Which company acquired Huachen?
3 Answers
Huachen has not been acquired by any company. Huachen refers to Huachen Automotive Group Holdings Co., Ltd. Introduction to Huachen Company: Huachen Xinyuan is a joint venture established by Huachen Automotive Group and Dongfang Xinyuan Holdings Co., Ltd., headquartered in Chongqing, the automotive capital of China. Investment and R&D of Huachen Company: Huachen Xinyuan Chongqing Automobile Co., Ltd. is qualified to invest in and develop automobiles and their engines, manufacture automobile bodies, chassis, and auto parts (including engines and their accessories), and sell branded automobiles, automobile engines, auto parts, and provide technical after-sales services. Currently, the production base located in Jiulongpo District, Chongqing, mainly produces five product series including the microvan models Jinbei A7 and Jinbei A9, micro-truck models Jinbei T20, Jinbei T22, Jinbei T30, Jinbei T32, and the Jinbei Little Sea Lion X30 wide-body microvan. The Fuling production base in Fuling New District, Chongqing, mainly produces MPVs, SUVs, new micro vehicles, traditional micro vehicles, and related vehicle engines based on four product platforms, achieving an annual production capacity of 300,000 units.
I recently saw in the news that BMW Group acquired a majority stake in BMW Brilliance, now holding 75% control, which happened in early 2023. As a young person who enjoys following automotive gossip, I find this quite interesting. It means BMW Brilliance vehicles will align more closely with BMW's global standards, with faster technology updates—like more frequent electric vehicle releases. However, the original Brilliance brand might fade, which is a bit regrettable for loyal Brilliance owners. Now, there are more choices when buying a car, and domestic high-end joint-venture brands have shown significant quality improvements. Personally, I think this move makes the market more competitive, allowing car owners to enjoy better services. In the long run, BMW's investment could drive upgrades in China's automotive industry, reducing reliance on foreign technology, though internal adjustments might lead to some layoffs.
As an enthusiast who frequently researches the automotive industry, I can tell you that BMW Brilliance has been fully taken over by the BMW Group. BMW increased its stake to 75%, achieving majority control. This move was in preparation since late 2022 and officially took effect in early 2023, against the backdrop of China's policy allowing foreign companies to take the lead in joint ventures. BMW's step can strengthen its strategy in China, accelerate the launch of localized models such as new energy SUVs, and improve supply chain efficiency. Consumers benefit from higher quality and more original factory service support. Although the Brilliance brand may fade, BMW has committed to retaining existing factories and some employment, which overall is a positive push for industry innovation. I will keep an eye on future new car releases, such as whether the i-series electric vehicles will be more aggressive, as this is meaningful for promoting the development of domestic smart cars.
