As a result of overseas mergers and acquisitions, hub motors, which represent the most cutting-edge technologies of electric vehicles, have landed in hubei and zhejiang provinces of China and are expected to be industrialized by the end of 2017, leading the world automotive technology trend.

Thanks to the acquisition of Germany's pritzker, junsheng has transformed itself from a small auto parts manufacturer into a global enterprise with international brands, and entered the global supporting system of porsche, Volkswagen, BMW and other enterprises.

Auto parts, parts enterprises

Zhao guibin, chairman and CEO of Air China automotive systems holding co., ltd. was named the global business leader of 2016 by fortune magazine for his acquisition and management of nextel in the United States, ranking with the ceos of apple, amazon, Facebook and other companies.

"If Chinese auto parts companies want to take the lead in the world, overseas mergers and acquisitions are an important and desirable way at present." On December 13, zhao guibin told China auto news that he was gratified by China's achievements in overseas auto parts mergers and acquisitions.

In recent years, Chinese auto parts companies with weak foundations have finally found a shortcut to become an auto power -- overseas mergers and acquisitions. The world's second largest skylight Dutch Britain, France, the world's fifth-largest pirelli tyre manufacturers Italy, Europe's largest hub motor company in the Netherlands e - Johnson controls automotive interior trim of Traction, the world's leading business, etc., Chinese companies have been incorporated into a bag, became susquehanna chuan, China chemical tianhai group, hualand cars owned by business unit.

Data from deloitte's 2016 China automotive industry outbound investment report shows that since 2013, self-owned brands and auto parts companies have completed 60 overseas mergers and acquisitions, involving an amount of 17.7 billion us dollars. Both the number and the size of the deals are at record highs. Among them, component companies are the main force of overseas acquisitions, accounting for more than 70% of the total transaction volume. Through overseas mergers and acquisitions, Chinese auto parts enterprises have realized the magnificent transformation of integrating into the international market, acquiring core technologies, expanding global scale and cultivating excellent talents.

Reason of merger and acquisition: only internationalization can develop greatly

The development of Chinese auto parts enterprises does not keep pace with the growth of China's auto industry. "chinese-style breakout" expected by the industry rarely happens in the field of auto parts, and there is still a big gap between Chinese auto parts enterprises and international leading enterprises. "Generally speaking, most Chinese auto parts companies are still at the bottom of the industrial chain -- single products and weak profitability; Single customer, relying on a few domestic oems; Talent shortage, lack of innovation, lack of synchronous development capacity; Lack of brand accumulation and international sales service network. Chunhui capital partner Yang ling that.

Faced with these problems, independent parts enterprises regard overseas m&a as a key measure of technology breakthrough and enterprise transformation. "Only with internationalization and active integration into the ranks of international mainstream auto parts, can we leap-forward development and realize the strategic goal of avic." Before buying nexteer from general motors of the United States, zhao guibin formulated such a development strategy.

Companies need to carefully evaluate overseas assets they are acquiring. Chen ailian, chairman of wanfeng auth holding group, told China automotive news: "wanfeng group focuses on five aspects when making international acquisitions. Second, whether its business conforms to the strategic direction of wanfeng group; Third, the enterprise profitability; Fourth, its brand influence in the global market segment; Fifth, after the merger, whether the relevant projects can be successfully implemented in the Chinese market, healthy development, and effectively enhance the development speed of wanfeng group.