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VOYAH Automotive Technology Co., Ltd., the premium family of new energy vehicles from Dongfeng Motor Corporation, officially debuted on the Hong Kong Stock Exchange on March 19 under the ticker 07489.HK, becoming the first premium electric vehicle stock from a Chinese state-owned enterprise to be listed in that market.
The operation was carried out through an introduction quotation, a format that does not involve the issuance of new shares or the raising of fresh capital, but instead provides the brand with its own stock market presence and greater visibility to international investors. In total, 885,381,529 H shares were listed on the main market of Hong Kong.
Dongfeng Motor celebrated the milestone on its official channels with a message that encapsulates the spirit of the announcement: "A step forward, together. VOYAH is officially listed on the Hong Kong Stock Exchange (07489.HK), opening a new chapter in its global development. Driven by innovation and a vision of smart mobility, VOYAH continues to grow."
The stock market debut is the result of a major corporate reorganization: while VOYAH was carving out its own space in the financial market, Dongfeng Motor Group completed its delisting process from Hong Kong. March 10 was the last trading day for the parent group in that market, and shareholders received 0.3552608 shares of VOYAH for each share of Dongfeng, plus HKD 6.68 in cash.
From the quote request in October 2025 to the listing in March 2026, VOYAH completed the complex approval process in less than six months.
The brand supported its debut with strong figures. Between 2023 and 2025, its sales grew from approximately 50,300 units to 150,200 units, with a compound annual growth rate of 72.8%. In 2025, VOYAH achieved a net profit of RMB 1,020 million, reaching profitability for the first time, with a gross margin of 20.9%.
The delivery data published on HKEX reinforces this performance: in March 2026, the brand delivered 15,806 vehicles, a 20.5% increase compared to March 2025, with the VOYAH FREE leading the charge with 8,952 units, followed by the VOYAH DREAMER with 5,391 and the VOYAH PASSION with 1,463. The cumulative deliveries for the first quarter reached 38,392 units, an 11.8% year-on-year increase.
Two days before its stock market debut, VOYAH unveiled its flagship SUV, the Tai Shan Ultra, which is the world’s first mass-produced vehicle equipped with 896-line image LiDAR, capable of detecting obstacles 30 centimeters away from a distance of 162 meters. The special edition "Black Knight" was launched simultaneously at a price of RMB 509,900.
In Cuba, Dongfeng Cuba officially represents the brand and markets models from the VOYAH family in its catalog, including the Voyah Free+ (hybrid SUV starting from €44,900) and the Voyah Dream PHEV (seven-seater SUV starting from €64,900).
At the same time, Dongfeng Cuba announced the construction of 11 new electric charging stations across the island, in collaboration with the Ministry of Transport, which will operate with their own photovoltaic systems, independent from the national electrical grid.
The context of Dongfeng's expansion in the electric vehicle market is also reflected in its latest technological developments: Dongfeng and Huawei recently unveiled the Yijing X9 and the Epicland X9, two SUVs that showcase the group's commitment to high-level intelligent mobility.
Lu Fang, president of VOYAH, summarized the roadmap following the listing: “We will continue to adhere to high-quality development, long-term planning, and providing users with good products and services.”
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