Shanghai Automobile Overseas Acquisition Sword refers to new energy

2009 Sales and operating record of the auto industry leading Shanghai Automobile (600104), sales continued this year, the first 4 months year-on-year growth of 54%. In the face of the overall growth rate of quarterly decline in the auto market, Shanghai car has been a rainy day, to complete the year 3 million sales target full of confidence.　　Because the product camp is more powerful, the inventory is low, the cost control is effective, the company expects this year performance will have two digits above growth. At present, the company has begun to expand the United Kingdom, India and other international markets, but still wary of overseas acquisitions. Peak, the company's finance director, said that in the next few years, mergers and acquisitions at home and abroad will enter a high-density period, the company will certainly not give up the opportunity to merge. But in the acquisition of production facilities, brand mergers and acquisitions, because of the difficulty of integration, it is still cautious. The company will focus on a number of core components, key components, including new energy, technology, mergers and acquisitions opportunities, hope the acquisition of the target can enhance the company's independent development capabilities and research and development level.