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Recently, the news about Beijing Auto's acquisition of Changhe spread again. With the news that the “SASAC has approved the release of Fuchang River's Jiangxi base from the central government’s Chang’an, returning to local government jurisdiction in Jiangxi Provinceâ€, the news seems to be getting closer and closer to BAIC.
However, before the end of Beiqi, the target of mergers and reorganizations was not limited to Changhe. Tencent Automobile was the only one to learn that Beiqi will have two mergers and reorganization projects by the end of the year. It is understood that Xu Heyi’s request for these two mergers and reorganization projects is: “Two mergers and acquisitions and reorganization projects are at a critical stage of negotiations and are coming to an end, and we will strive to fully sign the two projects in the fourth quarter.â€
It can be said that this year is the second merger and reorganization year after BAIC took over Saab. After the announcement of BAIC International in June, Xu Heyi, chairman of BAIC Group, revealed to the media that BAIC had at least one major move in the second half of this year. There are two “successful†mergers and reorganizations. In the following August, BAIC signed a contract with Zhenjiang City People's Government to merge and reorganize the Zhenjiang Automobile Manufacturing Plant. It plans to invest RMB 15 billion to build Beiqi Huadong Base.
The first acquisition came to an end during the year, after which the industry continued to pay attention to which company would be acquired by Beiqi. Soon, Changhe became the focus of attention.
According to an insider from Beiqi, the acquisition of Changhe by Beiqi has basically been confirmed, pending the final signing of the agreement. As for which company is another company, it is still in secret.
From January to September this year, BAIC achieved 1.47 million sales, an increase of 22.7% year-on-year. According to the plan at the beginning of the year, BAIC intends to achieve a production and sales target of 2 million vehicles this year and sprint 2.1 million vehicles. According to the current sales situation, 2 million targets are already within reach. "It is difficult to sprint 2.1 million targets." Beiqi insiders believe.
However, according to Xu Heyi’s plan, if the two mergers and reorganization projects were successfully signed by the end of the year, this year BAIC Group is expected to sprint 2.2 million production and sales targets.