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In 2013, the Ministry of Industry and Information Technology released “Guiding Opinions on Accelerating the Promotion of Mergers and Restructuring of Enterprises in Key Industries†to lay the foundation for the automotive industry: By 2015, the industry concentration of the top 10 automobile companies will reach 90%, forming 3-5 core competitions. Large-scale enterprise groups.
In the past year, mergers and reorganizations of large-scale auto companies have been repeated: On February 1, BAIC and Daimler signed a strategic cross-shareholding agreement; on May 16, Dongfeng Motor acquired 45% of the equity of Fuqi Group, which was used by Guangzhou Automobile. The company reorganized Zhongxing Yichang Company; on August 7, BAIC reorganized Zhenjiang Automobile to establish the East China Base. Weichai Power, which had done enough homework this year, announced in early 2014 that it would enter the light-duty vehicle field and issue the “Yingzhi†brand.
Mergers and reorganizations are the “best times†in the automotive industry and also “turning agesâ€. In October 2013, 48 auto companies were included in the “Renovation and Retirement†list. With the increase of industrial concentration, whether it is independent brands or joint-venture brands, from high-end luxury models, imported models to domestic models, the chain reaction of price reduction will also appear, and the ultimate benefit will be the huge car consumer groups.
North-South Volkswagen: "Westward" and "Southward"
While the automobile consumption in the first-tier cities has slowed down, the expansion of joint venture brands has become a new trend in the industry. The expansion of Volkswagen in the Midwest and South China provides a solid foundation for its long-term development.
On May 15, 2013, the Shanghai Volkswagen 8th plant was opened in Changsha, Hunan, and the new base that is expected to be put into operation in 2015 will have an annual capacity of 300,000 vehicles. The production capacity of FAW-Volkswagen's Changchun and Chengdu factories is 660,000 and 450,000, respectively. The capacity of the Foshan plant under construction is planned to reach 300,000 in the first phase, and will increase to 600,000 in the future, which will enable FAW-Volkswagen to achieve 2015. The 1.65 million capacity planning has enough strength.
BAIC: Merging "The Most Active Force"
In 2013, BAIC was able to participate in many mergers and reorganizations as the “active force†in the industry. The first is the signing of a strategic agreement with Daimler in February. Daimler acquires 12% of Beijing Auto's shares. BAIC and Daimler then increase holdings in Beijing Benz and Beijing Mercedes-Benz Sales Services Co., Ltd. respectively. .
In August of the same year, BAIC reorganized Jiangsu Zhenjiang Automobile Manufacturing Plant and plans to invest 15 billion yuan in this East China base. On November 25, Beiqi announced that it would reorganize Changhe and hold 70% of its shares. By the end of 2017, it plans to invest 13 billion yuan and achieve a vehicle production capacity of 500,000 vehicles. This will ensure BAIC's strategic goal of “guaranteeing five competitions and four challengesâ€.
Dongfeng and Guangzhou Automobile: Cross-Regional Restructuring On May 16, 2013, Dongfeng Motor Co., Ltd. acquired 45% equity of Fuzhou Automobile Group held by Fujian Provincial State-owned Assets Supervision and Administration Commission in capital increase, and set up a joint venture with Fuzhou Automobile to hold Southeast Automotive.
On the same day, Guangzhou Automobile Group, Zhongxing Automobile and China Auto Parts Industry Company signed a strategic cooperation of three parties in Yichang, Hubei Province. GAC passenger vehicles will restructure ZTE Yichang Company to realize its industrial layout in Central China.
Weichai: "cross-border" acquisition <br> <br> has been committed to the commercial vehicle and powertrain operations Weichai Group, the acquisition of the Yangtze River in Chongqing Jialing car through its wholly owned, into the light vehicle market and launched the "British-induced" The brand, its first model SUV will be listed this year. In the future, Weichai Commercial Vehicles will be based in Yangzhou, Jiangsu Province, and passenger cars will be based in Chongqing.
Entering the field of passenger vehicles has become the choice of many commercial vehicle companies. Before that, Foton Motor and Huanghai Automobile have established passenger car production bases. According to another rumor, Suzhou Jinlong and Xiamen Jinlong also have plans to enter the passenger car market.