Toyota Invests in Guangzhou-based Joint Venture with Dongfeng Group, Focusing on Automotive Export Business

Opinion News: On July 31st, the Chongqing Municipal Administration for Industry and Commerce website announced that Toyota Investment Co., Ltd. and Dongfeng Motor Corporation are planning to jointly establish a joint venture in Guangzhou, Guangdong Province, with a notice period of 10 days, from July 31st to August 9th, 2025.

According to the simplified case filing form for concentration of operators, the new joint venture will focus on the export business of automotive vehicles and their components, as well as automotive accessories. After the transaction is completed, Toyota China will hold a 60% stake in the joint venture, while Dongfeng Group will hold a 40% stake. From an anti-monopoly law perspective, Toyota China has control over the joint venture, while Dongfeng Group also has decisive influence on specific matters.

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