Let’s talk about Geely’s acquisition of Volvo first.

Before the acquisition, Volvo belonged to Ford of America. During the 2008 economic crisis, Ford almost collapsed and remained in the doldrums for more than a year. Volvo was an unprofitable brand in Ford's hands. At this time, any savvy businessman will think of a way to keep Ford, and that is to simplify. So Ford started selling Volvo, allowing Ford to focus on its own cars.

As for Geely, it manufactures and produces cars. It is in a period of rapid growth. It has the funds and strength. It is a good choice to choose Volvo. The two hit it off immediately.

What I want to say is that Geely’s acquisition of Volvo may seem like a snake swallowing an elephant, but it is actually beneficial to Geely without any harm, and it is also a very good business for Ford. For example, it is like an adult giving extra food to a hungry child.

Tengzhong’s acquisition of Hummer is completely different and was not favored from the beginning.

There are many reasons. Tengzhong does not have the corresponding qualifications and abilities to manage the horse well. Even if it buys it, it still has to invest a lot of manpower, material and financial resources to revive the power of the Hummer. This is Tengzhong's problem. . Hummer also has problems, with poor sales and many technical reasons. At the same time, it has also encountered resistance from the US government or related agencies. To use another analogy, a vegetarian is given a piece of meat and cannot eat it without knowing how to eat it.