On September 17, Dongfeng Motor Group and Xiangyang State-owned Assets Supervision and Administration Commission unveiled plans to co-found a new enterprise, boasting a registered capital of RMB 8.47 billion. This venture will be dedicated to the research and development, manufacturing, and marketing of intelligent off-road vehicle models. Dongfeng Motor Group will inject RMB 3.55 billion in the form of intangible asset usage rights, encompassing licensing rights for the vehicle model platform, proprietary technology asset portfolios for intelligent driving, and trademark rights for the Mengshi series. Meanwhile, Dongfeng Motor Co., Ltd. will contribute RMB 920 million worth of physical assets. Upon the new company's inception, it will capitalize on the strengths of Hubei's automotive industry cluster and harness Huawei's cutting-edge intelligent technologies to roll out a wider array of intelligent off-road vehicle offerings.