Simla Wealth Management:2024 Week 33 Industry Newsletter Week33 News

2024 Week 33 Industry Newsletter Week33 News

2024 Week 33 Industry SMS

Week33 News (2024.8.12-8.18)

Selis’s 1.4 billion acquisition of equity

Silis Acquires Equity for 1.4 Billion Yuan

It is learned from the tram report that recently, the Selis Group issued an announcement that the company plans to acquire a minority shareholder of the holding subsidiary Selis Automobile Co., Ltd. Chongqing Jinxin Equity Investment Fund Partnership (Limited Partnership) of Selis Automobile 19.355%equityThe transaction amount is about 1.329 billion yuan.After the transaction was completed, the company’s shareholding ratio of Selis Automobile increased from 80.645%to 100%.It is understood that Selis Group signed the "Equity Transfer Agreement" with the Jinxin Fund on August 8th, and the board of directors reviewed and approved the acquisition motion on the same day.

According to the Tram Report, Recently, Seres Group Annound ITS Intent to Acquire 19.355% Equity of Serenome Automobile Held by Chongqing Jin Equity Investment Fu ND PARTNERSHIP ENTERPRISE (Limited Partnership), A Minority Shareholder of its Holding Subsidial Serers Automobile Co., LTD., LTD., LTD.for a transaction amount of approximately 1.329 Billion Yuan. After the completion of the transaction, the company’s shareholding in Saic Motor Increased From % to 100%. It is reported that section group sign "equity transfer agreement" with Jinxin Fund on August 8th, And the Board of Directors approvd the acquisition proposal on the say day.

(Source: Tram Report)

(Source: Tram Report)

再 Henan Lifan again

Henan Lifan ONCE AGAIN FAILED to Capture Photos

It is learned from the interface news that on August 13, Ali auction showed that the second auction of Henan Lifan New Energy Electric Electric Electric Electric Electric Electric Electric Vehicle Co., Ltd. was shot again because no one bids.Compared with the first shot in July, the starting price of Henan Lifan asset package shrinks from 98.94613 million yuan to 79.158891 million yuan.According to the bidding announcement, the target of this auction is all the inventory (raw materials, transit materials, inventory products), machinery, electronic equipment, vehicles and other assets registered in Henan Lifan.

According to Interface News, on August 13th, Alibaba’s Auction Showed that the Second Auction of Henan Lifan New Energy Electric Vehicle Co. Ge FaiLED AGain Due to No Bidders. Compared with the first Auction in Jury, the Starting Priceof Henan Lifan Asset Package Has Shrunk from 98.948613 Million Yuan to 79.158891 Million Yuan. Auction is all registered inventory (Raw Materials, in Stock Turnover Materials, Inventory Goods), Machinery and Equipment, ElectronicEquipment, VEHICLES and Other Assets of Henan Lifan.

(Source: Interface News)

(Source: interface news)

8 SAIC GM plunged 82%

Saic GM Plummets 82%

It is learned from the electric Zhijia that recently, SAIC Group released the production and sales express in July 2024. In July, the group sold a total of 25,1484 vehicles, a sharp decrease of 37.16%. In the first July, a cumulative sales of 20,78,438 units fell by 15.92%.Among them, SAICTO’s performance is particularly sluggish.In July, SAIC -GM only wholesale 15,000 units, a year -on -year plummeting 82.42%; the total wholesale of 240,579 units in the first July, a decline of 55.14%, and the sales scale fell to the fourth place inside the group.

According To Electric Zhijia, Saic Group Recently Released ITS Production and Sales Report for Jury 2024, Which Showed that the Group Sold a Total OF 251484 Cars. in July, a Sharp Decrease of 37.16%; in the First Seven Months, a Total of 2078438 UnitsWERE SOLD, a decrease of 15.92%. AMONG Them, Saic GM’s Performance is PARTICularly Sluggish. In July, Saic General Motors only WHOLESALE 15000 Vehicles, a year-on-ye AR Drop of 82.42%; in the First Seven Months, a Total of240579 Vehice WERE WHOLESALE, a decrease of 55.14%, and the sales scale fell to the fourth plants within the group.

(Source: electric know home)

(Source: Electric Zhijia)

招 BYD large -scale recruitment

Byd Hires on a Large SCALE

It is learned from the electric family that BYD Zhengzhou Base recently announced that its new models of Song L DM-I have exceeded 10,000 vehicles.Promoted by a large number of orders for new models, BYD Zhengzhou Base has now launched the second round of large -scale recruitment activities in this year. All positions are directly recruiting, and the number of recruitment in a single month has reached 4,000.

According to Electric zhijia, byd’s zhengzhou base reception that the wekly sales of its new model, the song l dm-i, have exceeded 10000 units. Dr. Iven by a large number of order for new car models, byd zhengzhou base has launchd the secondRound of Large-SCALE Recruitment Activities for This Year, with all posteds directly recyited and a monthly recruitment scale of 4000 peple.

(Source: electric know home)

(Source: Electric Zhijia)

Chery intends to invest in Cambodia

Chery Intends to Invest in Cambodia

From the China -Vietnam -printed manufacturing industry observation of the CMA, it was learned that recently, Xu Hui, deputy general manager of Chery Holdings, revealed that Chery was interested in investing in Cambodia.This is another Chinese -funded auto company after BYD announced that it plans to invest in electric vehicle factories in Cambodia last month.

According to CMA, A CHINA VIETNAM India ManuoFacturing Industry Observer, Recently, XU Hui, Vice General Manager of Chery Holdings, Revealed During A Visit to Prime M Inister Hong Manai That Chery Intends to Invest in Cambodia. This is another Chinese Automotive Company’s Statement on Buildinga cambodian manuFacturing Base, Following byd’s Anncement Last Month of Plans to Invest in An Electric Vehicle Factory in Cambodia.

(Source: CMA printed by China and Vietnam)

(Source: CMA FROMAMA VIETNAM India ManuFacturing Industry Observation)

“Volkswagen wants to build" Oriental Wolf Castle "and will focus on developing pure tram models in Anhui

Volkswagen intends to build the "Oriental Wolf Fortress" and Will Concentrate on Researching and Developing Pure Electric Models in Anhui Province.

36 氪 News, Volkswagen has focused on the research and development of India’s pure tram to Volkswagen (India) Technology Co., Ltd. (hereinafter referred to as VCTC) located in Anhui.It is reported that a large number of personnel will be transferred to Anhui VCTC or mobilized to other businesses, and the Beijing R & D Center retains some hybrid project development.The three joint ventures established by Volkswagen in China: Volkswagen Anhui, SAIC Volkswagen, and FAW -Volkswagen will also undertake the production and sales of new cars developed by VCTC.

36kr News: Volkswagen has Centralized the Research and Development of Pure Electric Vehice in China to Volkswagen (China) TechNOLOGY Co. Ferred to as VCTC) Located in anhui.Transferred to VCTC in Anhui or Transferred to Other Business in this round of Adjustment, While The Beijing R & D Center Will RETAIN SOLID Project Development. The Three Joint Ventures Established by Volkswagen in China: Volkswagen Anhui, Saic Volkswagen, And Faw Volkswagen, Will SimultaneouslyUndertake the product and sales of New Cars Developed by VCTC.

Some inside personnel said that the role of VCTC is to move the public’s research and development to 7,000 kilometers eastward, and VCTC will become Oriental Wolf Fort.The VCTC, which is responsible for the heavy responsibility, is currently around 2,000, and the goal of 2024 is to recruit 3,000 people.According to the news, the public’s pure electric vehicles in China will be concentrated on the two pure electric platforms of MEB and CMP. These two platforms will be applied by VCTC and Cariad (Global Software Technology and Innovation Center of Volkswagen Group) and Xiaopeng Automobile.Developed CEA electronic electronic architecture.

Internet Personnel has been stated that the role of VCTC is to relocate volkswagen’s research and dueopopment to the easy. ENTAL WOLF FORTRESS. And VCTC, Which Undertakes The Heavy Responsibility, Currently Has A Staff Size of Around 2000 PEOPLE, with the Goal of recruiting 3000 people by 2024. It is reported that in the future, Volkswagen’s Pure Electric Vehicles in China Will be built on Two Pure Electric Latforms, MEB and CMP, Both of Which Will Use the CEA Electronic and Electrical Architecture JointlyDEVELOPED BY VCTC, Cariad (Volkswagen Group’s Global Software Technology and Innovation Center), and xiaopeng motors.

(Source: 36 氪)

(Source: 36kr)

、 Buick sells to SAIC and Chevrolet withdraw from India?Lu Xiao, the new general manager of SAIC -GM, denies

Buick Sold to Saic and Chevrolet to Exit China? Saic GM’s New General Manager Lu Xiao Denies

IT House News on August 16, Lu Xiao, the new general manager of SAIC -GM, recently accepted an interview with the Economic Observation Network to answer and respond to recent rumors and SAIC -GM planned planning.In response to the recent news that "GM sells Buick to the SAIC and Chevrolet brand withdraw from India", it said, "The guessing of the Buick and Chevrolet brand is rumors.’Development strategy, synchronize the new and old track.The three major brands of Cadillac, Buick and Chevrolet have launched more new products that meet the needs of local consumers.The main reasons for the industry’s prospects for SAICS is the decline in sales.In response to the phenomenon of dealers’ closure stores triggered by the decline in sales, Lu Xiao said that SAIC GM has adopted a series of rapid and powerful measures this year to change the production and sales association model and strengthen the support of the dealer’s business policy.Channel pressure to achieve a balance of profit.

On August 16th, It Home Reported that Lu Xiao, The Newly Appointed General of Saic General Motors, Recently Gave An Interview To Economic Observer Network TO ANSS WER and Respond to Recent Rumors and Saic General Motors’ Follow-Up Plans. In Response to RecentNews About General Motors Selling Buick to Saic and Chevrolet with CHIAWID, Lu Xiao Said, "SPECULATIONS About the Direction of Buick and Chevrolet Brand s are just rumors. In the future, Saic General Motors Will Continue to Adhere to the Development Strategy of ‘MultiBrand, Differentiation ‘And Simultaneously Focus on New and Old Tracks. MATION Strategy, BASED on more New Energy Technologies and Intelligent Connect Technology of ‘Oil, Electricity and Intelligence’,Continue to empower cadillac, build and chevrolet brands, and graduitly launch more new products that metal consumers. Industry has doubts about the propects of saic general motors is the decline in sales.Of Dealership Closures and Closures Cased by DeClining Sales, Lu Xiao Stated that Saic General Motors Taken A Series of Rapid and Effective , Changing the Production and Sales Relationship Model, Streangthening Business Policy Support for Dealerships, Aiming to Alleviate Channel Pressure andAchieve a Balance Between Quantity and Profit.

(Source: IT Home)

(Source: It Home)

BYD Li Yunfei denies the acquisition of Chrysler: false information

Byd’s Li Yunfei Denies Acquireing Chrysler: False Information

IT House News on August 16th, Li Yunfei, the general manager of BYD Group-Brand and Public Relations Division, opened a rumor on Weibo today, saying that BYD acquired Chrysler on the Internet for false information.Chrysler is one of the "three giants" car manufacturers in the United States. It is headquartered in Ouben, Michigan, and was founded in 1925 by Walter Chrysler. It is now a US subsidiary of the Dutch Automotive Corporation Stellandis.

On August 16th, It Home Reported That Li Yunfei, General Manager of Brand and Public Relations department of byd Group, Denied Rumors on Weibo Today, Stating That The Line Rumor of Byd’s Acquisition of Chrysler is False Information. Chrysler is one of the "bigThree "Automobile ManuFactures in the United States, Headquartered in Auburn Hills, MICHIGAN. It was found by Walter Chrysler in 1925 and is now a subsidary of the dutch car company Stellandis in the united states.

(Source: IT Home)

(Source: It Home)

BYD may enter the Pakistan market

Byd May Enter the Pakistani Market

Sales of the Federation of Financial, BYD plans to cooperate with a local manufacturer to build a factory in Karachi, Pakistan. There are also assembly factories from other automakers in the region, including Toyota Motors, Suzuki Motors and Kia Automobile.It is reported that the factory will be completed in the first half of 2026, and the specific details are still discussing.People familiar with the matter said that BYD will show the three models sold in Pakistan at a brand conference held on Saturday, including a SUV and a car.BYD plans to launch more models to the market, including pure electric and plug -in hybrid vehicles.

According to caixin sales, byd Plans to Collaborate with a Local ManuFacturer to Build a Factory in Karachi, where there are assembly, CTURERS Including Toyota, Suzuki, and KiaSimla Wealth Management. It is report that the faction will be completed in theFirst Half of 2026, and the Specific Details are Still Under Discussion. According to Informationd Sources, byd Will Showcase Threened to Be Sold In PAK ISTAN, Including An SUV and a Sedan, at a Brand Launch Event on Saturday Local Time. byd PlansTo Launch More Models in the Market, Including Pure Electric and Plug-in Hybrid Vehicles.

(Source: Financial Association)

(Source: caixin)

组 GM responds to reorganization rumors, and the side denies that it will withdraw from India

General Motors Responds to Rumors of Restructuring and Layoffs, Indirectly Denying That It Will Withdraw from China

Surging news, on August 14th, rumors such as the reorganization and layoffs of GM India ’s business and layoffs. General India responded that it has not changed with SAIC’ s partnerships and promises to promote the long -term development of joint ventures.We (GM) will continue to provide the best products and technologies for Indian consumers to make product planning for the future.As GM’s chief financial officer Paul Jacobson said at the investor meeting last week, "Indian business is high -quality assets for our present and future." GM said, "In order to achieve long -term development goals, our cooperation and exchanges with joint venture partners SAIC Group are closer than ever to achieve profitability and sustainable development. "

According to Pengpai News, on August 14th, in Response to Rumors City, Hina Stated that its partnership with saic group and commitment to promoting the long-term developmentWe (General Motors) Will Continue to Provideo The best products and technologies for chinese consumers and plan our products for the future. As General Motors Chief Inancial Office Paul Jacobson Said at an Investor Conference Last Week, "China’s Business is a High-QualityAsset for our present and future. "General Motors China State," In Order to Achieve Long-Term Development Goals, Our Coopration and Communication with OUR Joint Venture P Artner Saic Group Are CLOSER than Ever to Achieve Profitability and Sustainable Development

(Source: Surging News)

(Source: The Paper News)

源 Guangxi Wan’an New Energy Vehicle Project opened construction

GUANGXI WAN’AN New Ericy Vehicle Project Begins Construction

From the NE era New Energy, it was learned that recently, in the second phase of the second phase of the second phase of Yokoyuki Road, Liudong New District, Liuzhou City, Guangxi, Guangxi Wanan Automobile Chassis System Co., Ltd."Box" project officially broke the soil.

According to netes New Energy, Recently, at the Construction Site at no. 16 HENGLIU Road, CheYuan, LIUDONG New District, LIUZHOU City, Guangxi Province, Guangx I wan’an automotive chassis system Co.of "Adding 1 Million Sets of New Energy Vehicle Chassis and 1 Million Sets of Battery Shell Enclosures".

(Source: New Energy in the NE era)

(Source: Nera New Energy)

池 The factory operating rate of the two major battery manufacturers in South Korea has decreased sharply

The Factory Operating Rates of the Two Major Battery ManuFactures in South Korea Have Significantly Decreased

Indian Automotive News: According to the South Korean Central Daily, in the first half of this year, due to the stagnation of electric vehicle demand, the new orders of the vehicle manufacturer decreased, and the operating rate of the two major battery manufacturers in South Korea decreased significantly.The average factory operating rate of LG New Energy in the first half of this year was 59.4%, a decrease of 15.4 percentage points from 74.8%in the first half of last year.The average operating rate of SK on in the first half of this year was 53.0%, a sharp drop of 44.6 percentage points from 97.6%in the first half of last year.

China Automotive News: According to the Korean Central Daily News, in the First Half of This Year, Due to Stagnant DEMAND for Electric Vehicles and a decrease in Orders from Vehicle Manufactures, The Factory Operating Rates of the Two Major Battery ManuFacturers in South Koreahave significantly decreasedHyderabad Investment. The Average Factory Operating Rate of lg New Energy in the FIRT HALF of This Year Was, A Decrease of 15.4 Percentage Points FROM 74 .8% in the first hall of last year.First Half of this year was 53.0%, A Sharp Drop of 44.6 Percentage Points Compared to 97.6% in the First Half of Last Year.

(Source: Indian Automobile News)

(Source: China Automotive News)

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