On July 28th, Chinese auto giant SAIC Motor is set to take a major step in its international expansion by finalizing the acquisition of Ssangyong Motor. According to reports, the company will sign a formal agreement on Thursday to acquire a 48.9% stake in the South Korean automaker. This move aligns with the original timeline outlined in the Memorandum of Understanding (MOU) signed between the two parties.
SAIC Group spokesperson Xue Hao confirmed that the acquisition is progressing smoothly and that all steps are in line with the agreed schedule. Meanwhile, Ssangyong’s spokesperson, Kim Beom Seok, revealed that SAIC’s leadership will visit two of Ssangyong’s plants from Monday to Thursday. Additionally, Chaoxing Bank, one of Ssangyong’s largest creditors, confirmed that SAIC will pay approximately $500 million for the stake.
The acquisition process began back in June 2022, but it wasn’t without challenges. Initially, Bluestar Group, another state-owned enterprise, had secured preferential bid rights due to a lower price offer. However, negotiations were paused in March this year over pricing disagreements. Industry analysts suggest that Bluestar’s withdrawal was unrelated to regulatory approvals.
In July, SAIC emerged as the preferred bidder after outperforming a U.S. pension fund. Chaoxing Bank cited SAIC’s strong financial offer, favorable terms, and clear plans for future growth as key factors in their decision. SAIC also pledged to maintain Ssangyong’s operations in Korea, invest in its facilities, and explore opportunities for expanding into international markets, including China.
Concerns about job cuts and employee benefits were addressed by SAIC, which emphasized the importance of retaining the existing workforce and management team. If the deal is finalized, SAIC will become the first Chinese automaker to acquire a foreign car company, marking a significant milestone in China’s automotive industry.
This acquisition is expected to boost SAIC’s technological capabilities and accelerate the development of its own-brand vehicles. At the same time, it could help Ssangyong gain a stronger presence in the Chinese market. (Qian Yujuan)
Related topics: SAIC commercial vehicle expansion
Excavator Final Drive
â… . Strong power source
ZHTE HYDRAULIC excavator final drive is the core of the excavator's walking force. The excavator final drive is composed of the travel motor and the Excavator Travel Reducer, which is also called the traveling motor assembly. The excavator is equipped with a excavator final drive on both sides, which can directly drive the crawler and give the machine a strong action force to achieve forward and backward movements. The excavator final drive, as the key power output device of the hydraulic system, converts the hydraulic energy into mechanical energy efficiently. This is obviously different from the Excavator Hydraulic Pump. The pump converts the mechanical energy into hydraulic energy, while the walking motor runs in the opposite direction. Through this energy conversion, a huge torque and continuous rotational motion are generated, providing strong power for the walking of the excavator. The excavator travel reducer realizes the deceleration effect of power transmission through planetary gear.

As the power output unit of the whole hydraulic system, the excavator final drive is similar to the excavator hydraulic pump in structure. However, its working principle is quite different from that of pump. The pump converts the mechanical energy into the hydraulic energy, while the travel motor converts the hydraulic energy into the mechanical energy efficiently, so as to generate huge torque, provide strong power for the walking of the excavator, and realize continuous rotation motion.
â…¡. Complete product models
ZHTE HYDRAULIC is always on the top in the production of excavator final drive. The product types are extremely complete and can be widely used for excavators of different brands and models. No matter what the specification and performance requirements of the excavator are, we can find the most suitable hydraulic motor in the product series of . This variety of product model selection provides users with great convenience and flexibility. Users do not need to worry about the difficulty in finding suitable traveling motor assembly due to the difference of excavator brand or model. With comprehensive product coverage, ZHTE meets diversified market demands and becomes the trust choice of many excavator users.
â…¢. Superior quality assurance
1.Quality control
The ZHTE travel motor assembly is subject to strict quality control during production. From the selection of raw materials to each production link, there are professional technicians for strict inspection. Whether the inspection of casting blank, rough turning and fine turning inspection during processing, inspection after normalizing, carburizing and other special processes, and various tests before assembly, assembly process and ex-factory, all ensure the high quality and reliability of the product.
ZHTE's persistent pursuit of quality makes its walking motor assembly win a good reputation in the market, providing a solid guarantee for the stable operation of the excavator.

2.Production process
(1) Casting blank (inspection)
(2) Rough turning (inspection)
(3) Normalized (inspection)
(4) Fine turning (inspection)
(5) Gear teeth (inspection)
(6) Boring (Inspection)
(7) Chamfer (Inspection)
(8) Carburizing (Inspection)
(9) Gear chamfering and deburring (inspection)
(10) Shot peening (inspection)
(11) Inspection, warehousing and rust prevention (inspection) according to drawings
(12) Inspection before assembly
(13) Cleaning before assembly
(14) Assembly (automatic assembly line)
(15) Product form and performance test, ex-factory test
(16) Fill lubricating grease
(17) Painting treatment (inspection)
(18) Packing and packing (inspection)
(19) Warehousing of packaged finished products
ZHTE HYDRAULIC excavator final drive is subject to whole-process inspection, with strict quality control, EU CE certification and quality assurance.
Our products
include: Excavator Hydraulic Pump, Excavator Final Drive,Excavator Swing Motor, Excavator Travel Reducer, Excavator Swing Reducer, Swing Bearing ,Hydraulic Breaker
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XINGTAI ZHONGWEI ZHUOTE HYDRAULIC TECHNOLOGY CO.,LTD , https://www.zwzhtehydraulic.com