普华永道：内地汽车并购交易活动趋稳 2024年并购交易金额和数量降幅分别放缓至32%和3.6%

Group 1 - The core viewpoint of the report indicates that despite challenges such as geopolitical tensions and supply chain restructuring, the M&A activity in China's automotive industry is expected to remain robust in 2024, with a projected transaction value of nearly 168.1 billion RMB and 528 deals, showing a slowdown in the decline of transaction value and volume compared to 2023, which were 32% and 3.6% respectively [1] - The automotive market in mainland China is transitioning from an incremental market to a stock market, leading to intensified competition. Key trends include electrification and intelligentization, which are essential for the industry's upgrade and transformation [1] - Companies in the automotive sector are encouraged to focus on advanced technology research and explore new business growth paths to adapt to market structural changes, while also considering global expansion as a strategic direction for long-term development [1] Group 2 - In 2024, 34 new companies are expected to be listed in the automotive sector, indicating growth compared to 2023. Key areas of market interest include intelligent automotive components such as autonomous driving and smart cockpit systems, as well as new energy systems and charging modules [2] - The Hong Kong Stock Exchange has attracted 12 related companies to successfully list, making it the primary listing venue, while the Shenzhen Stock Exchange ranks second with 8 listed companies [2] - The report anticipates that the automotive industry will continue to develop around core trends of electrification, intelligentization, and connectivity, addressing consumer concerns such as charging anxiety and enhancing intelligent driving experiences [2] Group 3 - Chinese automotive companies need to accelerate the transition from "product going abroad" to "brand going abroad" and establish a national automotive evaluation system to enhance international competitiveness [3]