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BAIC’s Changhe acquisition furthers Chinese consolidation

Chinese state-owned vehicle manufacturer Beijing Automotive Group (BAIC) has signed an agreement to acquire a majority stake in Jiangxi Changhe Automobile, which was previously part of Changan Automobile Group. To acquire this stake, BAIC has agreed to pay around Yuan 80m (US$13.13m). It’s time to log in (or subscribe). Not a member? Subscribe now and … Continued

Chinese state-owned vehicle manufacturer Beijing Automotive Group (BAIC) has signed an agreement to acquire a majority stake in Jiangxi Changhe Automobile, which was previously part of Changan Automobile Group. To acquire this stake, BAIC has agreed to pay around Yuan 80m (US$13.13m).

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