According to Radio France International quoted the Chinese network in Germany, "Daily" and other media reports, the German auto parts supplier supporting cast Kai Man's World (KSMCasting) the owner is now replaced by the Chinese. Many insiders said on Thursday that China CITIC Dicastal Wheel Manufacturing Co., spent more than 300 million euros from private equity firms bought the Kay Cognetas World Man casting.

     This is by far China's purchase of German company active in the largest corporate acquisition. Previously, the two German auto parts maker Sa solid density (Saargummi) and Rene (Preh) have been acquired by China.

     CITIC Dicastal Wheel Manufacturing Company is the world's largest manufacturer of alloy wheels. And Kay, formerly known as World Man casting ladder Senke Lubo motor vehicle casting, the company acquired in 2005 by Cognetas. Such as the Volkswagen Golf brand car engine base provide all the Man by Kay world.

     According to Cognetas information provided, the company invested more than Kai Man world 1 135 million euros, including the purchase of a production site in China. Since the company bought the world Man Kay, after Kay's World Man turnover grew 39% last year, Kay's World Man Zero 400 million turnover 100 million euros.

     From Opel, Saab, Sa-solid density and a series of mergers and acquisitions activity in the injection can be seen, the Chinese are competing for the European automotive industry. The Chinese government strongly support domestic enterprises to enter the automobile manufacturing, machinery manufacturing, and other rich strategic industries, and has removed some of the administrative constraints.