Guangqi Reorganized Zhongxing Auto's Yichang Branch again
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The reorganization of the auto industry has also received the latest "war situation." Yesterday, the Yichang Municipal Government, GAC Group and Zhongxing Auto's “Ichang Automobile Base Project Cooperation Signing Ceremony and the Urban Ark Offline AUV Ceremony†were held in Yichang. According to the arrangement, GAC reorganized the Zhongxing Yichang branch and it is expected that various passenger cars will be produced in Yichang in the future. As last year, GAC and Chery have integrated resources to “build carsâ€. For similar cooperation, car owners are referring to the trend of the times, and self-owned brands of passenger cars need to work together.
Annual output value of the sword is 30 billion yuan
According to the agreement signed yesterday, the above-mentioned three parties will carry out comprehensive cooperation in the field of automobile parts and components, vehicle manufacturing and sales, and develop the project of the Yichang automobile industry. With the availability of relevant resources, it is expected that in the future, an overall production capacity of more than 450,000 sets of completed vehicles will be produced in Yichang in the future.
Yesterday, Zhang Fangyou, chairman of Guangzhou Automobile Group, and Xiao Weijun, chairman of Zhongxing Automobile, said that establishing a cooperative relationship is conducive to the integration of resource advantages, enhancing the company’s core competitiveness, and promoting the structural adjustment and industrial upgrading of China’s auto industry.
The reporter learned that in June 2010, Yichang City signed an agreement with Zhongxing Automobile. The latter invested RMB 3 billion in local construction of an SUV project with an annual output of 200,000 sets in two phases. With the participation of Guangzhou Automobile, Yichang's production base is expected to achieve an annual output value of more than 30 billion yuan.
For this agreement, a person familiar with the situation told this newspaper yesterday that its operation method was the Guangzhou Automobile Passenger Car Company to restructure the Zhongxing Yichang branch and set up the Guangchang Yichang branch. Based on the original SUV, we will develop more series of new products.
"The specific content of cooperation begins with reorganization and then makes use of existing resources." The above-mentioned sources said that as long as there is demand in the market and national policies permit, GAC finally hopes to produce a variety of passenger vehicles in Yichang. He said that the restructuring involves cash contributions, but the specific figures have yet to be determined. From the current perspective, the cooperation between the two parties is limited to Yichang Branch.
The above-mentioned sources said: "Before coming to Yichang, Guangzhou Automobile Group has established a base in Changsha. We will continue to look for new bases."
In November last year, GAC Group and Chery Automobile have established a strategic cooperation alliance and will cooperate in vehicle development, powertrains, key components and other fields.
Automotive company "very busy" yesterday
The car industry had a good show yesterday. As reported and analyzed by the newspaper on the 15th, Dongfeng Motor Company formally “hands in hand†the Fujian Automobile Group yesterday. According to the agreement between the two parties, Dongfeng Motor Corporation will acquire part of the equity of Fuqi Group held by Fujian Provincial State-owned Assets Supervision and Administration Commission with capital increase, and hold 45% equity of Fuzhou Automobile Group in the prior period. In addition, Dongfeng Motor will establish an investment company with Fuqi Group and invest in it. The company holds 50% equity of Southeast Auto.
In addition, Shanghai Volkswagen “Southward†announced yesterday the official start of a new factory in Changsha, Hunan. After the project is completed and put into production, it will form an annual production capacity of 300,000 complete vehicles, which is expected to be completed and put into operation in 2015.