According to the July sales bulletin released by Foton Motor, 1868 light passengers were sold in the month, an increase of 36.2% year-on-year; 1,183 passenger cars, including SUV, Parker and Fandi, were sold, an increase of 140.3% year-on-year.
From this series of data, it is not difficult to see that the passenger car of Foton Motor is developing rapidly, and Beijing Automotive Industry Holding Co., Ltd. (hereinafter referred to as BAIC) has successfully acquired Fujian Daimler Automotive Industry Co., Ltd. ( After Daimler's 50% equity interest in China FAC Group, its light passenger resources were incorporated into Foton Motor, which has the effect of accelerating the development of light passenger business and production scale.
A person close to Beijing Auto Group told Investor that the project is expected to be officially signed in September, but Beijing Auto Holding won Fuming Daimler (Benz project) will not be put into Foton Motor in a short time, may be Strip some non-performing assets, including historical burdens, and package them into listed companies.
Futian Changfeng has its own needs
Futian Automotive Insiders told Investors on August 18. "We do not rule out Fumo's inclusion of Daimler in the listed company. Before that, the company has cooperated with Daimler on heavy trucks."
According to the “Investor's Daily†interview, Beiqi Holdings and Fuqi Group currently focus on the price of the Daimler project acquisition, and have not yet reached a final agreement. However, it will not take too long to "eat" Daimler, which is estimated to be in September.
Within Fuqi Group, there are two major resources that make many car companies jealous: First, Fudan Daimler; Second, Mitsubishi joint venture Southeast (Fujian) Automobile Industry Co., Ltd. (hereinafter referred to as Southeast Motor).
Xu Heyi, chairman of Beiqi Holdings, initially planned to contact Fuqi Group in full. However, Guangzhou Automobile Group Co., Ltd. (hereinafter referred to as GAC Group) has long been a Southeast Asian automobile Mitsubishi Motors resources.
Almost Beiqi Holding and Fuqi Group negotiated news at the same time. At the same time, Guangzhou Automobile Group also secretly approached Southeast Automotive. After the success of Changfeng Automobile, Zhang Fang, the chairman of GAC Group, had the desire to acquire Southeast Motor and became very direct. Although there is news that the current GAC Group has suspended contact with the Southeast Motor, but do not rule out this is just a "screen smoke."
For Zhang Fangyou, Southeast Automotive’s Mitsubishi resources are highly attractive. On the one hand, if these resources can be won, the interests of Mitsubishi Motors in China will have to be bound to it; on the other hand, if this resource can be transferred to Changfeng Motor, the goal of expanding production capacity and R&D capability can be achieved. .
Beiqi Holding’s insiders told Investor that Beiqi Holdings may sign an agreement with Fuqi Group to acquire its shares in Fuming Daimler in the next two or three weeks. In Xu Heyi's abacus, if there is no GAC spoiler, perhaps the signing this time is the overall acquisition of Fuqi Group's agreement.
Both BAIC and Guangzhou Automobile have reasons to “eat†the Southeast motor vehicle. For the company’s chairman, Lim Xiaoqiang, who just took the post for six months, the main task is to sell the Fuqi Group at a good price.
In January of this year, the “sudden retirement†of Ling Yuzhang, the former Chairman of the Fuzhou Automotive Group, who has been in charge of Fuzhou Group for 15 years, is a decision made by the relevant government to promote the rapid reorganization and acquisition of Fuqi Group.
Fuqi Group insiders told Investor that Ling Yu’s withdrawal was to try to make up for the missing six years. Because of this, Fuqi Group was pushed to the front of the auto industry restructuring, and the pace of restructuring began to accelerate.
Beiqi is even more successful
Lim Xiaoqiang is the next step for whether Beijing Auto Holding can “eat†the key group of Fuqi Group. For Lim Xiaoqiang, it does not want Fuqi Group to be divided into two. This is unfavorable for the integration of resources in the future and many The employees of Fuqi Group are also unfavorable and do not meet the expectations of the Fujian Provincial Government to auto industry clusters.
What's more detrimental to Guangzhou Automobile is that Mitsubishi Motors' current attitude is very "squeaky" and it seems that it is also waiting to see whether Beijing Auto Holding can take a bigger slice and finally choose the direction.
After all, the current development of Mitsubishi Motors in China is still far from Toyota and Honda, and the scale and models need to be improved. The GAC Group already owns the resources of Toyota Motors and Honda Motors. In the past six years, GAC has become the smallest of the four small groups (Guangzhou, Beijing Automotive, CNHTC, and Chery) with the lightest history and strongest funds. Car company. Whether Mitsubishi Motors can re-grow its glory under GAC Group has uncertainties.
For Beiqi Holdings, Fuzhou Dongfang Automobile and Fudan Daimler are the resources they really want to get.
It is understood that in Fuming Daimler's project, Fuqi Group holds 50% of shares, and Daimler Light Vehicle (Hong Kong) Co., Ltd., a joint venture between Daimler Group and Taiwan Zhonghua Automobile, holds 33.78% of the shares respectively. And 16.22%, hereinafter referred to as Daimler Hong Kong, shares 50%.
Beiqi Holding’s insiders told Investor that the direction of the current agreement is that Fuqi Group will transfer all of its holdings of 50% of Fujian Daimler to Beijing Auto. In addition, there are also industry sources said that there is a program, Beijing Auto Holding only take 40% of the shares, and Fujian Province SASAC retained 10% of the equity, as Fuyao Group after the renamed investment income sources.
Bei Hong Holding spokesperson Wang Hong said that at present there is no latest information on the agreement. The insiders of Fuqi Group stated that there are uncertain factors in the plan. In particular, the acquisition of Fudan Daimler is not based on the initial investment of Fuqi Group, but the re-assessed price, which has virtually increased the acquisition. The time and difficulty.
The insiders of BAIC also frankly stated that if it is not possible to acquire all the shares of Fuqi Daimler, which is owned by Fuqi Group, then the control of the joint venture company will fall in the hands of Daimler Hong Kong, which obviously makes it possible for BAIC. Holding is difficult to accept.
According to the data, Daimler is only a light commercial vehicle with a planned production capacity of 40,000 vehicles. This is a limited contribution to Beiqi Holdings, which is eager to expand its production and sales scale. However, for Foton Motors, the significance is different. If the future Beijing Auto Holding can put Fuming Daimler's project into a listed company, it will be able to complement Foton Motor's light passenger business very well. Especially, not too long ago, Foton Motors has signed an agreement with Daimler. Both parties will establish a joint venture truck company with the same shareholding. In addition, Beijing Automotive Co., Ltd., a subsidiary of Beijing Automotive Industry Corporation, Beijing Automotive and Daimler, will be in the passenger car, In the field of commercial trucks and light commercial vehicles, full-scale joint ventures can be realized.
But if you can't take Fuming Daimler, Beiqi Holdings will be very passive, and now the resources it has in hand may be replaced by other auto groups. Obviously, this is not what Xu Heyi would like to see.
View related topics: China's auto industry recommence mergers and acquisitions wave
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