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Because of overseas acquisitions, wheel motors representing the most advanced technologies of electric vehicles have landed in Hubei and Zhejiang, China, and are expected to be industrialized by the end of 2017, leading the world automotive technology trend.
Due to the acquisition of Prèdre in Germany, Junsheng Electronics has transformed from a manufacturer of small-sized automobile functional parts into a global company with international brands, and has entered the global supporting system of Porsche, Volkswagen, BMW and other companies.
Due to the acquisition and management of Nexteer by the United States, Zhao Guibin, the chairman of China Aerospace Automotive Systems Holdings Limited (Nexteer, chairman and concurrently CEO), was named 2016 global business leader by Fortune magazine, with Apple, Amazon, and CEOs such as Facebook are famous.
“If China’s auto parts companies want to move to the top of the world, overseas mergers and acquisitions are an important and timely way.†On December 13, Zhao Guibin expressed his satisfaction at the overseas mergers and acquisitions of Chinese auto parts during an interview with reporters.
In recent years, China's auto parts companies, which have a weak foundation, have finally found a shortcut to becoming a powerful automobile country—overseas M&A. The world’s second largest skylight company, Dutch Infanta, the world’s fifth-largest tire manufacturer Pirelli of Italy, Europe’s largest wheel-motor company e-Traction of the Netherlands, and the world’s leading Johnson Controls auto interiors business, are all included in the Chinese company’s business. , They become the business units of Hainachuan, China Chemical Industry, Tianhai Group and Huayu Automotive respectively.
According to Deloitte's “2016 China Automotive Industry Outward Investment Report†data, the self-owned brand automobile and parts and components companies have completed 60 overseas mergers and acquisitions transactions within 3 years since 2013, involving an amount of USD 17.7 billion. Regardless of the number of transactions or the scale, it has set a new record high. Among them, the spare parts companies are the main force of overseas acquisitions, accounting for more than 70% of the total transaction volume. Through overseas mergers and acquisitions, Chinese auto parts and components companies have turned their attention into the international market, acquired core technologies, expanded global scale, and cultivated talented people.
By the merger of: only to large international development <br> <br> Chinese auto parts enterprises development is not synchronized with the growth of China's auto industry, the industry anticipated "Chinese-style escape" rarely occurs in the field of automotive components, self There is still a big gap between parts companies and leading international companies. “Overall, most Chinese auto parts companies are still at the lowest end of the industry chain – they have a single product and weak profitability; they have a single customer and rely on a few domestic automakers; they have shortages of talent, lack of innovation, and lack of simultaneous development capabilities; lack of brand Accumulation and international sales service network," said Yang Ling, partner of Chunhui Capital.
In the face of these problems, independent component companies regard overseas M&As as a key measure for technological breakthroughs and corporate transformation. "Only internationalization and active integration into the ranks of international mainstream auto parts can lead to the development of AVIC's strategic goals." Prior to the acquisition of Nexteer from U.S. General Motors, Zhao Guibin formulated such a development strategy.
For overseas assets to be acquired, companies need to carefully evaluate. Chen Ailian, chairman of Wanfeng Auto Holding Group Board of Directors, told reporters: “Wanfeng Group pays attention to five aspects in the international acquisition: First, whether the acquisition target is advanced in its industry and whether it is leading in the international market; second is whether its business is in line with Wanfeng Group's strategic direction; Third, how profitability of the company; Fourth, how its brand influence in the global market segments; Fifth, after the merger, the relevant projects can be successfully landing in the Chinese market, healthy development, and effectively improve the million The growth rate of Feng Group."