Beijing Auto Group will acquire Saab and Fuqi Daimler before the end of the year

Another merger and acquisition drama in the auto industry will be staged soon

On November 10th, Beijing Automotive Industry Group held the "Beijing Automobile Industry Group's first production and sales celebration of 1 million in 2009" at the Foton company. At the celebration, General Manager Wang Dazhong of Beijing Automobile revealed that after Beiqi took part in the Saab acquisition with the help of the Koenigsels curve on September 17, Beiqi has reached a consensus with Saab and made significant progress. “From now on, The work is very orderly. Our goal is to finish this matter by the end of the year."

General Wang Dasai stated that Beijing Auto’s unwavering move to acquire this road was aimed at becoming bigger and stronger. However, cooperation with Saab involved China, the United States, Sweden, and the European Union. Only the legal text was signed, There are more than 70 kinds to be negotiated. The situation is very complicated, but the whole thing has progressed very smoothly.

If Beijing Auto's acquisition of Saab achieves the signing before the end of the year, it will be another success for BAIC in overseas acquisitions following the failure of the acquisition of Opel.

In addition, media reports said that before the end of the year, BAIC will acquire the equity of Fujian Daimler, which is 40% of Fuqi, and Fuqi will retain 10% of the equity. The amount involved in the acquisition may be between 6,000 and 700 million yuan. After the acquisition is completed, the new joint venture will mainly produce Mercedes-Benz's two MPV models - Vito and Vivian.

However, Wang Dachang did not want to give too much comment on this matter, saying that the work was being carried out in an orderly manner.

Beiqi New Energy Co., Ltd. will be listed soon

At the celebration of yesterday, Wang Dazhong revealed that BAIC placed greater emphasis on the promotion of independent innovation, especially the development of new energy vehicles, and placed a strategic position on the development of the group. In a few days, BAIC New Energy Co., Ltd. will be established.

Wang Da said that the new energy company is a brand of new energy vehicles, the main positioning includes three aspects: 1. The new energy technology based on electricity to develop, to support the two brands of commercial vehicles and passenger cars 2. Key components, such as batteries, motors, electronic control and other core technologies will also be involved; 3. In the electric vehicle will also be involved in some.

Wang Da said: “Each of our traditional cars has a plan for a new energy vehicle, because new energy is mainly for cars. We have now developed prototype vehicles, including hybrids, various forms of mixing. Power, cars, off-road vehicles, trams. The next step is to bring it to market at the right time.”

Create a new three-year plan

According to the latest statistics, the Beijing Automobile Group has achieved sales and sales of 1.024 million units this year, an increase of 52.7% year-on-year. It has completed the full-year target two months ahead of schedule. Since its establishment, the annual sales volume has exceeded 1 million for the first time.

Based on the rapid growth in the production and sales of its automotive brands, Beiqi Chairman Xu Heyi adjusted its annual production and sales targets for 2009 to 1.2 million vehicles for production and sales, and sales revenue of 110 billion yuan. It also re-established production and sales of 1.5 million units in 2010, and sales revenue of 150 billion yuan. , The new three-year plan for the production and sales of 2 million vehicles in 2011 and sales revenue of 200 billion yuan.

At the beginning of this year, the Ministry of Industry and Information Technology proposed in the "Automobile Industry Adjustment and Vibration Planning" that "through mergers and reorganizations, 2-3 large-scale automobile enterprise groups with production and sales scales of more than 2 million vehicles will be formed." Currently, only Shanghai with a sales volume of more than 2 million vehicles The auto group, if Beiqi successfully completed the 2011 plan, will also join the ranks.

In addition, Wang Dachi stated that in order to become bigger and stronger after BAIC's production and sales reach 1 million units, BAIC will unswervingly build its own brand. “We have made a lot of progress in this area and we have already had a clear development strategy. It is commercial vehicle first, passenger vehicle first, and off-road vehicle-based breakthrough. Specifically, we also have a detailed product development plan. ."

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