Improve the business structure to enhance the core product capacity

Nowadays, the intelligent of for the core of the new technology and vehicle energy revolution intersection is pushing for new automobile industry ecology formation and changing automobile industry competition pattern and development way, to the automobile spare part enterprises restructuring and development provides a strategic opportunity. In such a context, April 21, one of the largest auto parts enterprises of China automobile domain, plans to raise about $89.7 billion yuan, will focus on intelligent driving, new energy research and development of the core components of automobile, automobile air conditioning system, mould and heat forming technology, in order to achieve the relevant business sector resources integration and collaborative development. It is worth noting that 50% of the shares, SAIC held its 100% stake in the company to subscribe for Huizhong Chinese domain car of this issue. SAIC has already made a comprehensive adjustment of parts industry's pace.

For the recent listing of the new auto parts company, they hope to raise funds for promotion of competitive products, parts and components production capacity, it is easier to get investors support. Just listed near Tenglong shares, raised 3.87 billion yuan for automobile heat exchange pipelines and related accessories expansion project and technology center construction, enhance the level of the main business. Faldan shares after the listing, to raise $12 million is mainly used for production line of the crankshaft of the engine, clutch, spiral bevel gear products main components technology upgrading and transformation of the intelligence, and new boats engine crankshaft project, the independent innovation and introduction and absorption combined, and further enhance the core competitiveness.

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