In the Chinese automotive industry, there were 13 M&A deals announced in Q2 2023, worth a total value of $339.6m, according to GlobalData’s Deals Database. The $142.7m minority acquisition of anhui ankai automobile by jac motors was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Automotive Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in China decreased by 85% in Q2 2023 compared with the previous quarter’s total of $2.2bn and fell by 66% as compared to Q2 2022. Related deal volume increased by 44% in Q2 2023 versus the previous quarter and was 7% lower than in Q2 2022.
For further understanding of GlobalData's Automotive Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.