The Forthing T5 is a compact crossover SUV produced by Dongfeng Liuzhou Motor under the Forthing or originally Dongfeng Fengxing sub-brand. A larger 7-seater mid-size crossover SUV variant called the Forthing T5L is also offered from the 2019 model year.
20-571: The Forthing T5 was launched as a compact crossover SUV under the Fengxing or Forthing brand of Dongfeng Motor Group for China, it officially debuted as a prototype during the 2018 Beijing Auto Show in April 2018, with the production version complying the National Standard V Emission standard of China available from Q3 2018. The updated English name of the original Fengxing brand was also launched with
40-505: A focus on distressed debt management. It was one of the four asset management companies that the Government of China established in 1999 in response to the 1997 Asian financial crisis . On 11 November 1999, China Huarong was incorporated in Beijing as China Huarong Asset Management Corporation ( Chinese : 中国华融资产管理公司 ), which was one of the four asset management companies as approved by
60-565: A total of CN¥ 4.6 billion . It also became a "company limited by shares" ( Chinese : 股份有限公司 , analog of public limited company ) in October 2004, with a new name Dongfeng Motor Group. The company issued H share and became a listed company on 7 December 2005. In 2014 the plan to establish Dongfeng Commercial Vehicle was approved by the National Development and Reform Commission . It would acquire some business and assets from
80-400: A total of 42.86% stake. In 2003, [new] Dongfeng Motor Co., Ltd. was incorporated as a joint venture of Dongfeng Motor Group and Nissan . Dongfeng Motor Group, at that time still known as [old] Dongfeng Motor Co., Ltd., was renamed to Dongfeng Automobile Industry Investment. In August 2004 Dongfeng Motor Group bought back all the stakes of Dongfeng Motor Group from other stakeholders, for
100-571: Is a Chinese holding company based in Wuhan , Hubei . Its H shares were listed on the Hong Kong stock exchange . Dongfeng Motor Group formed several joint ventures with other foreign automobile makers, namely Luxgen , Honda , Renault - Nissan and Stellantis (which created by the merger of Fiat Chrysler Automobiles and Groupe PSA ). It also leased several trademarks from the parent company Dongfeng Motor Corporation since 2005. Dongfeng Motor Group
120-514: Is available with either a 6-speed manual gearbox or a CVT, while the 1.6 liter turbo diesel version is only available with a 7-speed DCT. A pre-production model was revealed during the 2018 Chengdu Auto Show called the Fengxing T7, a seven-seater mid-size crossover that will be positioned above the original Fengxing T5, which is essentially a longer version of the T5, and was later renamed to Forthing T5L for
140-488: Is powered by a 1.6 liter turbo engine, codenamed CE16, which is based on the development of BMW N13 engine. The CE16 engine inherits BMW’s Valvetronic variable valve lift and twin scroll turbocharging technology, producing a maximum power output of 150 kW (201 hp; 204 PS) and maximum torque of 280 N⋅m (207 lb⋅ft). From 2022, the Forthing T5L was simply sold as the 7-seater variant Forthing T5, dropping
160-819: The Ministry of Finance of the People's Republic of China remained the majority controlling shareholder and China Life Insurance Group increased its shareholding. In October 2015, China Huarong raised HK$ 17.8 billion through an initial public offering (IPO), offering 5.77 billion new shares in Hong Kong. In April 2018, the Central Commission for Discipline Inspection, and the National Supervisory Commission launched an investigation into possible "serious violations of discipline and laws" of Lai Xiaomin ,
180-691: The State Council of the People's Republic of China . In 2000, China Huarong began acquiring a non-performing loan of RMB 407,696 million from the Industrial and Commercial Bank of China . The company later became a limited company: China Huarong Asset Management Co., Ltd. ( Chinese : 中国华融资产管理股份有限公司 ) in 2012. In August 2014, China Huarong introduced seven strategic investors, including Warburg Pincus , CITIC Securities International , Khazanah Nasional , China International Capital Corporation , COFCO Group , Fosun International , and Goldman Sachs while
200-654: The "L" moniker. Later in September 2022, the Forthing T5 received an update called the "Mach Edition". Just like the other Forthing Mach Edition vehicles, the T5 Mach Edition features bright color accents and a restyled front end. The powertrain is the "Mach power" 1.5-liter turbo engine producing a maximum output of 140kW (190hp) and a torque of 300N·m and a 7-speed dual-clutch transmission. Dongfeng Motor Group Dongfeng Motor Group Co., Ltd. , doing business as DFG ,
220-604: The Chairman of China Huarong Asset Management, and the Chinese Communist Party Committee Secretary for Huarong. As Huarong's Party Secretary, he emphasized in 2015 that during the operation of China Huarong Asset Management, the Chinese Communist Party (CCP) committee inside the company should play a central role, and party members should play an exemplary role. On 15 October 2018, Lai Xiaomin
SECTION 10
#1733092984300240-542: The Dongfeng Fengxing T5 which is "Forthing", with the name labeled on the tailgate of the T5. The Forthing T5's powertrain comes from a 1.6 liter turbo engine producing 204 hp (152 kW; 207 PS) and 280 N⋅m (207 lb⋅ft; 29 kg⋅m) of torque. Prices ranges from 84,900 yuan to 135,900 yuan. A facelift of the Forthing T5 complying with the National Standard VI emission standard of China
260-441: The company was said to have prepared funds for full repayment of S$ 600 million ($ 450 million) offshore bonds due 27 April. To reduce the risk of market contagion and to stabilize its cash flow, Chinese regulators asked Chinese banks to provide loans to China Huarong. In August 2021, CITIC Group became China Huarong's largest shareholder with a nearly 26.5 percent stake after a group of state-owned investors bought into
280-433: The joint venture Dongfeng Motor Co., Ltd. In turn Volvo acquired 45% stake of Dongfeng Commercial Vehicle from Dongfeng Motor Group. At the same time Dongfeng Nissan Diesel Motor would be a wholly owned subsidiary of Dongfeng Commercial Vehicle. In January 2015, Dongfeng Commercial Vehicle was established. As of 31 December 2016 , Dongfeng Motor Corporation is the largest shareholder for 66.86% shares. It
300-515: The production version. The model hit the market on 30 March 2019 as the Forthing T5L. The Forthing T5L is a 7-seater in 2+3+2 layout, the second and third rows can be folded flat. The trunk volume of the Forthing T5L in the 5-seat state reaches 1600L, and with the second and third rows of seats are all folded up, the trunk capacity can expand to 2370L. The interior features include a push-button starter, hill descent control, electronic handbrake, panoramic sunroof and panoramic imaging. The Forthing T5L
320-541: Was expelled from the CCP. On 11 August 2020, the No. 2 Intermediate People's Court of Tianjin opened a public hearing on the case of bribery, corruption, and bigamy of Lai Xiaomin. The indictment alleges that Lai Xiaomin accepted 1.788 billion yuan in bribes, and illegally occupied public funds 25.13 million Yuan. On 5 January 2021, Lai was found guilty of receiving 1.79 billion yuan ($ 277.3 million) in bribes and bigamy and
340-449: Was followed by Standard Chartered (2.81%), Prudential plc (2.64%), BlackRock (2.00%) and Edinburgh Partners (1.78%), all were H share owners and acted as investment managers (trustees). China Huarong Asset Management China CITIC Financial Asset Management (previously known as China Huarong ) is a majority state-owned financial asset management company in China , with
360-635: Was ranked 550th in 2017 Forbes Global 2000 List . As of 30 April 2018 , the market capitalization of its H shares (about 33.15% of total share capital ) was HK$ 24.931 billion . Dongfeng Motor Group (then known as Dongfeng Motor Co., Ltd.) was incorporated on 18 May 2001 as a special purpose vehicle for debt-to-equity swap of Dongfeng Motor Corporation . The other shareholders were fellow state-owned financial companies China Huarong Asset Management , China Cinda Asset Management , China Orient Asset Management , China Great Wall Asset Management and China Development Bank for
380-416: Was revealed at the 2019 Shanghai Auto Show featuring a slightly restyled front fascia which looks like current Renault lineup's design language. The 2019 facelifted T5 is equipped with a 1.5 liter turbo engine producing 150 hp (110 kW; 150 PS) and 210 N⋅m (155 lb⋅ft) and a 1.6-litre turbo diesel engine producing 204 hp (152 kW; 207 PS). The 1.5 liter turbo version
400-412: Was sentenced to death without reprieve for bribery , embezzlement , and bigamy . His private assets were seized as well. The sentence was carried out on 29 January 2021. In April 2021, offshore U.S. dollar bonds issued by China Huarong plunged in value. The selloff came after the company missed an end-March deadline to release its 2020 financial results. Fears of a near-term default were eased after
#299700