Five major events in the automotive industry in the first ha

Five major events in the automotive industry in the first half of 2018

1. Geely acquires Daimler shares and becomes the largest shareholder of Daimler

In February of this year, Geely Holding Group acquired 9.69% of the shares of German Daimler through its overseas companies. After the completion of the acquisition, Geely will become the largest shareholder of Daimler. For this investment, Geely Chairman Li Shufu “It is necessary to refresh the way of thinking, unite with friends and partners, and capture the technical commanding heights through collaboration and sharing.” 

2, the car import tariff reduction

On May 22, the Ministry of Finance announced that it will reduce the import tariffs on complete vehicles and parts from July 1, 2018. The 135 tax rates for the vehicle tax rate and the four taxes for the 20% tax rate are 20%. The tax rate of the number was reduced to 15%; the tax rate of 79 tax codes with auto parts tax rates of 8%, 10%, 15%, 20% and 25% was reduced to 6%.

3. Suzuki and Fiat will withdraw from the Chinese market

In early June, the Fiat Chrysler Group announced its business plan for 2018-2022, but Fiat and Chrysler were not mentioned in the plan. Fiat’s presence in the country was very low. It is very likely that it will withdraw from the Chinese market this time. In mid-June, Suzuki will officially withdraw from Jiangxi Changhe Suzuki, and Suzuki’s delisting seems to be a foregone conclusion.

4. Evergrande shares FF

On June 25, China Evergrande acquired Hong Kong Shiying Company for HK$6.746 billion, which means that Evergrande will invest in the FF car in Jia Yueting's hands. This is a great opportunity for Jia Yueting. However, as a condition, FF must be Mass production will be achieved next year.

5. SAIC and Audi Marriage

At the SAIC Group Shareholders' Meeting on June 26, SAIC Chairman Chen Hong revealed that Audi has held a 1% stake in SAIC Volkswagen. The share structure of SAIC Volkswagen has changed to: 50% for SAIC, 38% for Volkswagen, 10% for Volkswagen China, and 1% for Skoda and Audi.