A development that will change the balances in the Chinese automotive sector is about to take place.Dongfeng and Changan, two major companies of the country, are in talks to merge their operations.
This merger, if realised, means the birth of a new giant in the sector, which will leave BYD, the leader in the Chinese market, behind.
China’s automotive giants Dongfeng and Changan are preparing to merge
This strategic partnership between Dongfeng and Changan will bring together China’s largest automobile manufacturers. Dongfeng, known for its wide range of passenger and commercial vehicles; Changan, a pioneer in electric and smart vehicles, will combine their complementary aspects.
According to analysts, this strategic merger will be a game changer for the Chinese automotive industry. Dongfeng and Changan will join forces and pool their resources, technologies and market expertise.
This potential merger comes at a time when the Chinese automotive market is emphasising the adoption of electric vehicles and smart car technologies. Of course, it should be noted that both companies carry out their operations in China and do not open to the European market.
On the other hand, BYD, which displayed a serious rise in terms of sales figures, surpassed SAIC and achieved the success of becoming the largest automotive manufacturer in China. BYD sold 419,426 vehicles last month, a significant increase of 45 per cent, and this means that the number of monthly sales broke a record for the fourth time
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