In the Chinese automotive industry, there were 14 M&A deals announced in Q4 2023, worth a total value of $2.7bn, according to GlobalData’s Deals Database. The $1.6bn minority acquisition of Zhejiang Zero Run Technology by Stellantis was the industry’s largest disclosed deal. GlobalData’s Automotive Industry Mergers And Acquisitions Deals By Top Themes In 2023 report provides an overview of merger and acquisition activity globally and identifies the themes driving the most notable deals announced in 2023 in the automotive industry. Buy the report here.
In value terms, M&A activity in China increased by 80% in Q4 2023 compared with the previous quarter’s total of $1.5bn and rose by 49% as compared to Q4 2022. Related deal volume increased by 27% in Q4 2023 versus the previous quarter and was 22% lower than in Q4 2022.
The top-ranked legal advisorss supporting these M&A deals in China Q4 2023 were Clifford Chance; Cleary Gottlieb Steen & Hamilton with 2, 1 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In 2023 – Thematic Intelligence, buy the report here.
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