Analysis of the key themes driving M&A activity reveals that electric vehicles accounted for 24 automotive deals announced in Q2 2024, worth a total value of $1.3bn. The $690.6m minority acquisition of Zhejiang Hozon New Energy Automobile by Ltd., Nanning Minsheng New Energy, Tongling State-owned Capital Operation Holding Group and Yichun Jinheng Equity Investment Co. was the industry’s largest disclosed deal. GlobalData’s Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q2 2024 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.
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In value terms, electric vehicles-related deal activity increased by 263% in Q2 2024 compared with the previous quarter’s total of $357.8m and rose by 254% as compared to Q2 2023. Related deal volume increased by 33% in Q2 2024 versus the previous quarter and was 26% higher than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in H1 2024 were Lazard; BNP Paribas; Chardan Capital Markets with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Allen & Overy; Cooley; Dorsey & Whitney with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q2 2024 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.
