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Views: 0 Author: Site Editor Publish Time: 2020-07-01 Origin: Site
In the field of new battery energy, in 2017, the surge in demand for power lithium batteries drove the cooperation between industrial chains. Lithium battery industry chain enterprises have experienced a wave of reorganization and mergers. Enterprises have participated in the refining through reorganization and mergers. In 2018, the production and sales of traditional fuel vehicles continued Negative growth, new energy vehicle production and sales continue to rise, listed companies in order to seek new profit points, through mergers and acquisitions to quickly enter the new energy industry; in 2019, the power battery demand market is weak, the number of acquisitions and mergers and acquisitions and the amount of transactions began to shrink significantly; entered 2020 The outbreak of the New Coronary Pneumonia epidemic caused some acquisitions and mergers and acquisitions projects to be suspended due to this.
According to the rough statistics of the battery network (micro number: mybattery), there are 13 new battery industry chain restructuring projects in the first half of this year, including 4 mineral and raw material projects, 2 lithium battery projects, 1 diaphragm project, and lithium battery equipment project 2 There are 4 new energy vehicle projects with a total transaction value of about 32.813 billion yuan.
In addition, in order to accelerate the implementation of the entire lithium battery industry chain, Chuaneng Power plans to transfer 62.75% of the equity of Lithium, Mingsheng TNS intends to acquire a 40% stake in Huzhou Jinguan, a subsidiary of Golden Crown, and Desai Battery plans to acquire Huizhou Battery and Each of Huizhou Lanwei’s 25% shares has not announced the specific transaction amount for the above three restructuring projects.
Previously, the battery network (micro number: mybattery) also counted the reorganization of enterprises in the battery new energy industry chain from 2017 to 2019:
From the perspective of the number of reorganization events in the battery new energy industry, the overall form of \"inverted V\" was 2017-2019. In 2017, there were 35 lithium battery industry chain restructuring projects; in 2018, 44 lithium battery industry chain mergers and acquisitions There are 33 M&A events in the field of new energy batteries in 2019.
From the perspective of the restructuring scale of the battery new energy industry, 34 projects announced transaction amounts in 2017, with a total amount of more than 46.5 billion yuan; 37 announced transaction amounts in 2018, the total amount reached a peak, about 87.536 billion yuan; 33 announced transactions in 2019 The total amount is about 38.429 billion yuan.
The latest report released by the international law firm Baker McKenzie and research institute Rongding Consulting shows that from January to May 2020, the total number of foreign mergers and acquisitions of Chinese companies reached 9 billion U.S. dollars, while the amount of Chinese companies’ outbound mergers and acquisitions during the same period was about 6.5 billion U.S. dollars. This is the first time in a decade that foreign mergers and acquisitions in China have outnumbered Chinese companies in terms of quantity and value.
In the battery new energy industry, the battery network (micro number: mybattery) noticed that this year, foreign investment in China's new energy business is also increasing. Recently, Volkswagen announced that it will invest about 1.1 billion euros to acquire 26% of Guoxuan Hi-Tech and become its largest shareholder. This is also the first time multinational auto companies have acquired Chinese power battery companies; Anhui State-owned Assets Supervision and Administration Commission and Volkswagen (China) have limited investment The company and the Anhui Jianghuai Automobile Group Holdings Co., Ltd. signed a joint venture and cooperation agreement. Volkswagen Group will invest 1 billion euros to acquire 50% of the shares of JAC Holdings. At the same time, it will increase its shareholding in the electric vehicle joint venture JAC Volkswagen to 75% and obtain the management rights of the joint venture company. ; Daimler intends to participate in the ongoing IPO project of Funeng Technology, the plan has not yet been finalized; it is reported that Daimler will increase the shareholding of Beijing Benz to 75%...
It is worth mentioning that on June 24, the National Development and Reform Commission and the Ministry of Commerce announced the \"Special Management Measures for Foreign Investment Access (Negative List) (2020 Version)\" and \"Special Management Measures for Foreign Investment Access in the Pilot Free Trade Zone\" (Negative list) (2020 version)\". The 2020 version of the negative list of foreign investment access will be implemented on July 23. Compared with the 2019 version, the 2020 version of the negative list of foreign investment access will be further reduced. Among them, in the manufacturing sector, the restrictions on the proportion of foreign investment in commercial vehicle manufacturing have been relaxed .
This year's commercial vehicle foreign share ratio restrictions will be lifted, and passenger vehicle foreign share ratio restrictions will be lifted in 2022. China's foreign investment policy tends to be loose, huge consumption potential and the market is relatively mature, attracting more foreign capital to pursue China's battery new energy industry Chain enterprises will change the development pattern of foreign brands in China.
In 2018, Zhang Shulin, the former executive vice chairman of the China Association of Automobile Manufacturers and a specially invited expert of the National Development and Reform Commission, pointed out that China's new energy automotive industry has entered a new era of equal emphasis on competition and structural adjustment. It is expected that after 2020, it will gradually enter the enterprise The peak stage of mergers and acquisitions.
However, this year, some acquisitions and mergers were suspended due to the epidemic. On May 15, the person in charge of the relevant departments of the CSRC answered questions from reporters on the issues related to the impact of the epidemic on the assets of the listed company's M&A and reorganization. For listed companies that were indeed affected by the epidemic, the performance commitment requirements and reorganization plan adjustments Proper regulatory arrangements have been made to encourage listed companies to improve performance and improve quality through mergers and acquisitions. I believe that with the release of the CSRC's clear regulatory arrangements for M&A affected by the epidemic, the policy breeze is expected to heat up the M&A market.
