# Dongfeng Logistics to acquire 100% of Xiangyang Industry and Trade

Dongfeng Motor Group announced that Dongfeng Logistics will acquire 100% equity of Xiangyang Industry and Trade from Dongfeng Motor Co. and Shanghai Jiahua, integrating it into Dongfeng Logistics to improve service quality and reduce logistics costs.

- Type: Acquisition
- Announced: 2023-12-20
- Where: China
- Status: announced
- Products: logistics services
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Dongfeng Motor](https://endata.com/companies/3392.md) (partner)
- [Dongfeng Logistics](https://endata.com/companies/74547.md) (acquirer)
- [Xiangyang Industry and Trade](https://endata.com/companies/74548.md) (target)
- [Shanghai Jiahua](https://endata.com/companies/74549.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1042799.html), 2023-12-20: "股权转让后，襄阳工贸被整合到东风物流，其整体服务水平质量预期会大幅提升。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.