BMW Rolls Forward with China Strategy in 2020
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Pwc China Automobile Industry M&A Review and Outlook
Epidemic Prevention and Response to COVID-19 in the Automobile Industry Series Issue 2 — PwC China Automobile industry M&A Review and Outlook The epidemic has prompted many practitioners and managers in the industry to re-examine and plan for the medium-and long-term development of auto industry, accelerating industry transformation and upgrade. PwC auto team emphasizes on the following aspect of tax & legal, M&A and telematics system to analyze the related solutions. In this article, we mainly focus on the M&A aspect, hoping to give some inspirational idea to the practitioners in the industry. China’s automobile industry has developed rapidly in the opportunities. Moreover, an increasing number of companies past decade. Benefiting from “bringing in” and “going out” with advanced technology and capital will continue entering policy, both domestic and foreign OEMs have successfully into the market which fuels more M&A activities in the realized high growth through a series of mergers and automobile industry. acquisitions (M&A). Since 2018, the development of China In this article, we will analyze the automobile industry from automobile market has been slowing down, and the “CASE” four aspects: review of China’s auto industry M&A deals, trend has been having impact on OEMs. As new businesses main deal drivers and changes of auto industry, the future models are emerging, it has also led to blurring of M&A trend, and key initiatives in response to market boundaries between industries. Auto companies have been changes. actively using M&A deals to transform the automobile industry. At the beginning of 2020, the coronavirus outbreak severely impacted the supply chain of automobile industry, thus resulted in demands for business restructuring and transformation. -
Automotive Industry Weekly Digest
Automotive Industry Weekly Digest 25-29 January 2021 IHS Markit Automotive Industry Weekly Digest - Jan 2021 WeChat Auto VIP Contents [OEM Highlights] Great Wall to reshape brand image with new models 3 [OEM Highlights] VW begins sales of ID.4 CROZZ in China 4 [Sales Highlights] Chinese new vehicle sales contract 2% during 2020; demand rebound expected in 2021 6 [Sales Highlights] VW Group reports sales decline of 9.1% in China during 2020 8 [Technology and Mobility Highlights] Huawei develops smart roads in Wuxi that communicate with driverless vehicles 10 [Technology and Mobility Highlights] Geely teams up with Tencent to develop smart car technologies 10 [Supplier Trends and Highlights] DENSO collaborate with AEVA to develop next-generation FMCW lidar system 12 [Supplier Trends and Highlights] Freudenberg Sealing Technologies develops new DIAvent valves for safer lithium-ion batteries 12 [GSP] India/Pakistan Sales and Production Commentary -2020.12 14 [VIP ASSET] Stellantis: Scale Creates Opportunity 16 [VIP ASSET] Stellantis expects scale to support strong brand stable, investment into new tech 17 Confidential. ©2021 IHS Markit. All rights reserved. 2 IHS Markit Automotive Industry Weekly Digest - Jan 2021 WeChat Auto VIP [OEM Highlights] Great Wall to reshape brand image with new models IHS Markit perspective Implications Great Wall has delivered satisfactory sales results during 2020 despite the disruption from the coronavirus disease 2019 (COVID-19) pandemic. The automaker's sales rose by 5% to more than 1.11 million vehicles during 2020 on the back of strong demand for its new models, including the Haval H6 and the Pao pickup. The sales volumes of 1.11 million units exceeded the company’s target set for the year, which was 1.02 million units. -
2016 Environmental, Social and Governance Report
(于中华人民共和国注册成立的股份有限公司) 2016 Environmental, Social and Governance Report Stock code: 1958 *For identification purpose only Notes on Report Scope and Definitions of Report When presenting the issues relating to the environmental, social and governance (ESG) performance of BAIC Motor Corporation Ltd. (the Company), this Report will observe relevant policies, concepts and objectives of the Company at the group level as the guide, and describe concrete implementation and performance records of the Company and its subsidiaries. In this Report, the following terms shall have the following meanings: “The Company”, “Company” and “BAIC Motor” refer to BAIC Motor Corporation Ltd.; “The Group” or “We” refers to the Company and its subsidiaries. Other terms and definitions: please refer to the 2016 Annual Report of the Company, unless otherwise specified. Publishing Cycle This Report is the first set of environmental, social and governance (ESG) report published by the Company which covers the period from January 1, 2016 to December 31, 2016. Some contents may go beyond the aforesaid period. Principle for Compilation This Report is compiled in accordance with the Environmental, Social and Governance Reporting Guide issued by the Hong Kong Exchanges and Clearing Limited (HKEX or the stock Exchange of Hong Kong), the Sustainability Reporting Guidelines issued by the Global Reporting Initiative (GRI) and other standards. Notes on Data Some financial data in this Report come from the 2016 Annual Report, and given any conflict with the data in the 2016 Annual Report, the latter shall prevail. Other data mainly come from internal statistical data of the Group. All the monetary amounts in this Report are denominated in Renminbi (RMB), unless otherwise specified. -
北京汽車股份有限公司 BAIC MOTOR CORPORATION LIMITED* (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 1958)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 北京汽車股份有限公司 BAIC MOTOR CORPORATION LIMITED* (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1958) CONNECTED TRANSACTION IN RELATION TO THE CAPITAL INCREASE TO NATIONAL INNOVATION CENTER The Board announces that on 24 December 2019, the Company, as one of the New Shareholders, entered into the Capital Increase Agreement with the Existing Shareholders of National Innovation Center (including BAIC Group, BJEV and three other shareholders who are independent third parties), other New Shareholders (including Foton Motor, Hainachuan Automotive and four other shareholders who are independent third parties) and National Innovation Center, in relation to additional capital contributions to National Innovation Center. Pursuant to the Capital Increase Agreement, the Company, Foton Motor, Hainachuan Automotive and other New Shareholders will subscribe for the additional registered capital of National Innovation Center in an aggregate amount of RMB243,883,492, at a total consideration of RMB251,199,996.76, of which the Company, Foton Motor and Hainachuan Automotive will subscribe for RMB48,543,689, RMB48,543,689 and RMB29,126,213 at a consideration of RMB49,999,999.67, RMB49,999,999.67 and RMB29,999,999.39 respectively. Upon completion of the Capital Increase, the registered capital of National Innovation Center will increase from RMB160,000,000 to RMB403,883,492, 12.02%, 12.02% and 7.21% of which will be held by the Company, Foton Motor and Hainachuan Automotive. -
Article No.12
Originally published on LinkedIn on 11th November 2020: https://www.linkedin.com/pulse/chinese- customer-premiumization-budgetization-product-dr-jan-burgard/ Dr. Jan Burgard Executive Partner; Co-Founder at Berylls Strategy Advisors 4 successful brand strategies for the Chinese automotive market in 2020 and 2021 Chinese OEMs and to a lesser extent Western brands are introducing a number of new upscale/premium and budget brands • Volume brands are pressured to opt for premium and/or budget strategies because markets drift apart • The budget strategy requires superior cost structure and the premium strategy means an uneasy uphill battle which quite a few players may fail. The world of gasoline vehicles is difficult to penetrate while NEVs offer vastly more new chances • Berylls has identified 4 key success factors for any OEM to successfully set up its own new premium or budget brand Market drifts apart Our “CUSTOMER BEHAVIOR IN THE FACE OF COVID-19” study has revealed some interesting findings. It shows that a large portion of Chinese consumers are planning to buy a premium vehicle despite the COVID-19 pandemic. BERYLLS STRATEGY ADVISORS GmbH CONTACT www.berylls.com Dr. Jan Burgard T +49 89 710 410 40-0 [email protected] Maximilianstraße 34 [email protected] 80539 Munich On the other hand, market share of local Chinese brands has been constantly increasing up until 2018. Chinese local brands are mostly volume/budget brands. It seems, the market is drifting apart. New brands change the landscape Just a few years ago the Chinese automotive landscape was clear. There were basically 4 types of players. -
Annual Report 2015 *For Identification Purpose Only Senova Concept Offspace BAIC MOTOR CORPORATION LIMITED Annual Report 2015 Contents
* (A joint stock company incorporated in the People’s Republic of China with limited liability) Stock code: 1958 Annual Report 2015 *For identification purpose only Senova Concept OffSpace BAIC MOTOR CORPORATION LIMITED ANNUAL REPORT 2015 Contents 2 Corporate Information 3 Chairman’s Statement 5 President’s Statement 7 Summary of Financial Information 9 Company Profile 18 Management Discussion and Analysis 26 Report of the Board of Directors 42 Report of the Board of Supervisors 44 Corporate Governance Report 57 Directors, Supervisors and Senior Management 66 Human Resources 67 Independent Auditor’s Report 69 Consolidated Balance Sheet 71 Consolidated Statement of Comprehensive Income 72 Consolidated Statement of Changes in Equity 74 Consolidated Statement of Cash Flows 76 Notes to the Consolidated Financial Statements 146 Definitions BAIC MOTOR CORPORATION LIMITED ANNUAL REPORT 2015 CORPORATE INFORMATION LEGAL NAME OF THE COMPANY AUDITOR (EXTERNAL AUDIT FIRM) 北京汽車股份有限公司 PricewaterhouseCoopers ENGLISH NAME OF THE COMPANY Certified Public Accountants BAIC Motor Corporation Limited 22/F Prince’s Building, Central, Hong Kong REGISTERED OFFICE PricewaterhouseCoopers Zhong Tian LLP The fifth Building, Block 25 Shuntong Road, Shunyi District, 11/F, PricewaterhouseCoopers Center, Beijing 101300, China No. 202 Hu Bin Road, Shanghai, China HEADQUARTERS No. 99 Shuanghe Street, Renhe Town, Shunyi District, COMPLIANCE ADVISOR Beijing 101300, China Shenwan Hongyuan Capital (H.K.) Limited PRINCIPAL PLACE OF BUSINESS IN HONG KONG Level 19, 28 Hennessy Road, Hong Kong 36/F, Tower Two, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong EXTERNAL COMPANY SECRETARY AUTHORIZED REPRESENTATIVES KCS Hong Kong Limited 36/F, Tower Two, Times Square, 1 Matheson Street, Causeway Bay, Mr. -
北京汽車股份有限公司 Baic Motor Corporation Limited*
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 北京汽車股份有限公司 BAIC MOTOR CORPORATION LIMITED* (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1958) ANNOUNCEMENT POLL RESULTS OF 2021 FIRST EXTRAORDINARY GENERAL MEETING APPOINTMENT OF THE DIRECTORS, CHAIRMAN AND PRESIDENT APPOINTMENT OF MEMBERS OF SPECIAL COMMITTEES OF THE BOARD APPOINTMENT OF SUPERVISORS BAIC Motor Corporation Limited (the “Company”) is pleased to announce that the 2021 first extraordinary general meeting (the “2021 First EGM”) was held at Multi-purpose Hall, 1st Floor, the South Tower of Beijing Automotive Industry Research and Development Base, No. 99 Shuanghe Street, Shunyi District, Beijing, the PRC at 9:30 a.m. on Wednesday, March 24, 2021. Reference is made to the Company’s circular dated February 5, 2021 and the supplemental circular dated March 10, 2021 (hereinafter collectively referred to as the “Circulars”). Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those defined in the Circulars. As at the date of the 2021 First EGM, the total number of issued Shares of the Company was 8,015,338,182, comprising 5,494,647,500 Domestic Shares and 2,520,690,682 H Shares, being the total number of Shares entitling the Shareholders to attend and vote on the resolutions proposed at the 2021 First EGM. -
Disgnostic List SERVICE RESET V7.90
Disgnostic List SERVICE RESET_v7.90 Remark: 1.√: means that the system has this function 2. -: means that the system doesn't have this function 3. Compared with the last version, the new added function is marked in red font Function Menu Automatic reset Manual reset Remark (Other Functions) Demo mode VW √ -- Chinese CHERY H3 series, Eastar, FY2, Tiggo 3 √ √ Chinese CHERY Tiggo, A3, A5, Cowin 3, G2, E5 √ √ Chinese CHERY G3, V5 series, H5 series, X5 series √ √ Chinese CHERY E3, New Eastar, new QQ, Tiggo 5, ARRIZO 3, ARRIZO M7 √ -- Chinese CHERY Eastar/Cowin 5, MC22 √ -- Chinese Transit JMC Transit √ √ Chinese MG MG3, MG5, MG7, MG7 (type 2), MG3 ZERO √ -- Chinese MG MG6, MG6 EU √ -- Chinese MG New MG3/GS √ -- Chinese MG MG7-L √ -- Chinese MG MGTF √ -- Chinese MG AP12, AP13 √ -- Chinese BAIC C70G, E series, C50E, C65X, D70, X65 √ -- Chinese BAIC D50 √ -- Chinese BAIC C60F √ -- Chinese BAIC BJ20 √ -- Chinese BAIC BJEV BAIC-WW 307 √ -- Chinese BAIC BJEV BAIC-WW 308EV √ -- Chinese BAIC BJEV EV150 economy type √ -- Chinese BAIC BJEV EV160 √ -- Chinese BAIC BJEV EV200 √ -- Chinese BAIC BJEV EV200/EV1600 √ -- Page 1 Disgnostic List SERVICE RESET_v7.90 Remark: 1.√: means that the system has this function 2. -: means that the system doesn't have this function 3. Compared with the last version, the new added function is marked in red font Function Menu Automatic reset Manual reset Remark (Other Functions) Chinese BAIC BJEV EU220 √ -- Chinese BAIC BJEV EU260 √ -- Chinese BAIC BJEV EH300 √ -- Chinese BAIC BJEV ARCFOX-1 √ -- Chinese SUZUKI New Aotuo, -
China Annex VI
Annex I. Relations Between Foreign and Chinese Automobile Manufacturers Annex II. Brands Produced by the Main Chinese Manufacturers Annex III. SWOT Analysis of Each of the Ten Main Players Annex IV. Overview of the Location of the Production Centers/Offices of the Main Chinese Players Annex V. Overview of the Main Auto Export/Import Ports in China Annex VI. An Atlas of Pollution: The World in Carbon Dioxide Emissions Annex VII. Green Energy Vehicles Annex VIII. Further Analysis in the EV vehicles Annex IX. Shifts Towards E-mobility Annex I. Relations Between Foreign and Chinese Automobile Manufacturers. 100% FIAT 50% Mitsubishi Guangzhou IVECO 50% Beijing Motors 50% Hyundai 50% GAC Guangzhou FIAT GAC VOLVO 91.94% Mitsubishi 50% 50% 50% 50% 50% (AB Group) Guangzhou BBAC 50% Hino Hino Dongfeng DCD Yuan Beiqi 50% 50% NAVECO Invest Dongfeng NAC Yuejin 50% Cumins Wuyang 50% Guangzhou GAC Motor Honda 50% Yuejin Beiqi Foton Toyota 50% Cumins DET 50% 55.6% 10% 20% 50% Beiqi DYK 100% Guangzhou Group Motors 50% 70% Daimler Toyota 30% 25% 50% 65% Yanfeng SDS shanghai 4.25% 100% 49% Engine Honda sunwin bus 65% 25% visteon Holdings Auto 50% (China) UAES NAC Guangzhou 50% Beilu Beijing 34% Denway Automotive 50% Foton 51% 39% motorl Guangzhou 50% Shanghai Beiqi Foton Daimler 100% 30% 50% VW BAIC Honda Kolben 50% 90% Zhonglong 50% Transmission 50% DCVC schmitt Daimler Invest 100% 10% Guangzhou piston 49% DFM 53% Invest Guangzhou Isuzu Bus 100% Denway Beiqi 33.3% Bus GTE GTMC Manafacture xingfu motor 50% 20% SAIC SALES 100% 20% 100% 100% DFMC 100% Shanghai -
Mobile Computers on Wheels That Can't Crash
BUSINESS CHINA DAILY HONG KONG EDITION Monday, May 31, 2021 Mobile computers on wheels that can’t crash Tech giants zoom into carmakers’ ring as digital era sinks roots deeper By LI FUSHENG [email protected] From Huawei to Xiaomi, China’s largest technology companies are swarming into the electric car busi- ness. Conviction among them is grow- ing that their tech expertise will prove instrumental in unlocking the vast potential of the e-car sector against a global backdrop of vehi- cles virtually becoming computers on wheels. Tech firms’ influx into the e-car sector is thus further heating up the already red-hot market where tradi- tional auto giants such as Volkswag- en as well as startups such as Tesla and China’s Nio are locked in fierce competition. Globally, e-cars are changing the auto industry that had stayed basi- cally unchanged since German engi- neer Karl Benz invented the vehicle in 1885. Now even affordable e-cars can greet the drivers when they get in, take their voice commands and even alert them when they get sleepy. Many can have their software updated wirelessly, and some e-cars can park themselves when drivers alight and return later to pick them up at a tap on the phone screen. It is these new features that have enticed the internet and technology companies to jump on the e-car bandwagon in the hope of picking their slice of the pie in return for their expertise in computing abili- Visitors check the smart electric Arcfox Alpha-S HI sedan at the Shanghai auto show on April 19. -
The Impact of China's Indigenous Innovation Strategy on The
Politecnico di Torino Porto Institutional Repository [Doctoral thesis] The impact of China’s Indigenous innovation strategy on the innovation behaviour of automobile enterprises in China Original Citation: Guangjie Liu (2014). The impact of China’s Indigenous innovation strategy on the innovation behaviour of automobile enterprises in China. PhD thesis Availability: This version is available at : http://porto.polito.it/2530287/ since: February 2014 Published version: DOI:10.6092/polito/porto/2530287 Terms of use: This article is made available under terms and conditions applicable to Open Access Policy Arti- cle ("Creative Commons: Attribution 3.0") , as described at http://porto.polito.it/terms_and_ conditions.html Porto, the institutional repository of the Politecnico di Torino, is provided by the University Library and the IT-Services. The aim is to enable open access to all the world. Please share with us how this access benefits you. Your story matters. (Article begins on next page) POLITECNICO DI TORINO Dipartimento di Ingegneria Gestionale e della Produzione Doctoral Thesis The impact of China’s Indigenous innovation strategy on the innovation behaviour of automobile enterprises in China Ph.D Candidate Guangjie Liu Tutor: Prof. Mario. Calderini Coordinator: Prof. Luca. Settineri Abstract China’s indigenous innovation strategy is a government-led innovation strategy in the term of pushing forward the technology development both in the state-owned enterprises and in the private enterprises. It was codified in the “Medium- and Long-Term National Science and Technology development Plan (2006-2020)” which was officially announced in 2006. There are several policy tools as the support to the indigenous innovation strategy. -
BAIC BJEV Profile
BAIC BJEV Profile BAIC BJEV Jan. 2017 1、BAIC BJEV Overview 2、Business Model Innovation 3、National and local new energy policies 2 0 1 BAIC BJEV Profile 3 1 1.1DEVELOPMENT OF BJEV BAIC Group, which was founded in 1958, cultivates BJEV as a key element of strategic business Establishment: On Nov.14, 2009, BAIC BJEV and Beijing New Energy Automotive Technology Industrial Park were listed and established in Caiyu, Daxing Restructuring: On Mar. 21, 2014,the first shareholding new energy automotive enterprise in China was organized to be established with registered capital RMB 2 billion, with 3000 employees by end of 2016. 4 1 1.1DEVELOPMENT OF BJEV BAIC BJEV has become a leading enterprise which focuses on research, development and production of PEV in China 2013-2016:Sales volume of PEVs of BAIC had ranked the first in China for consecutive three years ; 2016: Full enhancement was fulfilled in various business indexes of the Company, which continued to lead the whole industry Sales volume & Growth rate Market share in Chinese PEV market 50000 51009 30% 25% 40000 153% 26% 20% 25% 30000 20129 15% 19% 20000 268% 236% 10% 10000 5464 5% 1628 0 0% 2013 2014 2015 2016 2014 2015 2016 sales volume market share 5 1 1.2PRODUCTS Form “Dream Team” of new-energy automobile products In 2011,the first group of 350 E150EVs of the Company came into being, became the first group of PEVs in China. In 2012,the Company took the lead in launching M307 EVs and became diversified commercial mode pioneer.