The cooperation between SAIC and Nanjing Iveco has been recognized by the media as "the largest merger and acquisition case in the history of the domestic automotive industry". As the best asset of Nanjing Automobile Group, Nanjing Iveco's participation at that time enriched the commercial vehicle product line of SAIC Motor. The abundant capital and platform resources held by SAIC Group successfully supported Nanjing Iveco's position as the leader of domestic light commercial vehicles.
Shangnan Cooperation is not a simple superposition of the "list of names" of the two major listed companies, but rather the integration of culture, systems, and processes. To ensure the orderly connection of the commercial vehicle sector on the basis of ensuring continuous work, harmony and stability. In the first year of Shangnan Cooperation in 2008, Nanjing Iveco began to implement a number of measures in the supply chain, such as the establishment of a supply chain management committee, the issuance of supply chain management and construction guidelines, the simulation of value chain operations, the introduction of SQE projects, and the optimization of procurement business organizations and Centralized procurement of business processes, etc., thereby realizing the integration of its resources and deepening the work of reducing costs and increasing efficiency.
After integrating into SAIC, Nanjing Iveco's reform and exploration was first reflected in product development. 2008 Young Peugeot New Products Baodi debuted at the 2008 Beijing International Auto Show. The model featured European synchronization technology as its core concept, high-performance powertrain, excellent environmental protection capabilities, and humanized design security protection. It became a hot product in the light passenger market at the time. , set a new benchmark for domestic European light passengers. In September 2008, Yuejin brand new product Oka was listed, and Yuejin Oka fully adopted Iveco's powertrain and reached the European truck standard. In the domestic market, it set a new coordinate for light-card users. The launch of two series of new products, Iveco Bodi and Yuejin Eka, enhanced Nanjing Iveco's product competitiveness and provided further support for Nanjing Iveco's market sales and profitability enhancement.
In an instant, South-South cooperation has come four years. As the largest reorganization project in the history of the Chinese automobile industry, Shangnan cooperation has attracted much attention. After the cooperation with South Africa, the status of Nanjing Auto's legal person remains unchanged, its registration place remains unchanged, and taxation remains in Nanjing. All SAIC assets, regardless of their strengths and weaknesses, are fully accepted by SAIC. The 15,000 employees of Nanjing Auto also entered the new company, and their policies and treatment remain unchanged. Judging from the social benefits, the way of South-South cooperation is relatively perfect, taking into account the interests of enterprises, the central government, and local governments, and has not caused any social burden. More importantly, in the shortest possible time, the South-South cooperation activated Nanjing Iveco, which once served as Nanjing Nanjing's best asset, and once again led the former leader of China's light passenger market.
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