Recently, the Koenigsegg Group and Beijing Automotive Group (hereinafter referred to as "Beiqi") jointly issued news that the two sides recently signed a memorandum of understanding to reach an agreement on Saab's global development issues and signed a memorandum of understanding. In this regard, the automotive senior analyst to Han Song believes that Beijing Automobile's tortuous acquisition of Saab's road is still a variable, because Shanghai GM has almost become the most valuable global high-quality assets, is an important basis for its revival, if you sell Saab to BAIC Holdings. , it will create a competitor for Shanghai GM. Beijing Auto's acquisition may be blocked Electric Bike ,Electric Bike 5 Year Warranty,Electric Mtb Ejoysport Technology (SuZhou)Co.,LTD , https://www.toperiding.com
Beiqi wants to team up with Koenigsegg
It is reported that while signing the memorandum of understanding, the two sides have signed a confidentiality agreement and will not reveal the specific content of the memorandum of understanding. They only publicly stated that all projects are based on Saab's future development.
According to the relevant provisions of the Memorandum of Understanding, Beijing Auto will become a non-controlling minority shareholder of the Koenigsegg Group with the aim of reaching a final agreement between the parties later this year.
At the same time, the memorandum of understanding had already communicated with the Swedish government before signing. Therefore, the Swedish government has fully understood the content of the memorandum of understanding, but the Swedish government has not made any comments on this.
Beiqi , Koenigsegg and Saab all expressed a positive vision for the memorandum of understanding. Wang Da, general manager of BAIC, said: “The signing of this project has created a very good opportunity for strategic cooperation between Beijing Automobile Group and Saab, a well-known brand. We believe that the cooperation with Saab will have a bright future with many parties and win-win results. ."
"This is an important step in the development of the new Saab . We have a solid business plan, important partners and our company now has the ability to continue to operate independently." Said Christian von Koenigsegg, CEO of the Koenigsegg Group.
Saab Automobile Group CEO Jan Ake Johnsson also said, “For Saab , this is indeed a very good news. We have taken a step forward on the road to building a new Saab company. At the same time, the memorandum with BAIC is for us. China has opened up new areas in the fastest growing market in the world."
It is understood that the Koenigsegg Group is a consortium of private investors with entrepreneurial background. At present, the Koenigsegg Group is working with the Swedish State Credit Department to continue discussions on the government’s application for Saab’s European bank loans and guarantees.
In addition to becoming a small shareholder of Koenigsegg, what kind of benefits will BAIC get in this acquisition? Analysis of Han Song said that it does not rule out the possibility that BAIC and Koenigsegg will conduct more transactions after Koenigsegg’s purchase of Saab. According to the report, Beijing Automotive has publicly stated that the purpose of overseas bargain-hunting is to provide technical support for its own brand, the Beijing brand car, and it is also based on this consideration to bid for Saab Automobile and Opel Automobile.
The technology accumulation of BAIC's own brand R&D is mainly the off-road vehicle technology and some commercial vehicle technologies during Beijing Jeep. In terms of independent brand car R&D, although the Beijing Automotive Research Institute has recruited some technical personnel, the overall R&D strength still remains. If it is not strong, it would be very difficult to make the Beijing brand a very competitive brand if it relies on conventional development ideas. Beiqi Holdings hopes to get help from two joint venture partners, Daimler AG and Hyundai Motors, in R&D. However, Daimler is relatively conservative in terms of technical cooperation, and Hyundai Motor Group's transfer to Beijing Automotive Holdings are some backward technologies and models.
However, in the view of Han Song, BAIC's twists and turns in the acquisition of Saab 's road are still uncertain because its memorandum of understanding does not have legal effect, which means that GM has not officially approved Saab to be acquired by BAIC. Xiang Hansong said that from the point of view of GM’s China strategy, if Opel is sold to BAIC, it will create a competitor for Shanghai GM, and Shanghai GM has almost become the most valuable and valuable global asset of the GM . The important foundation.