In an interview with Dietmar Ostermann, auto consultant of PRA Management Consulting (PRTM), “They are not only interested in industrial integration in China, but also want to make acquisitions in Europe and North America to strengthen their products. Technical content."
Bai Yatian conducted research on the bankruptcy and consolidation prospects of the global auto parts industry, and predicted in the report that China's light vehicle sales this year are expected to increase by more than 30%.
Osterman expects that China's auto production may nearly double to 5 million in five years.
He said that this may prompt some of China's large auto parts manufacturers to seek acquisition opportunities to meet the growing demand.
Bai Ya Tian Company stated that Changchun Fuwei Automobile, Ningbo Huaxiang Electronics (002048.SZ: Quotes) and Fuao Automotive Parts and other Chinese companies may actively participate in overseas mergers and acquisitions.
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