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Asian Automotive Newsletter ASIAN AUTOMOTIVE NEW SLETTER September 201 2, ISSUE 72 A Quarterly newsletter of developments in the auto and auto components markets Throwing modesty to the wind, the big Business Development Asia LLC (“BDA”) CONTENTSC O N T E N T S news for BDA this quarter was our is an investment banking firm which C H I N A 1 success in advising on six transactions in specializes in Asian M&A. We have I N D I A 2 the last month – one each in China, offices in all of the major Asian India, Japan, Korea, Europe and the US. automotive markets, as well as London J A P A N 4 All but one of these transactions involved and New York. If you are interested in K O R E A 4 an Asian buyer, seller or asset. This discussing any of the articles in this M A L A Y S I A 4 geographic reach demonstrates the scale newsletter, or how we can help you in of M&A activity in the middle market and this sector, please contact us. T H A I L A N D 4 BDA’s expertise in Asia and global reach. See this press release for more details: http://www.bdallc.com/bda_pdf/Grands Charles Maynard lam-press-release-6Sept12.pdf Senior Managing Director, [email protected] China BMW Brilliance AutoAuto, the JV between German auto manufacturer BMW and Chinese auto manufacturer Brilliance AutoAuto, plans to establish a new engine Auto Sector Stock Indices (12 mon ths ending 06Sep12 ))) facility in Liaoning province, China. The facility, with a capacity of 200,000 units, will commence operations in 2015 and will manufacture engines for domestic auto OEMs. The financial details were not disclosed. August 06, 2012 FAW MotorsMotors, the Chinese auto manufacturer, plans to invest US$687m to establish a new facility for manufacturing new energy vehicles in China. The facility, with a capacity of Source: Capital IQ, BDA 200,000 units, will commence operations by 2014 and will contain stamping, welding, painting and general assembly halls, as well as auxiliary infrastructure. August 09, 2012 2 A SIAN AUTOMOTIVE NEWS LETTER SEPTEMBER 2012, ISSUE 72 The facility, with a capacity of 50,000 units, will commence operations in 2015. July 14, 2012 Youngman AutoAuto, the Chinese bus manufacturer, has agreed to acquire 74% in Viseon BusBus, a German bus manufacturer, for US$12m. The move will enable Youngman to expand its operations in Europe. August 01, 2012 Wanxiang GGrouprouproup, the Chinese auto component manufacturer, has agreed to acquire 80% of A123 SystemsSystems, the US auto battery manufacturer, for US$450m. The funds would be used to Source: Capital IQ, BDA strengthen the financial position of the A123 Systems. August 09, 2012 Zhejiang Youngman PaPassengerssenger Car Ford Motor announced that it will agreed to acquire Bengbu HaoyeHaoye, a GroupGroup, a Chinese car manufacturer, has introduce Lincoln automobiles to the Chinese filter manufacturer for the agreed to acquire 30% of SpykerSpyker, a Chinese market by 2014. August 28, 2012 aftermarket and local OEMs. August 29, Dutch sports car maker, for US$12.5m. 2012 The companies will setup two JVs, which Ford Motor will begin making its 2.0- will be majority owned by Youngman. liter EcoBoost turbocharged engine in NavistarNavistar, the US truck manufacturer, September 03, 2012 Chongqing next year. The engine plant plans to establish a JV with Anhui AutoAuto, is currently under construction, and a Chinese auto manufacturer, for a total Ford has earmarked US$600m to build investment of US$284m. The JV, with a its third assembly plant in Chongqing. capacity of 150,000 engines, will August 27, 2012 commence operations by 2013. The JV will promote the technical upgrade and India The Foton Daimler JV has officially enhance the quality of the JAC trucks begun business. The JV is equally and several different Navistar Atul AutoAuto, an Indian three-wheeler owned by truck manufacturer Beiqi Beiqi MaxxForce diesel motors for the manufacturer, plans to invest US$18m Foton and Daimler AG,AG and the Foton Daimler AG Chinese auto market. August 18, 2012 to establish a new facility in Sri Lanka. companies have invested a total of The facility with a capacity of 10,000 US$1bn. The JV hopes that its Auman Volkswagen plans to establish a new units will be operational by 2013 and trucks, now equipped with Mercedes- transmission facility in Tianjin, China for will primarily cater to the Sri Lankan Benz engines, will be able to come to a total investment of US$1.1bn. The market. July 17, 2012 the forefront of the Chinese truck facility will primarily manufacture market. August 30, 2012 DQ380 and DQ500 DSG transmissions Hero MotoCorpMotoCorp, an Indian two-wheeler for the Chinese auto market. August 20, manufacturer, plans to invest US$71m MANN+HUMMEL,MANN+HUMMEL a leading global MANN+HUMMEL 2012 to establish a new R&D center in expert for filtration solutions and Rajasthan, India. The center will original equipment supplier to the Volkswagen plans to establish an Volkswagen commence operations by 2014 and will international automotive and assembly plant with FAW Group,Group the FAW Group be the largest two-wheeler R&D center mechanical engineering industries, has Chinese auto manufacturer, in Wuhan. in India. July 25, 2012 3 A SIAN AUTOMOTIVE NEWS LETTER September 2012, ISSUE 72 Hero MotoCorp plans to invest US$268m to establish two new facilities in Gujarat and Rajasthan. The facilities, with a total capacity of two million units, will commence operations in 2014 and will cater to the growing demand for two wheelers in the domestic market. June 04, 2012 IsuzuIsuzu, the Japanese commercial vehicle manufacturer, plans to invest US$178m to establish a new facility in Andhra Pradesh, India. The facility, with a capacity of 120,000 units, will commence operations in 2015. Isuzu will initially assemble the DMAX trucks Source: Capital IQ and MU7 SUVs for the Indian market. July 19, 2012 established a new R&D center with an up a 50:50 JV with Eicher MotorsMotors, the Krishna GroupGroup, an Indian auto interior investment of US$18m, in Pune, India. Indian two-wheeler manufacturer. The manufacturing company, has formed a The R&D center will enable the JV with an investment of US$50m will JV project with Italy-based Landi RenzoRenzo, Company to undertake in-house design commence operations in 2015 and will a global leader in the alternative fuel and development of engine technology enable Polaris to expand its presence in vehicles sector. The US$13m JV will for its motorcycles and shorten the India. July 25, 2012 address the critical alternative fuel period for new product development. solutions relating to the development July 04, 2012 Sogefi GroupGroup, the Italian auto and creation of advanced technological component manufacturer, plans to systems in clean energy sources. MercedesMercedes----BenzBenz India inaugurated invest US$5m to establish a new facility August 02, 2012 India’s largest workshop for with an in Pune. The facility will manufacture investment of US$9m. The hangar is stabilizer bars and torsion bars for MahMahindraindra Reva Electric VehiclesVehicles, a spread over 100,000 sq. ft. and has 54 passenger cars and utility vehicles and part of the Mahindra GroupGroup, dedicated bays. August 21, 2012 will initially only cater to Tata Motors, inaugurated its first platinum rated Mahindra & Mahindra, Fiat and Piaggio. automobile manufacturing facility in Nissan plans to acquire a significant July 04, 2012 Bangalore. The facility is the first minority stake in Hover AutomotiveAutomotive, purpose-built, ground-up electric the Indian auto distributor, for an Tata MotorsMotors, the Indian auto vehicle plant in India, the first undisclosed amount. Hover currently manufacturer, plans to set up an manufacturing plant to gain the manages the entire marketing, sales assembly facility for its Jaguar Land prestigious platinum rating from the and dealer development for Nissan Rover vehicles in Brazil, for an Indian Green Building Council and the Motors in India and the acquisition will undisclosed amount. The facility will first plant where cars are initially provide Nissan greater control over its initially assemble JLR’s Freelander powered at the manufacturing site using marketing and distribution activities in model for the Brazilian market. solar power. August 22, 2012 India. July 05, 2012 July 16, 2012 Mahindra Two WheelersWheelers, the Indian Polaris IndustriesIndustries, the US-based off Toyota plans to invest US$90m to two-wheeler manufacturer, has road vehicles manufacturer, plans to set establish a new facility in Karnataka, 4 A SIAN AUTOMOTIVE NEWS LETTER SEPTEMBE R 2012, ISSUE 72 India. The facility will have a capacity of Busan, South Korea. The facility will Thailand 240,000 units of engine castings and produce 80,000 Rogues per year for the 120,000 units of machined parts. The U.S. and other export markets. July 20, move is part of the Company’s strategy 2012 Denso International AsiaAsia, the leading to increase the use of locally Japanese supplier of advanced manufactured parts for its vehicles in SK Innovation and the international automotive technology, systems and components, will invest US$102m in India. June 26, 2012 automotive supplier Continental (Germany) completed a transaction to Thailand next year to expand its auto- Usha Honda Siel Cars India and cooperate on lithium-ion battery parts plant in the Amata Industrial Zone Honda Motor CompanyCompany, after working technology for electric vehicles. The (Bang Pakong) in Chon Buri. The together for 16 years, have agreed to goal of the partnership is to mutually company will initially shift production of end their JV. Accordingly, Honda Motor develop, produce and market lithium- some products from Japan to the plant, has purchased all of the shares that ion battery systems for cars.
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