The financial crisis hit overseas auto giants. In 2009, the Chinese auto industry was thriving. The three major auto markets in North America, Western Europe, and Japan all experienced declines that have not been seen for many years, and China has leapt into the production and sales of tens of millions of cars. The share of the global auto market has increased from 13.3% in 2008 to more than 20% in 2009. .
With the rising production and sales volume of automobiles, the production and sales volume of parts and components has also risen steadily. The Chinese auto industry seems to be experiencing a “warm winterâ€. However, the more "hot market," the more it must be "cold thinking." While cheering for the domestic auto industry, we must also see the industry's shortcomings. The increase in quantity does not imply an improvement in quality. Automobile powers do not necessarily mean that they are car powers. When will they appear in globally influential national brands? It seems that there is still a long way to go. The whole vehicle is such that parts and components are even more so.
An industry source said that if we give China's vehicle companies 60 points, our parts companies can only get 40 points. Domestic parts and components companies have a great gap between technology and technology and foreign countries, especially some core components. Taking Beijing Hyundai as an example, most of the company's profits have been transferred to the modern foreign-owned parts and components company MOBIS. The Chinese parts supplied to Beijing Hyundai are all lower prices as the OEM's vehicle prices drop, while MOBIS is not. This shows that the short parts of domestic parts and components companies.
Of course, not all parts and components companies in China are commendable. For example, companies such as Fuyao Glass, Zhongding, Weichai Power, etc. have done well in their respective fields, and some companies have even received overseas. Customer recognition. The reality that must be seen is that the products of companies such as Fuyao Glass are not the key parts of automobiles, and they are also vulnerable to the rise of trade protectionism.
In key areas such as powertrains, there are no domestic auto companies. Although we also have relatively well-engineed companies, such as Weichai Power, there is still a big gap compared with overseas heavy truck engine giants, and their core parts still need to be imported from overseas and are subject to expensive quotations.
Building the core competitiveness of domestic auto parts is imminent. Analysts said that to shorten this gap, we must first make great efforts in research and development, hard work, followed by the market. Increasingly stringent energy conservation, environmental protection, and global regulations and standards have increased the urgency of technological advancements in the parts and components industry. The reality is that most domestic parts and components companies are reluctant to invest and are only satisfied with extensive growth.
To be fair, compared with companies in developed countries, domestic auto parts companies will start much later, while leading foreign companies have not relaxed R&D, and there are also advantages in terms of talent team and management. Under such circumstances, companies do have difficulties by relying on their own hard work, struggling to catch up and achieving transcendence. However, this cannot be a reason to be left behind. It is true that most of the parts and components companies do not have catch-up conditions, but they should be more aware of their own shortcomings, have a sense of crisis and urgency, pay close attention to research and development, exercise internal strength, otherwise the gap will increase.
We have seen that some companies have seized the opportunity provided by the financial crisis, overtaking and overtaking overseas acquisitions. If BAIC successfully acquires Saab Technologies, Geely and Ford have reached a framework agreement to acquire Volvo. Regardless of the ultimate effect, at least this approach shows that companies are not lagging behind their ambitions, but also provides a way for component companies to achieve leapfrog development.
Of course, overseas mergers and acquisitions are not easy to do. Beiqi and Geely are very strong companies. There are not many companies that have such conditions. Even Xu Heyi, chairman of Beijing Auto Holding Co., Ltd., also expressed emotion that if there is no financial crisis, the company will not have such a good opportunity. In fact, companies that can finally stand out from the crowd are already rare. We hope to see world-class auto parts giants in China as soon as possible.
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