In November 2012, Dongfeng Motor Group Co., Ltd. and German Smiths AG jointly invested 600 million yuan to develop, produce and sell semi-trailer products. In addition, Dongfeng Company also acquired 70% of the shares of Sweden's TEngineering AB on September 23 and October 22, 2012, and invested 120 million euros in cooperation with the world's largest transmission company, Getlag International of Germany.
For Dongfeng’s overseas mergers and acquisitions and cooperation, Zhu Fushou, general manager of Dongfeng, stated that Dongfeng’s overseas mergers and acquisitions are trying to use international resources to introduce, digest and absorb key technology assemblies, and gradually train their own core talents. Technology, fostering first-rate independent innovation capabilities, and achieving self-development and internationalization goals.
An industry official also said in an interview with reporters that Chinese auto companies conduct overseas mergers and acquisitions. On the one hand, they have enabled the company itself to further broaden its overseas markets and obtain advanced manufacturing technologies from mergers and acquisitions, including vehicle manufacturing and auto parts manufacturing. In order to promote the company's own performance. In addition, the entry of overseas funds will also bring more development opportunities to the company. Such technical and financial support will also enable the listed companies to obtain better market performance in the market.
In 2009, the State issued the “Rules for the Adjustment and Revitalization of the Automotive Industry†clearly stated that the merger and reorganization in the automotive industry should be encouraged. Through mergers and acquisitions, it is planned to form 2-3 large-scale enterprise groups with production and sales scale of more than 2 million vehicles, and cultivate 4-5 automobile enterprise groups with production and sales scale of over 1 million vehicles.
With the support of the state's encouragement policy, the overall sales volume of China's auto market in 2009 exceeded 13.6 million vehicles, ranking the first in the world. This also provides opportunities for overseas mergers and acquisitions by Chinese auto companies. China's auto companies have also gradually increased the number of overseas well-known auto brand acquisitions. Among them are BAIC's acquisition of Saab, Sichuan Tengzhong's acquisition of Hummer, and Geely's acquisition of Volvo.
Experts pointed out that through overseas acquisitions, Chinese auto companies can acquire more overseas market shares through M&A targets and rapidly expand sales scale. They can also increase the visibility of their own brands through mergers and acquisitions. In the area of ​​automobile manufacturing, it is also possible to obtain more advanced technologies, reduce the cost of individual vehicles, and increase the overall economic efficiency of the company.
Industry sources pointed out that from the current overseas mergers and acquisitions in China's auto industry, overseas mergers and acquisitions of auto parts companies are becoming the main body of overseas mergers and acquisitions in the automotive industry. China's domestic auto parts companies are faced with many problems in terms of production technology and innovation capabilities. It is very important for companies to master advanced parts and components technology.
The data shows that there are more than 5,000 automobile parts and components companies with sales revenues of more than 5 million yuan in China, of which more than 80% have annual sales of 100 million yuan or less, 130 have more than 100 million yuan, and nearly 70% in China. The auto parts companies are faced with problems such as high production costs and low parts parts quality.
Since last year, Sichuan Bohong Group invested US$9 million to acquire the Nuolong company in Wuxi, France, many domestic auto parts companies have marched into the ranks of overseas mergers and acquisitions. In March of this year, the Lingyun Group under the China North Industries Group’s subsidiary included in the United Nations. The company acquired 100% equity of German Kai-Kielder Company; in May, Zhongsheng Holding acquired 70% equity of German modified brand Carlson Automotive Technology Co., Ltd.; in June, Ningbo Huaxiang invested 4 million Euros to acquire 30% equity of German HELBKO Company.
[next]
For overseas mergers and acquisitions of domestic auto parts companies, industry sources said that domestic auto parts companies are facing the squeeze of foreign auto parts companies, and lack of adequate funding and technology. The development time of domestic auto parts enterprises is shorter than that of whole auto companies. Both the technical details and talent reserves are significantly different from those of international auto parts giants. However, the international financial crisis in 2008 and the current European debt crisis have caused the European, American and Japanese automobile markets to shrink. Some auto parts companies in foreign countries are in trouble. This is a good time for mergers and acquisitions of auto parts companies in China. Strengthen the research and development capabilities of domestic auto parts companies.
Dong Jianping, deputy secretary-general of the China Association of Automobile Manufacturers, said that whether auto power is mainly reflected in auto parts, because many of the core technologies involved in safety, energy saving, and emissions are on parts and components, and there is no breakthrough in the technology of parts and components. Standard regulations require. In addition, parts and components are upstream of the vehicle and are the direct users of raw materials and basic machinery parts. Therefore, the level of development of auto parts directly reflects the level of the automobile industry in a country.
Marine Plastic Pipe For Accommodation
Marine Plastic Pipe,Filament Winding Pipe,Marine Black Pe100 Plastic Pipe,Marine Plastic Pipe For Accommodation
Jingjiang Haihong Plastic & Rubeer Science -Technology Co.,Ltd , https://www.marineplasticpipe.com