Domestic auto companies overseas restructuring and mergers aimed at accelerating the pace of technological upgrading
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Recently, Dongguan Yongqiang Automobile Manufacturing Co., Ltd. and Italian VE Co., Ltd. reached an agreement on cooperation and transfer of new energy all-terrain special-purpose vehicles and signed an agreement.
It is reported that Yongqiang Automobile Manufacturing Co., Ltd. will acquire the brand, core technology and R&D team of Italian VE company for RMB 300 million. According to relevant person in charge of Yongqiang Company, “The purpose of cooperation with Italian VE Company is to introduce and absorb the technology and experience of the company, and to improve the production design level and product quality of Yongqiang’s All Terrain and New Energy Special Vehicles. For the new energy all-terrain vehicle technology, it can be 'horizontally extended'." For example, new energy technologies can be applied to emergency rescue vehicles, and new energy technologies can be used on internal combustion engines and all-terrain vehicles. For example, a hybrid engine can be used, and there is an onboard power supply in the vehicle. After the vehicle starts up, it can be charged and left to be used when the vehicle arrives at the site, which can save more than 40% of energy. The signing of Yongqiang and VE has made new energy technologies one of the key directions.
“Foreign vehicles, especially European ones, have deep technology accumulation. The acquisition of foreign companies shows that the strength of Chinese companies is increasing.†A person in charge of a special vehicle company commented: “As a high-end special-purpose vehicle company, Yongqiang Automotive has done so. At present, there is the ability to control European companies."
From the point of view of the introduction of foreign advanced technologies, domestic auto parts companies are in a trend of acquisition and reorganization, and more importantly, they can save time by upgrading the technology of Chinese enterprises through acquisition and reorganization.
Yongqiang Auto, formerly known as Yongqiang Manufacturing Tank Factory, was founded in March 1991. After three phases of 18 years of arduous pioneering: 1Infrastructure construction (1991-1998), completed production from tanks The transformation and upgrade of the mass production of tanks for vehicles; 2 The phase of technology upgrade (1998-2000), the upgrading of production technology of carbon steel tanks to aluminum alloy tanks, and the accumulation and development of fire truck products using existing technologies; 3 Rapid development phase (2000-2007), achieved a rapid increase in the sales of canned products, and also upgraded the products of fire engines from ordinary models to international high-end fire engines. Yongqiang Automobile has now developed into an industrial company integrating scientific research, production, trade and service. It has integrated management in industrial planning, construction investment, financial management, product research and development and human resources, and has five subsidiaries.