Analysis of the key themes driving M&A activity reveals that electric vehicles accounted for 29 automotive deals announced in Q3 2023, worth a total value of $1.2bn. The $700m minority acquisition of XPeng by Volkswagen was the industry’s largest disclosed deal. GlobalData’s Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q3 2023 report provides an overview of merger and acquisition activity globally and identifies the themes driving the most notable deals announced in Q3 2023 in the automotive industry. Buy the report here.
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In value terms, electric vehicles-related deal activity increased by 229% in Q3 2023 compared with the previous quarter’s total of $365m and fell by 90% as compared to Q3 2022. Related deal volume increased by 45% in Q3 2023 versus the previous quarter and was 12% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Rothschild & Co; Benchmark Investments; Cavendish Financial with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Baker & McKenzie; Allen & Overy; Cleary Gottlieb Steen & Hamilton with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q3 2023 – Thematic Intelligence, buy the report here.
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