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Recently, it is reported that Dongfeng Motor Group will acquire the Fujian Automobile in the reorganization of Fujian Province. However, the person in charge of the relevant company recently denied the rumors when they accepted the visit.
When talking about whether or not to acquire Southeast Automotive, Xu Ping, chairman of Dongfeng Motor Group, categorically denied the rumor, saying that the Dongfeng Group did need to reorganize but did not make contact with the Southeast. At the end, like the spokesperson who spoke cautiously, an open-ended answer was thrown out immediately. “Although there is no contact now, but it is not ruled out, it is still possible.â€
"If there is such a thing, I should know, but I have never heard of it." A high-level voice of Southeast Motor firmly denied the rumor.
According to data released by the China Association of Automobile Manufacturers, Dongfeng Motor Group sold 2.72 million vehicles in 2010, surpassing FAW Group for the first time, followed by SAIC Motor, and ranked second. Previously, Dongfeng Motor Group has been in the third place in the automotive industry.
Dongfeng Group has already set the "Twelfth Five-Year Plan" goal and strives to achieve an annual sales volume of 5 million vehicles. This means that in the next few years, Dongfeng Group plans to increase its sales volume almost double. Apart from its own development, Xu Ping, chairman of Dongfeng Motor Group, bluntly reconciled. Although many parties have denied Dongfeng Group's access to the southeast, Xu Ping's open-ended reply still leaves room for outside speculation.
However, according to industry sources, the acquisition of Southeast Motor is not easy. Despite its own limited development, Southeast Motors is a full-fledged company. Before that, Guangzhou Automobile and Beijing Automotive had contacted Southeast Automotive. But privately, the Southeast Automotive executives once accused Beijing Auto: "How strong is it to acquire Southeast?"
Over the years, Southeast Motor has always had good government resources. In 2000, Yulon Motors and Dongfeng Group and Guangzhou Jingan Yunbao Automobile Co., Ltd. jointly formed Aeolus Automobile Co., Ltd., which manufactures Nissan Aeolus series vehicles. Yulon’s shares accounted for 25%. It took less than a year to negotiate the project, apply for national projects, and input and output. This is unprecedented in the history of car development in China. Pursuant to the reciprocity of import and export tariffs for automobile parts and components stipulated in the "Economic Cooperation Framework Agreement on Both Sides of the Taiwan Strait (ECFA)", the integration and division of labor between auto parts manufacturing and Taiwan will be promoted. According to reports from Taiwan media, Southeast Auto is cooperating with 50 Taiwan-funded plants of Southeast Motor City and Taiwan Chin Motors, a shareholder, to form a division of labor between the two sides of the Taiwan Strait. This will greatly reduce the overall operating costs of the company. The article stated that the move will create " Haixi Automotive Industry's unique comprehensive competitiveness." When talking about the status quo of the Southeast Auto Industry, an industry insider believes that “Southeast Motor is more like a bond that sustains cross-strait relations than a company, even if it suffers a loss in commercial interests.†As the country’s official approval to date The largest cross-strait joint-venture automobile company has given more political responsibilities to Southeast Automotive.
On the other hand, Fujian's iconic car companies are Xiamen Jinlong, Fujian Daimler, and Southeast Automotive, forming a three-dimensional product line from large and medium-sized passenger vehicles, MPVs to passenger vehicles. “Is it possible for Fujian Province to abandon Southeast China Auto easily?†said a person in the industry who has been tracking South East Motor for a long time. In its opinion, the reason why Changan Group was able to acquire Hafei and Changhe relatively simply was that the three companies belong to the same central state enterprise. “It is still relatively easy to operate.†While Southeast Automotive is a local state-owned enterprise, Dongfeng Group’s cross-regional integration must first Government off.
Fujian Southeast Automotive Corporation was born on November 23, 1995 in Fuzhou City, Fujian Province. She inherited the idea of ​​developing the Chinese auto industry based on complementary advantages and cooperation between the two sides of the Taiwan Strait. He took advantage of the humanistic geography and flesh complexes on both sides of the Taiwan Strait with water, the same ancestors. It is a joint venture between China Motor Corporation, a subsidiary of Yulon Group, the largest auto company in Taiwan, and Fuzhou Automobile Factory of Fujian Automobile Industry Corporation. The registered capital is 60.3 million US dollars and the total investment is 99.82 million US dollars. The shares are the largest cross-strait joint venture automobile companies that have so far been officially approved by the state. 