600 million U.S. dollars to invest in Nanjing Changan Automobile

With Changan Ford Mondeo's sales and Carnival warming up, Changan Ford is expected to achieve a profit of nearly 2 billion this year, which will bring huge returns to Changan Automobile, which holds 50% of its shares. After the official launch of the Nanjing plant will bring long-term benefits to Changan Automobile, Changan Automobile (000625), which holds 50% stake in Changan Ford, will officially stop signing after the formal signing of the Changan Ford Nanjing Plant, and the second day after the signing of the agreement ( On July 23, Changan Automobile's gains reached a maximum of 2%; even Jiangling Motors (000550), which has nothing to do with Changan Ford, surged 6.62% due to good news from related parties, ranking fourth in the Shenzhen market on that day. Analysts believe that Chang'an Ford is expected to achieve a profit of approximately 2 billion yuan this year with Changan Ford Mondeo's hot sales and the carnival's pick-up, which will bring huge returns to Changan Automobile, which holds 50% of its shares. The formal launch of the Nanjing plant will bring long-term benefits to Changan Automobile. Chang'an Automobile Benefits Nanjing Plant Although the Nanjing plant currently only lays a stake, the Nanjing plant is undoubtedly a major plus for both Changan and Ford. Currently, in the equity structure of Changan Ford, Ford Motor Company has commissioned Ford Motor (China) Co., Ltd. to hold 50% of the foreign equity; Changan Automobile Group holds another 50%. From 2001 to 2003, Chang'an Group transferred the 50% of the shares held by the Group to its flagship listed company, Changan Automobile, through two transfers. Due to historical reasons, Ford originally planned to set up the Shanghai Ford project with SAIC and was seized by General Motors for various reasons. Ford's frustrations made Shanghai GM, which is nowadays a big hit, and afterwards, Ford took part in the Guangzhou Peugeot Project and Dongfeng JV successively. Negotiation of the project, but no results. Later, Ford took over the olive branch thrown by the Changan Automobile Group. The two sides invested US$98 million to start investing in Ford’s Chongqing project in the name of technical reform. This created ChangAn Ford, which is currently booming. However, due to various restrictions, Chang'an Ford's investment and production capacity have become the only factor that restricts the development of Changan Ford, and Changan Ford and Ford have already rushed to accelerate. This was followed by the introduction of Bill Ford’s plans to invest more than one billion U.S. dollars in China last year. “Changan Ford's Nanjing Plant is the first large-scale investment plan officially announced by Ford Motor Company and has epoch-making significance in the development history of Ford China.” Xiangcai Securities’ Dr. Dongsheng Dong described the Nanjing plant for Chang’an Ford’s and Ford’s The significance of China's strategy. According to the preliminary planning of the Nanjing plant announced by the two parties on July 22, the initial investment will exceed 600 million U.S. dollars. After the completion of the first phase of investment, the Nanjing plant will have more than 20 vehicle production bases. The Mazda and Ford companies will jointly Participate in the construction of the Ford Nanjing factory. Mazda 3. Fox settled in Changan Ford. Although at the press conference on Thursday afternoon, both senior officials from Ford, Mazda and Changan Automobile refused to answer a series of sensitive questions raised by reporters, especially the new models that attracted much attention. plan. However, the reporter has been informed that Mazda 3 and Ford ace models - Fox will have scheduled production in Chongqing and Nanjing factories. With Japan's Mazda Motor Corporation president and CEO Ikebukuro Ikema appeared at the signing ceremony of the Nanjing factory, the reporter previously reported that Mazda's participation in the Nanjing factory has been confirmed. According to Ford Chief Operating Officer (COO) Jim Padilla, the Nanjing plant can produce a variety of new models from Ford's eight brands. However, at present, the most realistic approach is to introduce new models with good market response. As Ford, VOLVO and Mazda parts and platforms share, Mazda 3, VOLVOS40, and Ford Focus (FOCUS) are already based on the same platform, Chang An Ford, which is currently vacant on the mid-size car, will be built on three vehicles. One or more models. Mazda 3 and Fox, which are most likely to be put into operation at the Nanjing plant, are all new models launched last year, based on Ford mid-size car brands. Mazda 3, which was put into production last year, is currently the main Mazda model; Ford Motor Co., Ltd. also selected the Ford Focus concept car that will be put into operation in China for the purpose of launching a customized version for Chinese users this year at the Beijing International Auto Show this year. Chang'an Ford will make a profit of 2 billion yuan this year. "About Chang'an Ford's Nanjing factory, there is now one thing to be sure, no matter what kind of models the Nanjing factory produces, how the stock structure is formed, but the Nanjing factory is just a Changan Ford plant, Changan Ford. It wholly owns the Nanjing factory, and, recently, Ford’s series of moves in China have been carried out in the name of Changan Ford.” Zou Wenchao, head of the China Department of Changan Ford and executive deputy general manager, described the factory in Nanjing during an exclusive interview with reporters in Chongqing. Relationship with Chang An Ford. Chang'an Ford’s Chongqing plant currently has only 50,000 capacity, but at the Chongqing plant, the reporter noticed during the field visit that the second phase of the paint shop is under construction; the expansion of the assembly shop is also under intense tension. "At the end of this year, Chang'an Ford's production capacity will increase from the current 50,000 to more than 150,000 by the beginning of next year," Zou Wenchao told reporters. Changan Ford has quickly become one of the major domestic automakers as Changan Ford has started selling Carnival and Mondeo. Carnival's sales vehicles are currently maintained at more than 1,500 vehicles per month; Mondeo has been available for three months, and its monthly growth is more than 100%. In June, Mengdiou sold more than 5,000 vehicles, surpassing its oldest boss, Shanghai Volkswagen. PASST, quietly climbing the third place in the high-end car rankings, Ford has begun to exert force. The corresponding rapid growth of Changan Ford is that its profitability has begun to highlight. “Chang'an Ford last year basically maintained a break-even, but this year Changan Ford is expected to achieve greater profits.” Chang An Ford, chairman of the Changan Automobile Group head Yin Xuan said. According to the plan formulated by Chang An Ford, the planned sales volume for the whole year will be 65,000 vehicles, including 40,000 for Mondeo and 25,000 for Carnival. Judging from the sales performance in the first half of this year, there is almost no difficulty in completing this plan. Within three months, Mondeo's sales exceeded 15,000 units. According to this trend, Mondeo is expected to achieve sales of about 50,000 units this year. "Some people told me that Mondeo's current pricing is based on an additional 20,000 yuan in sales. We can still complete the 40,000 sales plan for this year, but Chang'an Ford is willing to sacrifice this 600 million yuan profit in return for the Ford brand. Market and reputation.” Zou Wenchao told reporters. An analyst estimates that, generally speaking, the profit margin of mid- to high-end cars is about 20%. According to Chang'an Ford's sales plan and product sales, Changan Ford's profit this year is expected to be more than 2 billion yuan. As Changan Automobile, which holds 50% equity of Changan Ford, it is expected to gain huge profits from Chang'an Ford’s profitability, and it is expected that Chang’an Automobile will quickly emerge from the current downward trend in the depressed stock market and auto market and re-emerge. A wave resembles last year's magnificent lead market. “If the Chang’an Ford Chongqing Base represents the present of Chang’an Ford, then the Nanjing plant that will be put into operation in early 2006 will be the future of Chang’an Ford.” Mr. Changan Ford CEO and Australian Mr. Tai Yike summed up Chang’an Ford’s Nanjing Relationship with Chongqing. “Could also say that Chongqing and Nanjing are also the present and future of Changan Automobile.” Hu Song, an analyst at Haitong Securities, said, “With the intervention of Mazda, the new base has been launched one after another. Both now and in the future, Chang’an Automobile will continue Changan Ford entered the fast lane together."

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