At the Beiqi Group commendation meeting held recently, Xu Qiyi, the chairman of Beiqi, said that “the work of Beiqi’s acquisition of Changhe has come to an endâ€.
The rumors of BAIC's acquisition of Changhe have been around for a long time. After leaving the China Aviation Group, Changhe has repeatedly expressed discordant voices with Xindong's parents. Changhe's independent desire is strong, which also makes Beiqi win again after 2008 to include Changhe Automobile. The opportunity to kneel down.
Whether it is Chairman Xu Heyi or the Beijing Municipal Government, it has been unwilling to fail to squeeze into the four major automobile groups in the country. The merger and reorganization is obviously the fastest and most effective way to achieve this goal.
According to the planning of BAIC Group, we must first improve the layout of the national rationalization industry. With a series of strategic acquisitions of Chongqing Yinxiang, Guangdong Baolong, Zhenjiang Automobile, etc., BAIC has completed the layout in the Southwest, South China, East China and Yangtze River Delta regions. The Changhe Automobile, which will be completed soon, will help BAIC Group in the Southeast. Drop an important one.
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