Automotive

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.

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Anhui Zotye Automobile Co., Ltd.

Anhui Zotye Automobile Co., Ltd.

Anhui Zotye Automobile, formerly Huangshan Jinma Co., Ltd., began as a traditional auto parts manufacturer. In April 2017, the company completed its acquisition of Zotye Auto, an electric vehicle (EV)...

Zhengzhou Yutong Coach Manufacturing Co., Ltd.

Zhengzhou Yutong Coach Manufacturing Co., Ltd.

Zhengzhou Yutong Bus, part of the Zhengzhou Yutong Group, is a major manufacturer of buses for various market segments. The company exports its products to more than 30 countries and regions, including...

Steyr Power Co., Ltd.

Steyr Power Co., Ltd.

Hubei Bothwin Investment Co., Ltd. raised $76 million through private placement to acquire Austrian engine manufacturer Steyr Motors with its Chinese plant in Changzhou. Subsequently, the Hubei company...

Zhejiang Vie Science & Technology Co., Ltd.

Zhejiang Vie Science & Technology Co., Ltd.

Zhejiang Vie Science & Technology specializes in the research and development, design, and manufacture of chassis control systems for both passenger and commercial vehicles. The company collaborates...

Nanning Baling Technology Co., Ltd.

Nanning Baling Technology Co., Ltd.

Nanning Baling specializes in researching and manufacturing bumpers and air conditioning systems for cars. Its main clients include FAW and SAIC-GM-Wuling Motors. However, a miniscule portion (less than...