China is the world’s largest vehicle market, selling more than 28 million cars and trucks in 2016, compared with 18 million in the United States. Almost all the vehicles sold in China are made in China, supporting a diverse ecosystem of 76 component making conglomerates, and 184 vehicle assemblers, in addition to dozens of indigenous brands.
After a decade of double-digit growth, the market is now starting to mature. Most urban households have already purchased at
least one car, and, according to McKinsey & Company, half of those households are considering “trading up” to newer and better models. Meanwhile, the shape of China’s auto industry could change radically if Chinese authorities make good on their promise to eventually prohibit the sale of fossil-fuel-powered vehicles, in favor of those powered by batteries. Faced with the need to adapt, Chinese domestic auto makers are scouting the globe to buy premium brands, advanced technologies, and companies capable of conducting R&D into electric vehicles.
Tianjin Motor Dies specializes in the design and manufacture of auto die and moulds. Some of the company’s overseas customers include General Motors, Ford, Audi, BMW, Mercedes, Land Rover, Volvo, Chrysler, and Peugeot. In 2016, about a quarter of its revenue came from abroad.
In May 2017, Tianjin Motor Dies announced its plans to establish a subsidiary in the United States and to acquire DieTech North America LLC, a Michigan-based company specializing in metal stamping dies, for up to $33 million.
In January 2013, Tianjin Motor Dies invested in Germany to establish Tianjin Motor Dies Europe GmbH with €4.8 million in registered capital. Later in 2013, the Chinese company also acquired a bankrupt German die company, Giw Gesellschaft für Innovative Werkzeugsysteme MbH, for roughly €1.8 million.