Many ways to get into the car and manufacturing industry are rising

Editor's note: Following Geely, Wanxiang, Delong, Lifan and other companies are trying to expand their boundaries in the automotive vehicle manufacturing industry. Private capital is becoming the third largest investment force outside state-owned capital and foreign capital.

In 2001, after the policy of the auto industry was relaxed, private capital began to enter on a large scale. In 2003, the automotive industry achieved a total profit of 75.5 billion yuan. Among them, 3663 private enterprises realized profits of 11.123 billion yuan, accounting for 14.7%, which is equivalent to the profits of 882 state-owned enterprises and only 1/5 of the profits of 915 foreign-funded enterprises.

Because there are still industry and policy barriers, private enterprises are currently mainly distributed in non-key automotive parts with low value-added products and a small part of vehicle manufacturing. However, they are expanding their boundaries through various means:

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——From the production of auto parts to the manufacture of complete vehicles. Wanxiang Group, the largest private auto parts manufacturer in China, has produced prototypes for electric cars and electric cargoes through nearly three years of preparation.

——From motorcycle manufacturing to automobile manufacturing. In 1998, Geely, a motorcycle manufacturer in Taizhou, Zhejiang Province, launched its own Geely car without a "salary permit" for cars. After three years, Geely Automobile finally appeared in the sixth batch of product announcements of the Economic and Trade Commission and became a sign that “the auto industry is open to private enterprises”. At present, Chongqing Lifan's car production base is stepping up its construction and its goal is to target economy cars under 100,000 yuan.

-- Acquire shell resources made by the vehicle. More and more privately-owned enterprises have acquired vehicle manufacturing platforms and market access permits through the acquisition of vehicle manufacturers, and have reduced the risk of entering this field. Zhejiang Wanfeng Auto Group, the largest steam turbine manufacturer in China, passed the acquisition of a Shanghai bus company in 2000. Shanghai Wanfeng Automobile Co., Ltd. was established to enter the field of pickups and vans. In 2003, Wanfeng Motor launched its own business. With a car, try to enter the broader passenger car market. Ningbo Huaxiang Group, which occupies 80% of the domestic auto interior decoration market, acquired Hebei Zhongxing Automobile and acquired the independent intellectual property rights of pickup trucks, complete automotive process design, and sales service network of more than 120 specialty stores. US Zhejiang General Motors' China OEM supplier Zhejiang Zhongyu Group, together with Dongfeng Automobile, acquired Wuhan Wantong Automobile Co., Ltd., and will collect the entire vehicle production catalog, equipment and brand of Vantone Automotive with South Korea's modern background.

Gu Chujun

RMB 2.16 billion Greencool Male 45 Born in Tai County, Jiangsu Province Department of Power Engineering, Jiangsu Institute of Technology Master of Thermal Energy Engineering, Tianjin University Headquarters: Hong Kong
Major Industries: Refrigeration Product Industry Position: One of the world's largest non-Freon refrigerant manufacturers listed: Greencool Technology (8056.HK), July 2000 IPO; Kelon Electric (000921), October 2001 Acquisition; Meiling Electric (000521), acquired in May 2003; Yaxing Bus (600213), acquired in December 2003; ST-axle (000678), purchased in April 2004 Gu Chujun invented non-fluorinated refrigeration in the late 1980s The agent dug into the first barrel of gold and has continuously acquired two listed refrigerator manufacturers since 2002, consolidating its leading position in the Chinese refrigerator market. In 2003 Gu Chujun acquired "Asian Star Bus" to enter the automotive industry.

Li Xinyan family

RMB 152 million China Longgong Group Male 52
Company headquarters: Fujian Longyan Industry: Heavy-duty construction vehicles Listed Company: Weichai Power (2338.HK), March 2004 IPO

Wu Liangding Family

1 billion yuan Zhongbao Industrial Group Male 58 Shaoxing, Zhejiang High School Main industries: machinery and auto parts

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