Changan Automobile Acquires Yunnei Power to Attempt to Create Core Components for Light Commercial Vehicles


It is reported that after Changan Automobile acquired the property rights of Yunnei's internal combustion engine after the approval of the local government, after the completion of the transfer of state-owned property rights, China Changan will control the equity of Yunnei Power by 38.14%.

It is understood that entering the light commercial vehicle market has always been an important strategy for China Chang'an, and diesel engines are the core components of light commercial vehicle products. Therefore, obtaining engine resources is the key to China Changan entering the light commercial vehicle market. The high-end passenger car and light commercial vehicle business being developed by Changan will also benefit from the joining of Yunnei Power.

China Chang'an’s acquisition of Yunnei Power intends to try to build the core components of light commercial vehicles through Yunnei. Changan Automobile’s relevant person in charge of the Changan subsidiary told the reporter that the Changan Automobile Light Vehicle Division was established on the basis of the integration of Baoding Changke and Hebei Chang'an and other commercial vehicle resources. The general manager was Luo Zhilong, the former president of Chang An Automobile. Changan Automobile expects to enter the light vehicle market and become an industry leader in this market segment.

Kunming Yunnei Power Co., Ltd. is currently one of the largest manufacturers of multi-cylinder and small-diameter diesel engines in China. In addition to its headquarters, Kunming Reimer Power Systems Co., Ltd., Chengdu Yunnei Power Co., Ltd., Yunnei Power Dazhou Automobile Co., Ltd., etc. Subsidiaries. In 2009, the company ranked No. 87 among the top 100 enterprises in China's machinery industry's main business revenue. As of now, the company's total assets are 4.5 billion yuan, and its net assets are 2.7 billion yuan.

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