At present, as reporter known from the inner staff of Beijing Auto Group that the company is going to recombine Changhe Auto, and project goes fine. “The decision will be announced in October if no accident happened.” After Beijing Auto merged Changhe Auto, Changhe might be put under new auto business unit new founded by Beijing Auto Group.
Heyi XU, president of Beijing Auto Group, has told media in public that Beijing Auto Group will recombine two auto companies in China in June this year. In August, Beijing Auto Group has brought up Zhenjiang Auto as first step. The rumor around Beijing Auto Group and Changhe Auto has disclosed time by time. Recently, as it knows from the inner staff of Beijing Auto Group, the recombination of Changhe is almost finished. Beijing Auto Group probably will announce the purchasing within this month. “At present, it is delivering asset.”
Since the strike of Changhe Auto at the end of last year, Changhe, which is belonging to Changan China, is almost in autonomy. In August this year, it is said in industry that Beijing Auto Group is contacting with Changhe Auto and discussing about recombination possibility. As it said, Beijing Auto Group does not intend to recombine the entire Changhe Auto. Before Beijing Auto Group getting into Changhe combination, Changan China has made an agreement with Jiangxi Government that to divide Jingde Town Base and Jiujiang Base of Changhe Auto out of Changan system. But Hefei base which was belonging to Changhe has divided to Changan. Therefore, Beijing Auto Group now is integrating Jingde Town Base and Jiujiang base actually.
