Development trend of auto parts and domestic enterprise development strategy

The grim situation facing the auto parts industry

As GM will file for bankruptcy protection, auto parts suppliers require automakers to pay as soon as possible, further exacerbating the heavy pressure on the latter.

Automakers need these suppliers, but on the other hand, they don't have enough money to pay, and these suppliers don't want automakers to go bankrupt.

Affected by the financial crisis, a large number of parts manufacturers supplying the United States have stopped production, and the demand in the United States and Europe is insufficient.

According to US law: If an automaker submits an application under Chapter 11 of the Bankruptcy Law, it may ask the court to see that some suppliers have a “critical” status, meaning that these suppliers will continue to receive payments but not all suppliers will Awarded a coveted and important supplier status.

The first US bankruptcy file was Delphi.

The second is Kangtai (a supplier of lightweight die-casting parts). In 2008, Kangtai's turnover was US$223 million, down 30% year-on-year.

The third road to bankruptcy protection is FRS. Its business scope includes power steering systems, fuel processing systems, etc., providing auto parts for Ford, GM, Chrysler and Toyota. In 2008, its operating income was US$212 million.

In 2008, a total of eight auto parts companies in the United States filed for bankruptcy protection.

The US Treasury will launch a $5 billion bailout program to help stabilize the situation in the US's troubled auto parts suppliers. But the decision is in the hands of Chrysler and General Motors.

The government of Canada announced on April 7 that it has rescued auto parts suppliers and is ready to take all possible measures, including bankruptcy protection, for GM and Chrysler's Canadian subsidiary.

Supply chain adjustment storm.

It is reported that Chery has reduced the existing 700 suppliers to less than 500. Geely and Jianghuai have also joined the slimming plan. Volkswagen has just announced the "2018 China Plan". It will provide 700 national suppliers for the North and South Volkswagen. Streamlined to 450 to 500, while developing 60 to 70 of them into the public's global procurement system.

Basic situation of domestic auto parts industry

From January to November 2008, the total industrial output value was 865.8 billion yuan, the industrial added value was 204.2 billion yuan, the total industrial assets reached 753.4 billion yuan, and the total industrial profits reached 53.88 billion yuan. China has become the fourth largest auto parts producer. And in the exporting country; in 2007, the number of employed people in the auto parts industry has reached 1.59 million, accounting for 60.7% of the auto industry.

Relevant content of the automobile industry adjustment and revitalization plan

"In the next three years, 10 billion yuan will be arranged in the newly added central investment as a special fund for technological progress and technological transformation, with emphasis on supporting automobile manufacturers to upgrade their products, improving key technologies such as energy conservation, environmental protection and safety; and developing key key points for filling domestic gaps. To become a product; to build a common technology development and testing platform for automobiles and parts; to develop new energy vehicles and special parts."

"Improve the support for the industrialization of new energy vehicle power modules, the upgrading of internal combustion engine technology, the industrialization of advanced transmissions, the industrialization of key components, and the construction of automotive key component technology centers that combine independent production and testing institutions with 'production, learning and research';" "Supporting key auto parts companies to expand their scale through mergers and acquisitions."

Aftermarket still grows

China's parts and components prices are relatively low, and the export market is mainly for the European and American supporting markets, with a small OEM volume. The financial crisis has weakened the enthusiasm for buying new cars. More and more people are turning to maintenance and repair of old cars. In the first half of 2008, the US auto service market still maintained a growth of around 5% in the Great Depression.

Expand global procurement

The accelerated deepening of the financial crisis has not affected the Chinese procurement process of the global automotive industry. The world's major OEMs and Tier 1 and 2 suppliers still maintain considerable enthusiasm for obtaining information on China's auto parts procurement.

Construction component production cluster

Gaoling County in Shaanxi will build the largest auto parts base in western China, with an investment of more than 4 billion yuan in the first phase. It has attracted more than 40 well-known auto parts companies at home and abroad.

CITIC Guoan Group will form a strategic partnership with internationally renowned companies such as Michelin and Degussa of Germany to invest in electric vehicle projects in Nantong.

The accumulated investment of the project is expected to exceed RMB 15 billion. It is planned to build a new energy vehicle and key component industry base with first-class technology level in Nantong in five years to build an industrial chain with an output value of more than 200 billion yuan.

The development of Henan auto parts industry cluster began.

Zhengzhou Zhongyi gathered more than a dozen supporting parts and components companies such as Taixin Interior and Guoji Trading. Jiaozuo, Xinxiang, Luoyang, Nanyang, Xuchang, Hebi and other places have initially emerged as advantageous new parts and components industry clusters, becoming a new platform for the development of automobile and parts industry in Henan Province.

In 2010, the goal of Henan's auto parts industry development is: the province's auto parts industry strives to achieve sales income of 120 billion yuan.

Baoji High-tech Zone (Caijiapo) Automobile Industrial Park in Shaanxi Province has signed contracts with more than 20 domestic key component companies.

In North China Light Vehicle City, hundreds of parts and components enterprises such as Great Wall Internal Combustion Engine, Jinfengfan, Lingyun Industry, Lizhong Wheel and Tianye Gear have been settled. The medium-term goal in 2010 is to support Baoding’s automobile production capacity to 800,000 units. , to achieve sales revenue of 50 billion yuan.

The northern Mercedes-Benz heavy-duty truck production base in Penglai, Shandong Province, has driven more than 20 automobile manufacturing projects such as FAW Shandong Steam Reform, Shunda Special Vehicles Refit, and Korea Daewoo. It has attracted Beichi Wheel, Xinqiao Machinery, and Delian Chemical. More than 30 parts and components supporting enterprises such as Deutsche Warehousing and Rongxin Machinery have settled, covering more than 200 kinds of auto parts such as axles, wheels, drive shafts, chassis, bumpers and small brakes.

The Shenyang Auto Parts Industrial Park in Hunnan New Area is closely related to the automotive engine projects such as Aerospace Mitsubishi, Shin Kong Brilliance and Shenyang Aerospace Shin Kong. It has introduced Shenyang Yi Shite Auto Parts, Shenyang Xinguang Huayu Automobile Pump Industry, Dalian Guangcheng. Industrial, Shenyang Yidong four-ring clutch and Canada Lihe have supporting enterprises.

In Zhaoqing, Guangdong, more than 20 auto parts manufacturers have been concentrated. The leading products mainly involve cylinder blocks, cylinder heads, cylinder heads, casings, pistons, cylinder liners, intake manifolds, valves and connecting rods of various types of automobile engines. Automobile accessories, etc., is a small component industry cluster that is completely focused on automotive engines.

Among the 14,500 Chinese and foreign companies in Suzhou Industrial Park, there are many well-known parts companies belonging to the world's top 500, such as Germany Bosch, ZF, Delphi, DuPont, Japan Hitachi, Dongjigong, Renesas Technology, Canada Magna , British BP and other auto parts and related products company.

Since the Shanghai International Automobile City Construction Project was fully launched in Anting, the total investment in fixed assets of the park has exceeded 30 billion yuan, and more than 280 projects have been introduced, including 13 of the world's top 500 enterprises, including Delphi, Magna and Lear. Baosteel Arcelor and other companies. The park has initially formed an automobile industry chain integrating body, door, chassis system, safety system and interior system, and has developed into an important auto parts industry base in China.

Joint merger of component companies

The vehicle industry is about to enter the era of mergers and acquisitions, which will be transmitted to parts suppliers. Moreover, from the inside, the excessive number of parts and components entrepreneurs is not conducive to the scale effect, and it is difficult to resolve the cost pressure caused by the decline in vehicle prices.

Adapt to new production models

Automakers are increasingly modularizing and systematically sourcing, and the collaboration between suppliers is closer, allowing auto parts factories to rapidly reduce the number of parts in the car and form new assembly modules. The global auto parts supplier system has gradually evolved into a pagoda-type structure, forming three distinct levels: the entire supply chain is managed by the first-tier manufacturers, and the first-level component suppliers and parts suppliers are the second and third. Level suppliers make the cooperation between supply chains more standardized.

Enhance research and development capabilities

Component companies are ahead of their research and development, at least in parallel with OEMs, and the product development cycle has been significantly shortened. The vehicle manufacturer's need for auto parts is increasingly dependent on external independent parts and components factories. The responsibility of the parts and components factory is no longer limited to the traditional sample or map processing status, but also bear the responsibility. The full responsibility of product design and development, manufacturing inspection, quality assurance, timely delivery and market services.

Good opportunities for overseas acquisitions

Beijing West Heavy Industries Co., Ltd. said it would acquire Delphi and Geely Automobile, the world's largest auto parts suppliers, to acquire DSI, the world's second largest transmission company. Weichai Power and a French component company are in contact.

The acquisition of Delphi includes eight production plants in Poland, the United States, Mexico, China, France, five technology centers and 14 technical support and customer service centers. This portion of the assets is a relatively advantageous part of Delphi's traditional business, including thousands of intellectual property and several of the world's top technologies.

Jingxi Heavy Industry Co., Ltd. is a joint venture established by Beijing to promote the acquisition. It is jointly funded by Beijing Fangshan State-owned Assets Management Co., Ltd., Shougang Corporation and Baoan Investment Development Co., Ltd.

The Beijing Municipal Government has prepared a $6 billion acquisition for this purpose, and plans to acquire all of Delphi's business in the next three years.

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