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Dongfeng Motor disclosed on Thursday that the company was commissioned by Nissan Motors Co., Ltd. to develop the right-hand-operated series cab for Nissan and Renault F91G right-hand trucks on the basis of its body data. Nissan Motors Co., Ltd. will split three times. Pay development expenses of 55 million yuan.
According to the announcement, the results delivered by the company to Nissan Automobil Co., Ltd. include, but are not limited to, engineering drawings, standards, test results, research papers, and other engineering, technical, and commercial data.
Nissan Motors Co., Ltd., through its wholly-owned subsidiary Nissan (China) Investment Co., Ltd., holds a 50% stake in the company's controlling shareholder Dongfeng Motor Co., Ltd., and this transaction constitutes a related party transaction in accordance with relevant regulations.