People visit the booth of Chinese carmaker BYD during the China Motor Show (Tianjin) 2022 in north China's Tianjin, Nov. 10, 2022. (Xinhua/Sun Fanyue)
BEIJING, April 7 (Xinhua) -- China's auto sector continued to catch capital's attention in 2022, with the merger and acquisition (M&A) amount exceeding 371.4 billion yuan and 666 M&A transactions made, up 1 percent and 22 percent from 2021, respectively, reported China Securities Journal Thursday quoting a report by global auditing and consultancy firm PwC.
According to the report focusing on M&A activities in China's auto sector, the M&A in China's auto sector maintained continuous growth from 2020 to 2022, with steady progress seen in trading scale, and investment vitality in the sector tended to improve driven by muti-faceted favorable factors such as industrial upgrading, intelligent transformation and policy support.
With increasing investment in battery systems and new energy vehicles, the number of M&A transaction exceeding 10 billion yuan in China's auto sector in 2022 grew by 40 percent from 2021, contributing a total transaction amount of over 146.9 billion yuan, with the average transaction amount up to 21 billion yuan, reveals the report.
The number of M&A transactions in the auto parts sector recorded 460 in 2022, a significant growth from 2021, and 68 transactions were completed in the vehicle manufacturing sector, contributing 136.6 billion yuan, notes the report.
(Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)
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