According to reports, what has changed in the pattern of China's auto industry since its entry into the WTO three years ago? The following are the ten most representative events that reflect the progress of China's auto industry and international integration. Auto finance company "flowering" On August 18 this year, SAIC General Motors Financial Co., Ltd. announced its opening in Shanghai, becoming China's first auto finance company; afterwards, Volkswagen Finance (China) Co., Ltd. was soon approved. Auto finance companies are not only open to foreign capital but also open to domestic capital. The People's Bank of China recently revealed in Beijing that if the Chinese-funded institutions meet the conditions for the opening of auto finance companies, the China Banking Regulatory Commission will also consider the approval. SAIC Chery "partitioning and combining" Anhui Chery was established in 1997 and has not been granted a "skilled permit". In January 2001, Chery sold 20% of its equity to SAIC and changed its name to SAIC Chery. In June 2003, SAIC rumored that Chery wanted to be independent. On October 18, the new business license of Chery was issued, and it will solo after a half-year transitional period. Dongfeng Capital operates the “fourth jump†first hop to Xiangfan to develop light vehicle and engine business; second jump to Wuhan to develop car business; third jump to the Pearl River Delta and Yangtze River Delta to develop parts and components business; “fourth jump At the moment, the commercial vehicle segment of Dongfeng Motor Co., Ltd., its largest joint venture company, will be listed as a major part of Hong Kong's listing, seeking US$1 billion in financing. FAW Toyota Sales Co., Ltd. was established On October 28, 2003, Toyota and FAW announced a joint venture to establish "FAW Toyota Motor Sales Co., Ltd.", and Toyota holds 32% of the shares. Among all foreign auto giants, Toyota further controls the channels. Saying goodbye to the “Accord increase†era this summer, in Shanghai GM and North and South Volkswagen, Dongfeng Citroen prices down the situation, the Guangzhou Honda Accord prices began to quietly loose, Accord 3.0 discounted to 12,000 yuan. A year ago, queuing to buy the Accord would also have to increase the price by 80,000 yuan. Foreign investors raise capital to gamble on China On June 7 this year, GM announced that it will jointly invest $3 billion in SAIC's business in China. On July 14, VW announced that it has invested 1.42 billion yuan in the establishment of Volkswagen FAW Platform Parts Co., Ltd.; Hyundai announced in 2007. The additional investment of 740 million U.S. dollars was used to establish a second factory with a capacity of 300,000 vehicles. Brilliance executives collectively sold shares. At the end of July this year, the media disclosed that Brilliance’s “Four Diamonds†Wu Xiaoan, Su Qiang, Hong Xing, and He Tao successively sold their holdings of Brilliance China stocks. Affected by this, Brilliance China's stock plummeted and Brilliance’s internal crisis quickly spread across the industry. North-South Volkswagen Jointly Reduced Prices On June 16, 2004, North and South Volkswagen announced price cuts at the same time. Following this, prices of Dongfeng Citroen and Beijing Hyundai fell. North and South Volkswagen directed the largest collective diving in the history of China’s auto market. SAIC's acquisition of Ssangyong Overseas On October 28, 2004, SAIC Motor Group signed a definitive agreement with the Korean Ssangyong Motor Company's creditor committee in Seoul. SAIC Motor officially acquired a 48.92% stake in Ssangyong Motors to realize the first overseas acquisition of the Chinese auto industry. Shanghai GM Shapes the Buick Brand Among all joint ventures, Shanghai GM’s localization strategy is the most successful. In the past three years, Shanghai GM has created a Chinese Buick brand that is different from North America, raising its popularity from the initial 14% to 83%.
Stainless steel shackle , it's suitable for Stainless Steel Wire Rope.
Main products: Shackle,bolt, nut,screw,Eye bolts& Eye Nuts,Turnbuckles,Wire Rope Clips,Load binders,Hooks,
Usage: Lifting & connecting, Wire rope fittings with other rigging hardware fittings
material: Carbon steel, Alloy steel, Stainless steel 304 or stainless steel316
size: Different size available ( from 5mm to 50mm )
Special specifications and marks can be made according to customers' requirements.
link chain,wire rope and other rigging hardwares.
Stainless Steel Shackles,Stainless Steel Bow Shape Shackle,Stainless Steel D Shape Shackle,Stainless Steel Dee Shape Shackle 316
Jiangsu Juke Metal Products Co.,Ltd. , https://www.jsjukemetal.com