The local government released Weichai Power to comprehensively edit Shaanxi Heavy Duty Truck

Tan Xuguang, chairman of Weichai Power, which is well-equipped with capital, is always on the lookout for prey.

On May 10 , a person from the Shaanxi Provincial State-owned Assets Supervision and Administration Commission revealed to reporters: “The Shaanxi Provincial Government has agreed in principle that Weichai Power shall be 100% controlled by Shaanxi Heavy-duty Truck Co., Ltd. ( Shaanxi Heavy Gas ) , which is the largest company in Shaanxi. Important strategic choices. "

However, a few months ago, the Shaanxi Provincial Government was still preparing for the overall listing of Shaanxi Automobile Group Co. , Ltd. (the second largest shareholder of Shaanxi Heavy Gas, holding a 49% stake in Shaanxi Heavy Gas ) . Shaanxi Automobile Group even wanted to recover Weichai Power holds 51% stake in Shaanxi Heavy Duty Truck. However, it is difficult for prey to escape Tan Xuguang's " Five Fingers ". While he is deeply adjusting Shah Heavy, at the same time, Weichai Power's full control of Shah Heavy is approaching.

Encroaching on tactics

From 51% to 100% , Tan Xuguang is ready to complete in 5 years.

On August 12 , 2005 , after the Hunan Torch, which had a 51% interest in Shaanxi Heavy Gas, eventually fell into the Weichai Power Capsule, Weichai Power, which is eager to enter the vehicle heavy truck manufacturing segment, had a 51% interest in Shaanxi Heavy Gas. Equity. ( On August 12 , 2005 , Weichai Power successfully acquired the Hunan Torch at a price of 1.02338 billion yuan. )

But becoming a controlling shareholder is not the ultimate goal of Tan Xuguang. April 7, 2010, Tan Xuguang announced at the East-West China Cooperation and Investment Trade Fair for the development strategy - the next 3 years to 5 years, which will be Weichai owned enterprises in Shaanxi Province to invest 5 billion yuan to support In Shaanxi, a heavy-duty truck manufacturing base with heavy-duty trucks for Shaanxi Auto is built, and a key auto parts manufacturing base with Fast Transmission as a leader.

Behind this investment strategy, there is a secret hidden. An insider of Shaanxi Heavy Duty Truck Co., Ltd. said that before the Shaanxi Provincial Government had reached a tacit agreement with Weichai Power, the local government would paved the way for Weichai Power to increase its holdings of Shaanxi Heavy Industry. An informed person close to Shaanxi Zhongqi stated: “The realization of 100% controlling Shaanxi Heavy Duty Truck is a phased goal of Weichai Power's cooperation with Shaanxi local government at a higher level. ”

Weichai Power entered the main engine in August 2005 , and then invested RMB 416 million in development funds in 2007. However, this did not fully satisfy the development of Shaanxi Heavy Duty Trucks. With regard to the funding gap, Shaanxi Heavy Duty Truck Co., Ltd. wants to go further in the increasingly fierce competition in heavy-duty vehicles. It is extremely urgent to invest more funds as soon as possible.

According to the above mentioned insiders, once Weichai Power has wholly owned Shaanxi Heavy Gas, Weichai Power, with relatively strong financial strength, can more effectively put capital and resources into Shaanxi Heavy Gas, and Shaanxi Heavy Gas can also Under the leadership of a single shareholder, it has gained more room for development and ended the endless rounds of negotiations between shareholders of both parties on issues such as the amount of investment. “After the decision between Weichai Power and CNHTC ( on March 20 , 2006 , the Shandong State-owned Assets Supervision and Administration Commission promulgated a document to transfer the 100% shareholding of Weichai Plant originally held by China National Heavy Duty Truck to the direct ownership of Shandong Provincial SASAC, Weichai power thus completely out of China National heavy Duty Truck), in actively planning to expand in the field of vehicle, the capital of Shaanxi heavy Duty Truck is the performance of its expansion in the heavy truck field. "well-known auto industry analyst Jia Xinguang said.

Independence and anti-independence

It is Tan Xuguang’s main work focus in recent years to enter the heavy truck manufacturing field. Among these, in addition to a tough wrist, Tan Xuguang has also taken the “ anti-independence movement ” idea to the extreme.

In early 2009 , China National Heavy Duty Truck was listed as the only heavy truck company identified by the country as responsible for regional integration. However, the integration of Sinotruk has not yet been implemented. On the contrary, Weichai Power, headquartered in Weifang, Shandong Province, has the support of local governments. Implemented drastic regional integration. June 18, 2009, under the surgeon Tan Xuguang, Shandong Weichai Holdings, Inc. (the parent company of Weifang Diesel), Hill and Hill Engineering Group Automobile Group 3 Enterprise Integration set up a huge Shandong Heavy Industry Group, Weichai Power in Shandong Heavy Industry Group occupies a core position and Tan Xuguang serves as Chairman of Shandong Heavy Industry.

Also in Shaanxi, Tan Xuguang, an “ alien household ” , quickly gained strong support from local government in Shaanxi Province.

In August 2009, Shaanxi Automobile Group reported at its internal working meeting that Shaanxi Automobile Group's overall listing plan has been listed as a key plan of Shaanxi Province, and Shaanxi Automobile Group hopes to land on the domestic A- share market. According to the internal notification, Shaanxi Province hopes that Weichai Power will give up its controlling share in Shaanxi Heavy Duty Truck and transfer the shares to Shaanxi Automobile Group, thus smoothly loading Shaanxi Heavy Gas assets that account for 80% of Shaanxi Automobile's operating revenue. Future listed companies.

Tan Xuguang was extremely shocked by the attempts of Shaanxi Provincial Local Government and Shaanxi Automobile Group. Then, Weichai Power quickly implemented a series of " anti-independence wars. " October 29, 2009, Weifang Diesel Technology Innovation Conference held in Xi'an, this science and technology innovation conference from the site to the main content of the meeting, Shaanxi Automobile Group are considered as stakeholders of Shaanxi heavy truck Weichai Power's first high-profile Reorganization will be. More importantly, through this meeting, Weichai Power obtained the " centering pill " from relevant leaders in Shaanxi Province.

Wu Dengchang, deputy governor of Shaanxi Province, said before the end of the meeting: “ Tan Xuguang, Chairman of the Board of Directors, proposed a solution to the problem at the high level of the overall situation. On behalf of the Shaanxi Provincial Government, I would like to give full support to Weichai Power's efforts in strengthening Shaanxi. big "white Ah Ying, director of the Shaanxi Provincial SASAC is more direct, he said:" on behalf of Shaanxi Province SASAC responsible to tell you, we will not toss ...... we will unswervingly support the development of Weichai power in Shaanxi ”

chain reaction

The strong expansion of Weichai Power clearly will set off a huge wave in heavy truck manufacturing. For Tan Xuguang, his next goal is to compete with China National Heavy Duty Truck Group, ranked first in China Heavy Truck Group ( in 2009 on heavy truck production and sales volume ranking, China's heavy truck is first, second is Foton Motor, the third for the Shaanxi heavy Duty Truck).

Accordance with the objectives of Weichai Power, Shaanxi Heavy Duty Truck Group will achieve sales of 100,000 heavy truck production in 2010, further narrowing the gap with China National Heavy Duty Truck 140 000 target. Since 2011 , Weichai Power hopes that Shaanxi Heavy Gas will achieve a full-scale overtaking of China National Heavy Duty Truck. “ We are facing more than competition from Weichai Power, but competition across the industry ... In 2010 , we are expected to exceed 150,000 vehicles, and our strengths are expanding. ” Guo Huanan, head of the Propaganda Department of Sinotruck, told reporters.

In fact, during the process of Weichai Power's taking over of China National Heavy Duty Truck by means of Shaanxi Heavy Duty Truck, other heavy truck companies that are currently cooperating with Weichai Power will also feel uneasy.

According to an announcement released by Weichai Power, Weichai Power currently maintains close cooperation with many heavy-duty truck manufacturers such as Beiqi Foton Motor Co., Ltd., Baotou North-Benz Heavy-duty Truck Co., Ltd., and Anhui Jianghuai Automobile Co., Ltd. These cooperation are further deepening. For example, as early as April 28, 2006, Foton Motor on with Weichai Power, Germany BOSCH, Austrian AVL company jointly signed a "strategic alliance framework agreement"; and in the May 10, 2010, Foton and with Wei Chai Power signed a strategic cooperation agreement in Changsha, and the two parties will further intensify cooperation in terms of product innovation, improvement of resource allocation efficiency, joint development of markets, and establishment of market service networks.

" The strategic cooperation between the two parties is a move that is in line with market trends. Foton Motor will effectively reduce costs by cooperating with Weichai Power and establish stronger competitiveness based on the coordinated utilization of resources. " Recently, Foton Motors Changsha Automobile Factory Vice Pan Linbo, director of the plant and marketing company, told reporters that he did not think that the radicalization of Weichai Power in the vehicle manufacturing field would have a negative impact on Foton.

However, Jia Xinguang does not have to worry that: “ Weichai Power is very strong in the field of engines and components, so there is a lot of cooperation between domestic heavy truck companies and Weichai Power. After Weichai Power has fully entered the manufacturing field of heavy trucks, It is bound to lean towards Shaanxi Heavy Duty in terms of engine technology and so on. Therefore, for partners such as Foton Motor and Weichai Power, how to further bind the relationship with Weichai Power in the future will require a lot of brains. "

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