The reporter learned yesterday that Guangzhou Automobile Group and Chery Automobile will sign a contract on strategic alliances in Diaoyutai State Guesthouse today, thus opening the door to the cooperation of China National Automobile Group Alliance.
It is understood that the alliance between GAC and Chery will not involve equity and capital, so it is different from the past mergers and acquisitions. We will carry out cooperation and integration in technology research and development, key parts supply chain, product development, and export business to jointly strengthen our own brand passenger car business.
According to informed sources, the two sides will start integrating parts and components supply chain to achieve the sharing of engine technology resources; Guangqi Chuanxi will start exporting plans from next year and expect to leverage Chery’s overseas resources; resources can also be realized in vehicle development. Complementary.
However, neither GAC nor Chery confirmed the above. GAC said that this signing will be in accordance with the information disclosure system of listed companies, and the Group will issue relevant announcements at the first time. Chery also said that the specific cooperation content will be formally announced today.
Industry insiders believe that GAC and the Chery Alliance will reduce the cost of R&D and operation of domestic auto companies so that auto brands can better participate in international competition. The cooperation of complementary advantages from the technical level is considered to be a brand-new cooperation model for the independent brand car companies to “hold warmthâ€. Once GAC successfully “aligns†Chery, it will undoubtedly contribute to the widespread promotion of this model.
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