Global Automotive Deals Insights: Year-End 2017

Total Page:16

File Type:pdf, Size:1020Kb

Global Automotive Deals Insights: Year-End 2017 PwC Deals Global Automotive Deals Insights Year-End 2017 In the driver’s seat: Automotive M&A pushes forward in 2017 Executive summary Global Automotive M&A activity was strong in 2017. Automotive “Investments in connected, M&A deal value is up 29.9% to $53.2 billion. Volume is up 2.6% autonomous, and electrification made to 598 deals, and the average disclosed deal size increased 31.9% to $278.6 million. headlines and drove Automotive M&A The increase in value and average deal size is primarily driven activity in 2017. Despite the risk by two megadeals in 2017 compared to zero in 2016. The two associated with these Auto-Tech megadeals were in Auto-Tech segment accounting for $23.3 investments, this trend will continue to billion of deal value, or 43.9% of all disclosed deal value in 2017. drive deal value in 2018.” We define Auto-Tech as investments in connectivity, autonomous, electrification, ride-sharing and the software, sensors, intellectual property and other components that support these trends. Auto-Tech deal value increased more Jeff Zaleski than fivefold from $5.3 billion in 2016 to $26.7 billion in 2017, Partner, US Automotive primarily due to both megadeals in 2017 being Auto-Tech Deals Leader related. Auto-Tech deal volume was up 28.0%, from 50 deals in PwC 2016 to 64 deals in 2017. US acquirers spent $23.6 billion in 2017, or 44.4% of disclosed deal value. With recent tax reform in the U.S. and the expected repatriation of cash, we expect US acquires to drive M&A activity in 2018. Trends and highlights • Volume growth in 2017 was driven by the Others sub- Global Automotive M&A deals by disclosed value sector while all value growth was driven by the 2011 - 2017 Component Supplier sub-sector. 250 1 450 ) $388 alue • Consolidation within the aftermarket and dealership 400 mn v 1 - ($ segments is racing alongside Component Supplier 200 2 2 350 eal 64 d 4 segment driving M&A volume. Dealerships accounted 40 - $279 300 150 41 56 55 for 26.4% of the total automotive activity, and 12.7% 250 value eal 37 40 d of activity related to transactions in the aftermarket disclosed 200 100 segment. Increased deal volume in the Others sub- of $214 $211 $186 150 sector was driven by aftermarket and dealer $161 isclosed $141 100 consolidation. 50 volume 50 176 147 117 138 116 138 134 • Value growth was driven by Component Suppliers, as deal Deal - - d Average value more than doubled to $40.7 billion in 2017. 2011 2012 2013 2014 2015 2016 2017 • Both megadeals transacted in 2017, and 60% of the <100 mn 100 mn - 5 bn > 5 bn Average deal size (R-Axis) top 10 deals, targeted Component Suppliers. Source: Thomson Reuters Highlights of 2017 deal activity M&A market activity improves Global Automotive M&A deal volume and value 2011 - 2017 Deal value and volume in 2017 outpaced 2016, with M&A 70 700 598 activity reaching the highest level since 2007 (604 deals). 594 591 583 ) 60 543 600 Total 2017 transaction value of $53.2 billion is up 29.9% bn 490 ($ 465 from 2016, while 598 deals were closed in 2017, up 2.6%. 50 500 The Component Supplier sub-sector continues to drive 40 400 volume M&A value growth while dealership and aftermarket value eal 30 300 Deal consolidation is fueling growth in M&A volume. 20 200 Local deals continue to be attractive and make up a large share of the deal volume, however, a majority of deal d Disclosed 10 100 value is attributable to cross border Auto-Tech deals. $44.9 $30.2 $21.7 $38.7 $62.1 $41.0 $53.2 - - 2011 2012 2013 2014 2015 2016 2017 Disclosed deal value Deal volume (R-Axis) Source: Thomson Reuters Largest Megadeals transaction $15.3B ($5B and over) 2 mega-deals Intel’s $15.3 billion acquisition There were two transactions of MobileEye – an advanced in 2017 exceeding $5 billion driver-assistance system (compared to zero in 2016 providing warnings for collision and four in 2015), making up prevention and mitigation, 43.9% of total disclosed deal accounted for 28.8% of total value. Both megadeals in disclosed deal value in 2017. 2017 were Auto-Tech related. Automotive assembly According to PwC Autofacts, the industry is expected to add 20.4 million units of production between 2017 and 2024 for a compounded annual growth rate (CAGR) of 2.8%. The majority of this growth stems from China with a contribution to growth (CTG) rate of nearly 43% (or 8.7 million units), followed by India with a CTG rate of nearly 12% (or 2.4 million units). Global light vehicle assembly outlook 2004 - 2024 120 900 110 800 100 90 700 (millions) 584 594 604 594 591 583 598 80 549 520 543 600 515 532 70 490 volume 465 500 volumes 60 50 400 Deal 40 300 Assembly 30 58 63 65 69 66 58 72 75 80 84 86 88 93 94 98 103 107 109 111 113 114 20 200 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Global light vehicle assembly outlook Automotive M&A deal volume Source: PwC Autofacts 2018, Q1 Release PwC Deals Global Automotive Deals Insights Year-End 2017 2 Highlights of 2017 deal activity (cont.) Transaction multiples Transaction multiples (median) 2015 - 2017 Disclosed transaction multiples for the automotive industry varied in 2017. The implied EV/EBITDA 1.5x 11.5x 12.0x multiples for automotive transactions announced increased from 8.2x in 2016 to 9.6x in 2017, respectively. 11.0x Additionally, the implied EV/Revenue multiples for 1.0x 9.6x 10.0x automotive transactions announced stayed relatively Revenue consistent, dropping slightly from 1.2x to 1.1x in 2017, 8.2x 9.0x EV / EV 0.5x EBITDA / EV respectively. 8.0x Multiples are not available for all deals and historically 1.4x 1.2x 1.1x 0.0x 7.0x may get revised as subsequent information becomes 2015 2016 2017 available. Although reported EBITDA multiples are higher for 2017, as more information becomes available, we EV / Revenue EV / EBITDA believe valuation multiples were flat to declining in 2017. Source: Capital IQ Venture capital activity Global venture capital deal volume and value for all industries increased in 2017 by 10.5% and 49.5%, respectively. With 11,042 deals completed worth $164.4 billion, 2017 was a record-setting year for venture capital. While the Auto-Tech sector is only a small portion of global venture capital, venture capitalists are showing interest in investing in early stage enterprises focused on artificial intelligence, software, and other technologies in and around the mobility eco-system. Two Auto-Tech areas are receiving noteworthy capital from investors: • On-demand transportation applications – Received over $2.5 billion in venture capital funding in 2017 for the fourth consecutive year. Lyft raised approximately $1.5 billion in 4Q17 alone, evidencing increased interest in ride sharing and autonomous vehicle programs. • Electric and autonomous vehicles – The most notable recipient of venture capital funds this year is NIO, a Shanghai-based start-up focusing on designing and developing autonomous and premium electric vehicles, that raised $1 billion in 4Q17. Along with Component Suppliers and vehicle manufacturers, venture capitalists are also focusing on alternative powertrains that will drive the future of the automotive industry. The car of the future will be electrified, autonomous, shared, and connected. Venture capitalists will continue to play an integral role of reshaping the automotive industry by injecting cash in early stage technologies and business models. Source: CB Insights MoneyTree Report Auto-Tech trends 2017 Auto-Tech deal volume (64 deals) Significant investments are being made in alternative powertrains, autonomous vehicles, ride sharing/mobility services, and online vehicle dealerships/trading Tech acquiring tech platforms. Not only are traditional automotive companies 41% acquiring tech companies, tech companies are acquiring Tech acquiring non-tech 53% traditional automotive companies and other Auto-Tech Non-tech acquiring tech focused companies. Deal value increased over fivefold from $5.3 billion in 6% 2016 to $26.7 billion in 2017, as both megadeals in 2017 were Auto-Tech related. Deal volume increased 28%, from 50 deals in 2016 to 64 deals in 2017, primarily 2017 Auto-Tech deal volume by sub-category (64 deals) driven by Component Supplier activity. In 2017, the main focus in Auto-Tech were driver assistance technologies 11% Alternative powertrains and alternative powertrains, which includes lithium ion 3% Connected car battery manufacturing. In Asia, alternative powertrain 8% companies were attractive assets in auto-tech, 42% Autonomous vehicles comprising 16 deals. The US, Europe, and ROW regions 11% Online dealerships/trading were the most targeted regions for driver assistance technologies. Ride sharing Other Trade buyers dominated Auto-Tech deal activity, 25% transacting 84.4% of Auto-Tech deals, compared to 15.6% of deals transacted by financial buyers. Source: Thomson Reuters PwC Deals Global Automotive Deals Insights Year-End 2017 3 Sub-sector highlights and outlook Sub-sectors highlights While differences within the sub-sectors exist, each continues to see trends around expansion of technologies, consolidation, and expansion in emerging markets. Component Suppliers Component Suppliers M&A activity 2011 - 2017 The Component Suppliers category includes companies who sell 45 350 products to be used in the manufacturing of vehicles. With deal value of $40.7 billion, the strong performance of Component Suppliers 40 303 300 marks an all-time high, compared to the last 15 years.
Recommended publications
  • The 18Th Session China Internationl Industry Fair 2016.11.1-5 国家会展中心(上海) National Exhibition and Convention Center (Shanghai)
    The 18th session China Internationl Industry Fair 2016.11.1-5 国家会展中心(上海) National Exhibition and Convention Center (Shanghai) NEW ENERGY AUTO SHOW www.ciif-expo.com 组织机构 / ORGANIZING STRUCTURE 简介/ABOUT CIIF 中国国际工业博览会(简称“中国工博会”)是由工业和信息化部、国家发展和改革委员会、商务部、科学技术 主办单位 部、中国科学院、中国工程院、中国国际贸易促进委员会、联合国工业发展组织和上海市人民政府共同主办、中国机 械工业联合会协办、上海东浩兰生国际服务贸易(集团)有限公司承办的以装备制造业为展示交易主体的国际工业 工业和信息化部 国家发展和改革委员会 展,每年11月第一周的星期二至星期六在上海举办。 商务部 科学技术部 中国工博会自1999年创办以来,历经十七年发展创新,通过专业化、市场化、国际化、品牌化运作,已发展成 中国科学院 中国工程院 为通过国际展览联盟UFI认证、中国装备制造业最具影响力的国际工业品牌展,是我国工业领域面向世界的一个重要 中国国际贸易促进委员会 联合国工业发展组织 窗口和经贸交流合作平台。 上海市人民政府 第十八届中国国际工业博览会将于2016年11月1日至5日在国家会展中心(上海)举行,设8大专业展,规划面积 23万平方米,预期超过2200家展商参展,逾12万中外专业观众参观。 协办单位 China International Industry Fair, or CIIF, is jointly organized by seven Chinese Ministries, United Nations Industrial Development 中国机械工业联合会 Organization and Shanghai Municipal People’s Government, co-organized by China Machinery Industry Federation and managed by 承办单位 Shanghai East Best & Lansheng International (Group) Co., Ltd. CIIF, a leading event on equipment manufacturing in China, is staged from the rst Tuesday to Saturday in November annually in Shanghai. 上海东浩兰生国际服务贸易(集团)有限公司 Since CIIF‘s launch in 1999, CIIF has become one of the most inuential international industry brand exhibition in China, through ORGANIZERS implementing “professionalization, marketization, internationalization and branding” as its strategies for over 17 years. CIIF, an UFI Ministry of Industry and Information Technology National Development and Reform Commission approved event, is a leading event
    [Show full text]
  • DEVELOPMENT of an ELECTRIC BUS PROTOTYPE USING LITHIUM-ION BATTERY for THAILAND Suchart Punpaisarn
    DEVELOPMENT OF AN ELECTRIC BUS PROTOTYPE USING LITHIUM-ION BATTERY FOR THAILAND Suchart Punpaisarn A Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of Doctor Philosophy in Electrical Engineering Suranaree University of Technology Academic Year 2018 การพัฒนาต้นแบบรถโดยสารไฟฟ้าที่ใช้แบตเตอรี่ลิเธียมไอออน ส าหรับประเทศไทย นายสุชาต ิ พนั ธ์ุไพศาล วทิ ยานิพนธ์นีเ้ ป็ นส่วนหนึ่งของการศึกษาตามหลกั สูตรปริญญาวศิ วกรรมศาสตรดุษฎีบัณฑิต สาขาวิชาวิศวกรรมไฟฟ้า มหาวทิ ยาลัยเทคโนโลยสี ุรนารี ปีการศึกษา 256 IV ACKNOWLEDGEMENTS This thesis has been made possible through the generosity of several people in various ways. I would like to express my deepest gratitude to my advisor, Assoc. Prof. Dr. Thanatchai Kulworawanichpong for his support, enlightening guidance, inspiration and encouragement throughout the course of this study. Through their supervision, I have learned a lot especially how to be more prudent, selective, reasonable, and critical decision. Their valuable feedback, comments, and suggestions have always been a source of guidance for my improvement in work. I would like to acknowledge financial support from Research and Researchers for Industries of Thailand (Grant ID: PHD5710004) during the period of study. It is my pleasure to express my sincere gratitude to Mr. Christof Dardel and Mr. Peter Baumann at DRIVETEK AG, Switzerland who supported and advised when I did research about the electric bus in Switzerland. He provided the knowledge, technology theory about electric bus. His valuable new technology suggestions has always been a source of guidance for me to improve my knowledge. My sincere appreciation is extended to the committee members of both the proposal and thesis defense for their useful comments and suggestions who served many insightful and useful comments upon the success of this work.
    [Show full text]
  • New Energy Sector Grows in Value
    Tuesday 28 November 2017 JIADING • Flower show is picture perfect Visitors take pictures at a chrysanthemum exhibition launched in Jiading’s Huilongtan Park. It showcases more than 600 pots of chrysanthemum of various species. Activities include bonsai show placed by professionals and residents and a flower arrangement display. More than 30 pieces of bonsai from Jiading Bonsai Association are on display. — Qin Yichao New energy sector grows in value Wang Anqi and Tom Qian a series of incentive policies become a supplier of LED head- than the same period last year. on the industry, and technical lamps to carmaker Roewe on its Shenzhen-based Clou Elec- he output value of new upgrading and transformation E950 series. tronics, which develops new energy vehicles and intelligent automobile play key roles for companies, an Shanghai Suo Li Technology energy products, bought shares industry reached 5.27 industry insider said. Co Lid, a lithium battery sup- in Shanghai Car Ena, a pioneer T Shanghai Koito Automotive plier at Jiangqiao, adopted new of ternary battery manufacture billion yuan (US$79.85 million) in the first nine months of the Lamp Co is a traditional auto- diaphragm materials and produc- in China. By the end of next year in Jiading, according to Ji- motive lighting producer based tion methods, solving potential year, its batteries are expected ading’s statistics authority. in Jiading. By end of last year, safety hazards in lithium cobalt to be used in 400,000 cars. Its That’s more than double that the company had applied 836 oxides and lithium manganite. partners include SAIC-GM-Wul- of the same period last year’s patents, including two in the In the first three quarters, it ing Automobile, JMEV, Shanghai 2.06 billion yuan.
    [Show full text]
  • Launch India Hyderabad
    LAUNCH INDIA Create Change HYDERABAD Launch x-431pro 3 HD Product Description: The X-431 PRO3 is a, drop-tested Android based scan tool tablet with a 10.1 inch high resolution IPS touch screen (1280 x 800). The new tool is the fast and boasts award winning software giving vast vehicle coverage, powerful special test functions, extremely fast live data and graphing (12 graphs per page), along with module coding capabilities. Full system diagnosis is through a new more powerful Class-1 Bluetooth 4.0 connector offering a wired OBD II experience in a wireless device. The new X-431 PRO3 has Remote Diagnostics capability and comes with a complete set of adapters and connectors in a hard sided case. Address: 5B, Extension, first floor, APIIC, IE, Prashanthi nagar, kukatpally, Hyderabad-500072 Visit: www.launchindia.in Contact: +91-9100903795 LAUNCH INDIA Create Change FEATURES: Featuring the latest Lenovo Tablet and MKT 4 core processor running an open Android™ operating system (5.1.1) OE-level access to Asian, European and Domestic applications for module coding, resets, relearns &amp; bi-directional capabilities. 12 graphs of live data per page Code Search: Auto searches Google with DTC and related info Install third-party apps and software Auto-ID all available vehicle systems and modules Class-1 Bluetooth® 4.0 connector for a wired OBD II experience in a wireless device Built-in Vehicle Maintenance and Repair Database High-resolution camera with still and video capabilities (5MP Rear 2MP Front) 10.1″ High resolution(1280 x 800)
    [Show full text]
  • China Commercial Vehicle Outlook
    ACT Research Co., LLC || www.actresearch.net COMMERCIAL VEHICLES || FORECAST CHINA COMMERCIAL VEHICLE OUTLOOK 20 2019 LAWRENCE R. KLEIN BLUE CHIP AWARD WINNER FORECAST Contributor to Blue Chip Economic Indicators and WSJ Economic Forecast Panel 20 ACT China Commercial Vehicle OUTLOOK is published quarterly by Americas Commercial Transportation Research Company, LLC. (ACT). 4440 Middle Road, Columbus, IN 47203. Phone: 812.379.2085, Fax: 812.378.5997, email: [email protected]. Copyright 2020 by ACT with all rights reserved. Reproduction, copying, or publication of this report in whole or part is not permitted without prior approval. This document is for internal use only. Questions and subscription requests should be directed to K.W. Vieth, Publisher. SAMPLE REPORT OVERVIEW: Thank you for your interest in ACT Research and our work. The objective of this sample report is to share an understanding of the market, economy, and insight to analysis at the time of publication. We share this report from 2017 for market context, assessment of our forecast, its accuracy and its methods. China Commercial Vehicle OUTLOOK This is a quarterly report that reviews the macroeconomics of the Chinese economy, as well as deep dive into the transportation environment and industrial policies impact the Chinese commercial vehicle industry. With this report, you will receive: Macroeconomic analysis – current data and forecasts Transport environment & industrial policies Analysis of current MD and HD truck markets Vehicle forecasts (by quarter for the current
    [Show full text]
  • China Commercial Vehicle OUTLOOK
    China State Information Center ACT Research Co., LLC • www.actresearch.net COMMERCIAL VEHICLES Forecast China Commercial Vehicle OUTLOOK Q3 2017 Contributor to Blue Chip Economic Indicators and WSJ Economic Forecast Panel The China Commercial Vehicle OUTLOOK is published quarterly by Americas Commercial Transportation Research Company, LLC (ACT), 4400 Ray Boll Blvd., Columbus, IN 47203. Phone: 812-379-2085, Fax: 812-378-5997, e-mail: [email protected] Copyright 2017 by ACT with all rights reserved. Reproduction, copying, or publication of this report in whole or part is not permitted without prior approval. This document is for internal use only. Questions and subscription requests should be directed to K.W. Vieth, Publisher. TABLE OF CONTENTS Page(s) Report Highlights ............................................................................................................................................................. 1 Preface: China Market Changes and Exchange Rate ...................................................................................................2 Macroeconomic Analysis .......................................................................................................................................... 3-10 Economic Overview Short-term Forecast Macroeconomic Analysis to 2021 Transport Environment & Industrial Policies ........................................................................................................ 11-19 Market Environment Industry Policies Commercial Truck & Bus Market Performance
    [Show full text]
  • Race to Zero: How Manufacturers Are Positioned for Zero-Emission Commercial Trucks and Buses in North America
    JULY 2021 RACE TO ZERO How manufacturers are positioned for zero-emission commercial trucks and buses in China Shiyue Mao and Felipe Rodríguez ACKNOWLEDGMENTS The authors thank internal and external reviewers for their guidance and constructive comments, with special appreciation to Claire Buysse, Hussein Basma, and Hongyang Cui (International Council on Clean Transportation). International Council on Clean Transportation 1500 K Street NW, Suite 650 Washington, DC 20005 [email protected] | www.theicct.org | @TheICCT © 2021 International Council on Clean Transportation TABLE OF CONTENTS Acronyms and abbreviations .................................................................................................. ii Introduction ................................................................................................................................1 Policy background .................................................................................................................... 3 Overview of HD-NEV market in China .................................................................................4 Key findings and discussion .................................................................................................. 11 Coaches and city buses .........................................................................................................................11 Straight trucks ...........................................................................................................................................11
    [Show full text]
  • Report Außenwirtschaft Austria China
    AUSSEN WIRTSCHAFT BRANCHENREPORT CHINA KRAFTFAHRZEUGE & AUTOMOTIVE PRODUKTE ENTWICKLUNG DER KRAFTFAHRZEUGINDUSTRIE CHINESISCHE AUTOPOLITIK MARKTSEGMENTE KRAFTFAHRZEUGHERSTELLER ZULIEFERCHANCEN FÜR ÖSTERREICHISCHE UNTERNEHMEN AUSSICHTEN KONTAKTE UND MESSEN AUSSENWIRTSCHAFTSCENTER SHANGHAI Juni 2015/29172 2 Unser vollständiges Angebot zum Thema Automotive (Veranstaltungen, Publikationen, Schlagzeilen etc.) finden sie unter http://wko.at/aussenwirtschaft/automotive. Eine Information des AußenwirtschaftsCenters Shanghai E [email protected] Dieser Branchenreport ist im Rahmen der Internationalisierungsoffensive go-international, einer Förderinitiative des Bundesministeriums für Wissenschaft, Forschung und Wirtschaft und der Wirtschaftskammer Österreich für WKO-Mitglieder kostenlos. Das Werk ist urheberrechtlich geschützt. Alle Rechte, insbesondere die Rechte der Verbreitung, der Vervielfältigung, der Übersetzung, des Nachdrucks und die Wiedergabe auf fotomechanischem oder ähnlichem Wege durch Fotokopie, Mikrofilm oder andere elektronische Verfahren sowie der Speicherung in Datenverarbeitungsanlagen bleiben, auch bei nur auszugsweiser Verwertung, der Wirtschaftskammer Österreich – AUSSENWIRTSCHAFT AUSTRIA vorbehalten. Die Wiedergabe mit Quellenangabe ist vorbehaltlich anders lautender Bestimmungen gestattet. Es wird darauf hingewiesen, dass alle Angaben trotz sorgfältiger Bearbeitung ohne Gewähr erfolgen und eine Haftung der Wirtschaftskammer Österreich – AUSSENWIRTSCHAFT AUSTRIA ausgeschlossen ist. Darüber hinaus ist jede gewerbliche Nutzung
    [Show full text]
  • Name Lists of Some Chinese Auto Enterprises
    Name Lists of Some Chinese Auto Enterprises Post Name Address Contact Telephone Main Products And Models Code Main Auto Group Companies Multi-purpose Vehicle : HFC6500, HFC6470, Anhui Jianghuai Automobile Group No. 176, Dongliu Rd., Hefei, Anhui, HFC6500 , Truck: HFC1310, HFC1071, HFC1083, 230022 (0551)2296747 Co., Ltd China HFC1060, HFC1030 and others;Van Special Purpose Vehicle: HFC5280 Beijing Automotive Industry Holding No. 31, Nanwei Rd., Xuanwu Dist., Saloon Car, Heavy-duty Truck, Light Off-road 100050 (010)67699888 Co., Ltd. Beijing, China Vehicle TJ7101,AUDI,BORA,HONGQI, VIOS,PULIMA No. 2259, Dongfeng St., Lvyuan Dist., China Faw Group Corporation 130011 (0431)5737285 Basic Passenger Vehicle;Trucks and Anchasis; Bus Changchun City, China and Anchasis;SUV;Diesel Engine for Autos; Gasoline Engine for Auto Automobile Fifth Floor, No. 212, Hualin Rd., Passenger Car, Bus, Remodeled Vehicle, Truck, Fujian Auto Industrial Group Co 350003 (0579)87817144 Fuzhou, Fujian, China Anchasis Basic Passenger Cars;Truck and Anchasis; Bus and No. 747, Jianshe Road, Hankou Dist., Anchasis;SUV;Kangmingsi,CY4105, CY6105 Dongfeng Motor Group Company 430015 (027)84285000 Wuhan, Hubei, China Diesel Engine for Autos;Gasoline Engine for FUKANG, QIANLIMA TIIDA,EQ491and others ZZ4186,ZZ4192,ZZ4187,ZZ4181,ZZ4256N,ZZ4252 China National Heavy Duty Truck No. 165, Yingxiongshan Rd., 250031 (0531)85582114 and other Semi-trailing Tractor;Gasoline Engines for Group Co. Ltd Jinan ,Shandong, China Autos;Special Structure Automobiles SIENAZ, PAILIAO,ZHOUMOFENG and other Nanjing Automobile (Group) No. 331, Zhongyang Rd., Nanjing, 210037 (025)83409029 Basic Passenger Vehicles, Gasoline Engines for Corporation Jiangsu, China Autos - 1 - Post Name Address Contact Telephone Main Products And Models Code CH6353,CH6370 Cross Vehicles; No.
    [Show full text]
  • 000 Per Hour
    ,000 per hour THIS REPORT IS IN PARTNERSHIP WITH ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com ABB Robotics & Discrete Automation is a pioneer in robotics, machine automation and digital services, providing innovative solutions for a diverse range of industries, from automotive to electronics to logistics. As one of the world’s leading robotics and machine automation suppliers, we have shipped more than 500,000 robot solutions. We help our customers of all sizes to increase productivity, flexibility and simplicity and to improve output quality. We support their transition towards the connected and collaborative factory of the future. ABB Robotics & Discrete Automation employs more than 10,000 people at over 100 locations in more than 53 countries. www.abb.com/robotics 2 Electric Vehicle Battery Supply Chain Analysis How Battery Demand and Production Are Reshaping the Automotive Industry March 2021 Report author: Daniel Harrison, Automotive Analyst [email protected] Report editor: Christopher Ludwig, Editor-in-Chief [email protected] This electric vehicle battery supply chain report and database is the independent work and research from Automotive from Ultima Media, the business intelligence unit of Ultima Media and Automotive Manufacturing Solutions. For more information and to read more reports and coverage of automotive manufacturing, register free to become a member of automotivemanufacturingsolutions.com.
    [Show full text]
  • 新成立/ 註冊及已更改名稱的公司名單list of Newly Incorporated / Registered Companies and Companies Which Have C
    This is the text version of a report with Reference Number "RNC063" and entitled "List of Newly Incorporated /Registered Companies and Companies which have changed Names". The report was created on 27-05-2013 and covers a total of 4452 related records from 20-05-2013 to 26-05-2013. 這是報告編號為「RNC063」,名稱為「新成立 / 註冊及已更改名稱的公司名單」的純文字版報告。這份報告在 2013 年 5 月 27 日建立,包含從 2013 年 5 月 20 日到 2013 年 5 月 26 日到共 4452 個相關紀錄。 Each record in this report is presented in a single row with 6 data fields. Each data field is separated by a "Tab". The order of the 6 data fields are "Sequence Number", "Current Company Name in English", "Current Company Name in Chinese", "C.R. Number", "Date of Incorporation / Registration (D-M-Y)" and "Date of Change of Name (D-M-Y)". 每個紀錄會在報告內被設置成一行,每行細分為 6 個資料。 每個資料會被一個「Tab 符號」分開,6 個資料的次序為「順序編號」、「現用英文公司名稱」、「現用中文公司名稱」、「公司註冊編號」、「成立/註 冊日期(日-月-年)」、「更改名稱日期(日-月-年)」。 Below are the details of records in this report. 以下是這份報告的紀錄詳情。 1. 1 & 1 STRUCTURAL ENGINEERING LIMITED 一正結構工程有限公司 1243125 22-05-2013 2. 1 WORLD GLOBAL ALLIANCE CORPORATION LIMITED 1752753 22-05-2013 3. 1660 London Limited 1909398 20-05-2013 4. 1KUAN CO., LIMITED 一款有限公司 1909746 20-05-2013 5. 3 Boats International Limited 三舟國際有限公司 1910349 21-05-2013 6. 3 HK & CHINA MARKETING GROUP LIMITED 上香港(中國)廣告集團有限公司 1911895 23-05-2013 7. 3D PRINTER TECHNOLOGY LIMITED 1910328 21-05-2013 8. 3E ASIA (HK) CORPORATION LIMITED 1909706 20-05-2013 9. 3LC-HK LIMITED 1911965 23-05-2013 10.
    [Show full text]
  • Catalog of Vehicle and Vessel Tax Exemptions for Energy and New Energy Vehicles
    Announcement of the Ministry of Finance, the State Administration of Taxation and the Ministry of Indus try and Information Technology on the Catalogue of Energy-saving and New- energy Vehicles Entitled to Vehicle and Vessel Tax Reduction and Exemption (First Group) Issued by: Ministry of Finance, State Administration of Taxation, Ministry of Industry and Information Technol ogy Document No.: Announcement No.7, 2012 of the Ministry of Finance Date of Issue: 2012-03-06 To promote the development of energy-saving and new- energy automotive industry, in accordance with the provision in Article 4 of the "Law of the People's Republic of Ch ina on Vehicle and Vessel Tax" and in Article 10 of the "Regulation on the Implementation of the Vehicle and Vesse l Tax Law of the People's Republic of China", upon approval by the State Council, the catalogue of the first group of energy-saving and new- energy vehicles entitled to vehicle and vessel tax reduction and exemption is hereby announced as follows. As of January 1, 2012, the vehicle and vessel tax shall be reduced by half for energy- saving vehicles; the vehicle and vessel tax shall be exempt for new-energy vehicles. Ministry of Finance State Administration of Taxation Ministry of Industry and Information Technology 2012-03-06 Appendix: Catalogue of Energy-saving and New- energy Vehicles Entitled to Vehicle and Vessel Tax Reduction and Exemption (First Group) I. Energy-efficient passenger cars (I) Anhui Jianghuai Automobile Co., Ltd. D Transmissio isplac Rated n Integrated fuel N Gener Vehicle T Vehicle cur e- number of Gea consump-- o.
    [Show full text]