Dongfeng and Changan advance merger talks [Yahoo! Finance]
Ford Motor Company (F)
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Source: Yahoo! Finance
The discussions, involving detailed plans for combining the companies, have been communicated to their foreign partners. Dongfeng is valued at $4.89bn and Changan Automobile at $15.65bn, according to data compiled by London Stock Exchange Group (LSEG). This development follows discussions from February, when the two companies were understood to be considering a merger to create a stronger entity. This move aligns with China's strategy to encourage state-owned automakers to become more self-reliant, particularly in the field of new energy vehicles. Changan Automobile encompasses brands such as Chang-An, Deepal, Avatr, and joint ventures like ChangAn Ford, ChangAn Mazda, and JMC. The company recently held a European launch event, announcing its intention to enter at least ten regional markets in Europe by the end of the year. It aims to sell three million vehicles this year, with a target of five million units annually by 2030. Adding to its global expansion efforts, Chan
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