Yesterday, the world’s top 500 companies and the world’s largest independent automotive equipment supplier, Bosch Germany and China Automotive Changchun Electric Power Co., Ltd., formally joined hands, and both parties will jointly build the country’s largest automotive electrical production base. Yu Youjun, deputy secretary of the Provincial Party Committee and executive deputy governor, said that the new round of state-owned enterprise reforms initiated by the move marked a major breakthrough in the introduction of strategic investors, implying that Hunan wants to build China's largest auto electric equipment production base. . Twenty years of love and long-distance running The final marriage The Bosch company is a multinational company in Germany. It is the world’s largest supplier of auto parts, and ranks among the top 500 in the world with annual sales of 36.9 billion euros, of which auto parts sales are 24.2 billion euros. SAIC Motor Co., Ltd., which was restructured from the former Changsha Automobile Electrical Appliance Factory, is a large-scale state-owned enterprise in the province. Currently, it is the second largest automobile electric appliance manufacturer in China. The total assets of the company are nearly RMB 700 million. According to Zhang Guocai, chairman of China National Changchun Electric Power Co., Ltd., the two sides have had nearly 20 years of cooperation. By the end of the 1990s, Bosch had wanted to marry capital with Changsha Automobile Electrical Factory. However, due to various reasons, the two sides failed to enter the "marriage hall." With the successful restructuring of Changsha Automobile and Electrical Appliance Factory into Zhongqi Changjiang Co., Ltd., Bosch and Zhongqi Long Electric Co., Ltd. have started a “marathon loveâ€. Until the “Hunan Xiangqihui†held in October this year, the two sides finally had the intention of marriage. Strong alliances and seeking win-win alliances can be described as a combination of strengths and strengths. The two sides agreed that: Bosch will acquire some assets of China Automobile and Changjiang Electric and establish Bosch Automotive Components (Changsha) Co., Ltd. by its sole proprietorship; at the same time, as a supporting project of Bosch Changsha Base, CNAC Changzhou Electric Co., Ltd. has invested 300 million yuan to build a factory in Changsha Economic Development Zone as the main supporting factory of Bosch Automotive Components (Changsha) Co., Ltd. Zhang Guocai told reporters that parts and components are its strengths for CAIGC. Through this marriage, the company has formed upstream and downstream industrial relations with Bosch. In the long run, it is beneficial to the development of CAIC Changjiang. Although the transfer of the core part of the company, but through the introduction of Bosch's technology and management, China Automobile Changchun Electric has the confidence to become bigger and stronger. Build China's largest automotive electronics production base According to Peng Deyuan, President of Bosch (China) Investment Co., Ltd., Bosch Automotive Components (Changsha) Co., Ltd. has a registered capital of US$32.5 million. After the establishment of a wholly-owned subsidiary in Changsha Economic Development Zone, it will acquire China Longchang Electric. The automotive starter and generator business, which produces starters, generators and micromotors for automobiles, has achieved a strategic shift from technological output to localized production. By 2007, the total investment of this project will reach 60 million euros, and it will be one of the largest automotive electrical production bases in China. He also stated that Bosch Automotive Components (Changsha) Co., Ltd. will give strong support to CNGAC in improving product quality and production capacity. If CAMC Changjiang performs well, it can also supply zero to other Bosch plants around the world. Accessories.
Xiang wants to build China's largest auto electric appliance production base
Yesterday, the world’s top 500 companies and the world’s largest independent automotive equipment supplier, Bosch Germany and China Automotive Changchun Electric Power Co., Ltd., formally joined hands, and both parties will jointly build the country’s largest automotive electrical production base. Yu Youjun, deputy secretary of the Provincial Party Committee and executive deputy governor, said that the new round of state-owned enterprise reforms initiated by the move marked a major breakthrough in the introduction of strategic investors, implying that Hunan wants to build China's largest auto electric equipment production base. . Twenty years of love and long-distance running The final marriage The Bosch company is a multinational company in Germany. It is the world’s largest supplier of auto parts, and ranks among the top 500 in the world with annual sales of 36.9 billion euros, of which auto parts sales are 24.2 billion euros. SAIC Motor Co., Ltd., which was restructured from the former Changsha Automobile Electrical Appliance Factory, is a large-scale state-owned enterprise in the province. Currently, it is the second largest automobile electric appliance manufacturer in China. The total assets of the company are nearly RMB 700 million. According to Zhang Guocai, chairman of China National Changchun Electric Power Co., Ltd., the two sides have had nearly 20 years of cooperation. By the end of the 1990s, Bosch had wanted to marry capital with Changsha Automobile Electrical Factory. However, due to various reasons, the two sides failed to enter the "marriage hall." With the successful restructuring of Changsha Automobile and Electrical Appliance Factory into Zhongqi Changjiang Co., Ltd., Bosch and Zhongqi Long Electric Co., Ltd. have started a “marathon loveâ€. Until the “Hunan Xiangqihui†held in October this year, the two sides finally had the intention of marriage. Strong alliances and seeking win-win alliances can be described as a combination of strengths and strengths. The two sides agreed that: Bosch will acquire some assets of China Automobile and Changjiang Electric and establish Bosch Automotive Components (Changsha) Co., Ltd. by its sole proprietorship; at the same time, as a supporting project of Bosch Changsha Base, CNAC Changzhou Electric Co., Ltd. has invested 300 million yuan to build a factory in Changsha Economic Development Zone as the main supporting factory of Bosch Automotive Components (Changsha) Co., Ltd. Zhang Guocai told reporters that parts and components are its strengths for CAIGC. Through this marriage, the company has formed upstream and downstream industrial relations with Bosch. In the long run, it is beneficial to the development of CAIC Changjiang. Although the transfer of the core part of the company, but through the introduction of Bosch's technology and management, China Automobile Changchun Electric has the confidence to become bigger and stronger. Build China's largest automotive electronics production base According to Peng Deyuan, President of Bosch (China) Investment Co., Ltd., Bosch Automotive Components (Changsha) Co., Ltd. has a registered capital of US$32.5 million. After the establishment of a wholly-owned subsidiary in Changsha Economic Development Zone, it will acquire China Longchang Electric. The automotive starter and generator business, which produces starters, generators and micromotors for automobiles, has achieved a strategic shift from technological output to localized production. By 2007, the total investment of this project will reach 60 million euros, and it will be one of the largest automotive electrical production bases in China. He also stated that Bosch Automotive Components (Changsha) Co., Ltd. will give strong support to CNGAC in improving product quality and production capacity. If CAMC Changjiang performs well, it can also supply zero to other Bosch plants around the world. Accessories.