The night of March 28, underground two-story Grand Hyatt Hotel in Beijing, Zhejiang Geely chairman Li Shufu, shuttle between the conference room, media arrangements in accordance with the Finance, TV, foreign media and many other ways in the various conference rooms, waiting for the interview.Gothenburg local contract is completed, and Mr. Li led his team to nonstop rushed domestic, went to the conference site directly from the Beijing Airport, after the news conference, Mr. Li went house to house an interview at this time, his team members have to rest , and his own "verbal battles group Confucianism, laughing.1 - Looking back on 1997Previously, almost all the important position of the media, you can see the presence of Li Shufu, hear the voice of Mr. Li. Him from obscurity to achieve all this in 13 years. Prior to that, whether it is made the refrigerators, made the motorcycle into the football industry is not like a car, gave him such a prominent reputation.13 years from another side, the rise of China's automobile industry for 13 years. In 1997, China's auto production is 1.58 million, at that time, U.S. production of 12.14 million, China ranked tenth in the world, less than Italy, slightly more than Mexico. China's production figures, almost more than half of commercial vehicles, passenger cars alone Shanghai Volkswagen, FAW - Volkswagen, Shenlong Fukang to support.In 2009, sales of China into a 13.64 million, of which 10.25 million are passenger cars. North-south public in the passenger car market accounts for only 13% accounted for the passenger car market showing a flourishing scene. This is one of the most obvious feature is the rise of independent brands.It comes to their own brands, Geely Automobile is not around the last milestone. Maybe the exuberant energy and dedication of Mr. Li, so that the full flowering of the Chinese auto industry more earlier.1997, when Mr. Li Linhai base has just put into use, and Geely Automobile, vice president of Gu Weiming donate their own car out of a Mercedes and a red flag.Geely first car is assembled out of parts of two cars. Auspicious first cars to red flag chassis, remove the red flag of the suspension and tires, Mercedes-Benz doors, and other hand-hammered out parts made out of. The car engine hatch cover is manufactured with glass fiber reinforced plastic.This hammering scenes reminiscent of the scene of the late 19th century, Benz, Daimler invented the car. Auspicious course of development, however, shows the flexibility of the Chinese private enterprises, Geely, besides creating a "used". Auspicious first one production vehicle of pride, actually copied the the Xiali technology, its engine is also sourced from Toyota.2 - to grow four-fold significanceIs to obtain the approval of Zhejiang Provincial Government, to enter the automotive industry; or through the acquisition of Sichuan local car prices, and production of vehicle license, Geely early stages of development is actually in the game and policies. Although the domestic market along with the reform and opening up began in 1978, has been completely transformed. But the automotive industry, and Mr. Li on behalf of private capital "to eat crab.Li Shufu, the first meaning is that his people owned into the automotive sector has opened up a road.Since then, get rid of, subject to the situation of Toyota, Geely began independent research and development engine, automatic transmission. As early as 1999, Mr. Li said: "repairer must build engines." Since then, three years time, the automatic transmission developed with independent intellectual property rights. Even now, look to the domestic car prices, how much is in production with their own engine and transmission?Li Shufu, the second meaning is has always adhere to independent innovation.For the capital market, in addition to the "National" car prices, and Mr. Li is also a private car prices in the first test the water. And the use of the Hong Kong Stock Exchange, the more international platform. Landing HKEx to lay the foundation for Geely Automobile since the series of capital operation. At present, domestic independent brands, including Chery, Lifan, Brilliance plan listed, FAW is planning overall listing.Whether listed or unlisted, Geely had done by the capital market, can be used as their frame of reference.At present, the domestic car prices, in addition to the SAIC, Geely Automobile is the second car prices overseas mergers and acquisitions experience. 2009 Chinese car prices overseas mergers and acquisitions have become the "theme" of the international automotive sector, but the failure of Tengzhong description of the doorway of overseas mergers and acquisitions, not everyone can find out.From the results, Ssangyong and manganese copper can be said to have failed; Rover, Saab and Volvo in the post-merger success difficult conclusion. There is no doubt, Geely has become the most experienced cross-border mergers and acquisitions of domestic car prices.
Acquisition of Volvo Geely to "stand on our case in front of the can out of any cross-border mergers and acquisitions experience, this is the best case I have experienced." Project spokesman Yuan Xiaolin "First Financial Daily "Previously, Yuan Xiaolin British Petroleum for many years, with a wealth of experience in mergers and acquisitions.
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