对即将盈利的零跑汽车来说，一汽集团入股，早已谈不上创业初期雪中送炭，但也算乐见其成。今年上 半年，零跑汽车以22.17万辆的交付量登顶中国新势力品牌销量榜首，首次实现半年度净利润转正，成 为中国造车新势力中第二家达成半年度盈利的企业。但造车好比马拉松，中途依然面临很多不确定性。 与理想、小鹏等造车新势力相比，零跑汽车资金实力不算雄厚，抗风险能力不强。 有人说，零跑汽车背后不是站着巨头斯泰兰蒂斯集团吗？但问题是，今年上半年斯泰兰蒂斯集团净亏损 高达22.56亿欧元，深陷经营困境。指望其赋能零跑汽车，不切实际。况且，零跑汽车与斯泰兰蒂斯的 合作，主要针对国际市场。而若一汽集团入股，不仅能给零跑汽车带来可观的现金流，还能助力零跑技 术与平台变现，实现更大规模效应。 大众与小鹏牵手，堪称新旧势力合作典范。此前，大众汽车集团投资约7亿美元，获得小鹏汽车约 4.99%股权。随后双方签订战略技术合作联合开发协议及联合采购计划。目前，双方联合开发的行业领 先电子电气架构，不仅集成到大众在中国市场纯电车型平台，也部署到大众在中国市场的燃油和插电混 动车型平台。事实上，小鹏通过对大众的技术授权与研发服务，不仅为其带来现金流，而且 ...

Core Viewpoint - The merger between Geely Automobile and Zeekr marks a significant consolidation in the Chinese automotive industry, aimed at enhancing competitiveness and operational efficiency in the face of industry challenges [1][4][11] Strategic Transformation - The merger is a strategic response to the challenges posed by the rapidly changing automotive landscape, with Geely's CEO emphasizing the need for quick integration to improve competitiveness [6][11] - Geely's "One Geely" strategy aims to eliminate internal resource waste and streamline operations across its various brands [4][6] Financial Aspects - Geely acquired the remaining 37.2% of Zeekr for approximately 17.2 billion RMB, with cash and stock options providing a premium over previous trading prices [3][4] - Since its listing in early 2024, Zeekr's market value has dropped from $11 billion to $5.7 billion, a decline of 48% [6] Synergy and Efficiency - The merger is expected to create synergies that will reduce R&D costs by 10%-20% and supply chain costs by 5%-8%, while improving production capacity utilization by 3%-5% [7][8] - The integration of Zeekr's technology with Geely's existing resources is anticipated to enhance the overall technological capabilities and accelerate product development [7][8] Market Positioning - Post-merger, the brand structure will be clearer, with Zeekr focusing on the luxury electric vehicle market, Lynk & Co on the mid-range hybrid sector, and Geely on the mainstream market [7][8] - The merger will expand Zeekr's market reach from 50 to 200 cities, significantly increasing its penetration in lower-tier markets [8][10] Customer Impact - Existing Zeekr customers are assured that their ownership experience will remain unchanged, with potential enhancements in service and technology offerings [9][10] - The merger is expected to lead to more competitive pricing and better configurations for new models, benefiting consumers [9][10] Industry Implications - This merger is seen as a shift from chaotic competition to a more systematic approach within the electric vehicle sector, setting a precedent for resource consolidation [10][11] - Analysts view the merger as a positive signal for Geely, with several investment firms raising their target prices for the company [10][11]

以下文章来源于并购最前线 ，作者刘博 并购最前线 . 投资界-并购最前线获悉，东风股份和长安汽车同日公告称，双方的间接控股股东正在与 其他国资央企集团筹划重组事项。如出一辙的公告内容，还出现在了多家东风系和兵装 系上市公司公告中。 投资界（PEdaily.cn）旗下，专注并购动态 历史性一刻或将诞生。 作者 I 刘博 报道 I 投资界-并购最前线 一笔超级重组呼之欲出。 虽然双方公告中均未指出互为重组对象，但高度重合的发布时间以及公告内容，令业内 普遍认为，两者重组事宜存在着一定的关联性。由此一来，引发了外界对于长安、东风 重组合并大戏的期待。 历史性一刻 全球第五大车企将诞生 据中国兵器装备集团有限公司官网介绍，其是中央直接管理的国有重要骨干企业、国防 科技工业的核心力量、国防工业和国民经济的战略性企业。旗下的长安汽车，在全球拥 有1 2个制造基地、2 2个工厂，产品远销60多个国家或地区，自主品牌销量突破250 0万 辆。 东风汽车集团有限公司则是以汽车制造、销售、服务和技术研发为主业的商业一类央 企，前身是始建于196 9年的第二汽车制造厂（简称二汽）。50多年来，累计产销汽车近 60 00万辆，上缴税 ...