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Geely Auto announced that after the October 5 trading period, the subsidiary Zhejiang Power Fit, which indirectly owns 99% of the equity, bought two engine companies for $1.265 billion, which are owned by Zhejiang Geely, its parent company. According to the announcement, Zhejiang Power has agreed to buy Taizhou Engine under a Taizhou acquisition agreement. Zhejiang Power has agreed to buy Taizhou Engine. Taizhou Engine has agreed to sell all the registered capital of Taizhou Target Company at a cash cost of 781 million yuan. Taizhou Engine is wholly owned by Zhejiang Geely, the parent company of Geely Automobile. Mainly engaged in technical research and development, technical advisory services, manufacturing and sales of automotive engines and provide after-sales services in China. On the same day, Zhejiang Power and Guiyang Engine signed a Guizhou acquisition agreement, Zhejiang Power has conditional agreement to buy, and Guiyang Engine has conditional agreement to sell all the registered capital of Guizhou Target Company, the cash cost is 484 million yuan, and Guiyang Engine is owned by Zhejiang Geely and a third party independent of Geely, respectively. 88.64% and 11.36% of the company's equity, mainly engaged in technology research and development, technical advisory services, manufacturing and sales of automotive engines and after-sales services in China.
Other Engine failures 1) water tank rust and scaling. Rust and scaling are the most common problems in engine water tanks. Rust and scale will restrict the flow of coolant in the cooling system, reduce heat dissipation caused by engine overheating, and even cause engine damage to form acid, corrosion of metal parts in the tank, resulting in tank damage, leakage. Regular use of tank tension efficient cleaning agent to clean the water tank, remove rust and dirt which ensure the normal operation of the engine, and can extend the overall life of the water tank and engine. 2）the cooling system is in bad condition. The lubrication system is especially important for automobile engine maintenance, and little attention is paid to the cooling system. It is unknown that the most common troubles of automotive engines, such as piston cylinder pulling, knock cylinder punch internal leakage of serious noise, acceleration power drop is due to the abnormal temperature of the automotive engine, excessive pressure caused by poor condition. The bad condition of the cooling system will directly lead to the engine can not work at normal temperature, which will lead to the above serious failure phenomenon. Feilong Jiangli will share other kind of failure.