2007 parts and accessories industry staged investment drama
Non-Standard Automation Equipment Non-Standard Automation Equipment,Automatic Winding Machine,Brand Fully Automated Manipulator,Face Mask Ear Strap Machine RFC PRECISION MACHINE LIMITED , https://www.rfc-sz.com
Great Wall invests 2 billion yuan to build an engine plant
News playback
On January 18, 2007, the relevant person in charge of Great Wall Motor Company stated that Great Wall will invest RMB 2 billion to build an engine plant with an annual production capacity of 400,000 engines, and it is expected to start production in the first half of 2008.
The construction of the Great Wall engine project will promote its export. Wang Fengying, general manager of Great Wall Motor Company, said that the Great Wall will use Greece, Spain and Portugal as breakthroughs to enter the European market and hope to break into the US market. At present, Great Wall Motors already has three vehicle production bases for pickup trucks, SUVs, and CUVs, as well as a production base with an annual output of 200,000 engines. According to the plan, by 2010, another 100,000 passenger car production base and a spare parts production base will also be completed. By then, Great Wall Motor's comprehensive production capacity will reach 500,000 vehicles, and form a large-scale automotive industry cluster.
Comments: In the next few years, Great Wall Motor Company plans to invest 10 billion yuan for the basic construction and new product development of complete vehicles and parts and components bases. Great Wall Motor Co., Ltd. has maintained sales volume for the first time in the domestic pickup market for 9 consecutive years, and has won the championship of domestic SUV sales for four years. Since 2005, the Great Wall has realized its dream of a car step by step. Great Wall will develop and produce components such as engines and transmissions, and will provide comprehensive system guarantees and support for bigger and stronger car projects.
Foxconn invests in auto parts manufacturing
News playback
Foxconn, a company known for its 3C (computer, communications, and consumer electronics) products, has a role to play in automotive parts manufacturing. On February 12, 2007, Ding Qi'an, a spokesman for Hon Hai Precision Industry Co., Ltd. of Taiwan, China, revealed that Foxconn Holdings Co., Ltd., a Hong Kong-listed subsidiary, will build two industrial parks in Liaoning. This is Foxconn’s first large-scale investment in the northeast.
Foxconn Technology Group will set up two new plants in Shenyang City and Yingkou City. The factories in Shenyang mainly involve precision CNC machine tools and nano-copper-magnesium alloy automotive parts and components projects; in Yingkou, the coastal industrial bases are mainly invested in the production of electronic products such as printed circuit boards. Foxconn's investment in Liaoning, in addition to its electronic business, also involves the manufacture of auto parts. Although Foxconn's business does involve precision mold technology, this is Foxconn's first indication since entering the mainland that it will enter the auto parts manufacturing sector. Although they refused to disclose the specific amount of investment, there are still well-informed sources that the Hon Hai Group plans to invest $1 billion in Liaoning. According to media reports, Foxconn started to manufacture auto parts. Foxconn Technology Group president Terry Gou stressed that the company "will not enter the ranks of vehicle manufacturing."
Comments: Some analysts said that Foxconn's move is mainly aimed at the huge automotive market in the Mainland. The Northeast is an important base for automobile production. It is said that Foxconn has entered the auto parts industry and mainly wants to use the cost advantage of the Mainland to enter the supporting system of global heavyweight vehicle companies. Its cost-consciousness, quality awareness, and service awareness will cause the mainland parts market to be challenged, and even cause parts manufacturers to reshuffle their brands. The automaker will obtain cheap and good supporting products from here.
JAC Motor Company
Cooperation with American Lear Group
News playback
On March 21, 2007, Anhui Jianghuai Automobile Group Co., Ltd. and the American Lear Group Corporation held a signing ceremony for a joint venture of automotive electronics and electronics in Hefei. Lear Corporation will jointly establish a car parts joint venture company with Jianghuai Automobile Co., Ltd. and promise to provide all-round support to the joint venture company.
The joint venture company will provide high-level supporting parts and components for JAC cars to fully support the implementation of JAC's passenger car development strategy. According to the person in charge of the Jianghuai Automobile Company, the mid-to-high-end car market is the focus of Jianghuai Automobile Company's entry into the car market as an independent brand, and JAC Motor Company will use its own advantages to create a differentiated brand image.
Comments: The American Lear Group Corporation is the world's fifth-largest supplier of automotive parts and components, with strong component development and manufacturing capabilities. Jianghuai Automobile Company's cooperation with Lear Group is to ensure the quality of its cars. In-depth cooperation with the world's top companies, the use of its resources to seek their own development, its supporting system to achieve first-class level.
Huatai invests 11.8 billion yuan
Build diesel engine production base
News playback
In 2007, Huatai Automobile Group announced the construction of the largest diesel engine production base in China and will build a complete vehicle production line.
Huatai Automobile Group plans to build a production line of 150,000 vehicles a year in 2008 and a production line of 500,000 units of clean diesel engines in 2012. By 2020, it will achieve an annual output of 1 million engines. In addition, there will be 29 varieties of 13 models of five series that will be brought to market one after another. The total project investment is expected to be 11.8 billion yuan. The person in charge of the Huatai Automobile Group said that the project will occupy an area of ​​5.5 million square meters, and 3 billion will be invested in the construction of an engine production line. After the project is completed, Huatai Automobile Group will be the largest diesel engine manufacturer in China.
Comments: Huatai Automobile Group's construction of a production base will form a full range of product production patterns, which will increase its weight in the Chinese automotive industry. In the next few years, Huatai Automobile Group is expected to seize the leading position in the domestic SUV market. The launch of the diesel engine of Huatai Automobile Clean Car means that China's automobile industry has taken a solid step in the dieselization of passenger cars and will also play an active role in accelerating the dieselization of cars in China. Huatai Automobile Group clean diesel engine diesel engine project is located in Ordos City, which is a high-speed economic development in Inner Mongolia Autonomous Region. The project is of great significance to the economic development and industrial restructuring of the Inner Mongolia Autonomous Region.
Cummins invests in production of engine fuel systems in China
News playback
On June 8, 2007, Cummins' 13th manufacturer Cummins Fuel Systems (Wuhan) Co., Ltd. was established in Wuhan Economic and Technological Development Zone. Xiong Zhenhong, General Manager of the Cummins Fuel System Plant in Wuhan, said that the plant has a total investment of US$10 million and the production includes Cummins common rail fuel pumps, diesel engine fuel system products and related parts and components. This is the first time that Cummins has set up a fuel system production plant outside of North America.
“The fuel system is a key technology for modern diesel engines. Cummins is committed to using locally produced engine products to meet increasingly stringent environmental standards and customer requirements for engine performance. The fuel system products produced at the Wuhan plant will be for Dongfeng Cummins and Xi'an Cummins. The production of automotive engines provides strong support,†said Cao Side, vice president of Cummins Group in emerging markets such as China, India and Russia.
Comments: The establishment of Cummins Fuel System (Wuhan) Co., Ltd. marks a new jump in Cummins's domestic production capacity. With stricter emission regulations and rising fuel prices, diesel engine users expect that the new generation of engines will have higher reliability, durability, power and fuel economy while meeting environmental protection standards. Advanced fuel systems will achieve these goals. One of the key technologies required. Cummins has also set up an R&D center in China and is committed to the research and development and production of advanced engines, providing Chinese auto manufacturers with more parts and components products, and it also poses challenges for local component manufacturers.
British Schefenacker and Huaxiang Electronics Form Automotive Parts Joint Venture
News playback
In 2007, Schefenacker, headquartered in the United Kingdom, and Ningbo Huaxiang Electronics Co., Ltd. established a joint venture in China to produce exterior mirrors and other automotive components.
The new plant, located in Ningbo, will be put into operation in the summer of 2008 and will supply exterior mirrors and dispenser components for Volkswagen Group and General Motors' local vehicles. Schefenacker has assembly plants in Beijing and Yancheng, Jiangsu. The partners have promised to contribute about 10 million euros in the next two years.
Comments: The CEO of Schefenacker, Oriei Brunck, said: “To us, China is a very important strategic base. We have established a joint venture with trusted Chinese partners to expand our fastest growing in the world. The strategic impact of the Chinese automotive market.†Wang Rui, general manager of the joint venture company, said that the rapid response of customers is the best recognition of the joint venture. He said: "We are preparing to quickly and comprehensively increase the factory's production capacity." With the development of the Chinese automobile market, many international parts and components manufacturers have accelerated the pace of investment and cooperation in China. This cooperation shows that Schefenacker tried to share a share in China.
Baosteel Nippon Steel Automobile Co., Ltd. increased capital of RMB 1.6 billion
News playback
In November 2007, Baosteel Group announced that Baosteel Nippon Steel Carboard Co., Ltd., a joint venture with Nippon Steel and ArcelorMittal, invested 1.6 billion yuan to build a hot-dip galvanized automobile plate in Baori Automobile Board Co., Ltd. The production line will be put into production in 2010.
Currently, Nippon Steel Group and Baosteel Group, which ranks second and fifth in the world, have a joint venture company, Baori Automotive, in Shanghai. Baosteel Group and Nippon Steel respectively hold 50% and 38 of this joint venture company. %, the remaining shares are owned by Arcelor Mittal. The annual production scale of Baori Automobile Board Co., Ltd. is 1.7 million tons. The newly-built hot-dip galvanized automobile board production line will specialize in the production of high-grade alloyed automotive panels with a designed annual production capacity of 450,000 tons. Therefore, Baori Automobile Board will become China's largest automotive steel plate production company to meet the needs of Japanese car dealers operating in China.
Comments: At present, China's auto production soars, resulting in the continuous warming of the automotive steel plate market. It is expected that the commissioning of this plant will intensify competition in the Chinese automotive steel plate market. After the establishment of the Baoji Auto-Board Joint Venture, the relationship between the two parties became closer. Nippon Steel entered the Chinese auto board market and focused on the huge business opportunities in China's fast-growing auto market. The production of automobile panels, especially automotive exterior panels, is very difficult and requires very advanced technology. Baori Automotive Panel Company has consolidated the strength of the top three steels and can create unique advantages in technology, quality, management, cost and service. , Providing first-class automotive panels for high-end customers.
Honda builds new engine plant in Guangzhou
News playback
Honda Automobile Co., Ltd. announced in December 2007 that Honda Motor Co., Ltd. and Guangzhou Auto Group Co., Ltd., each holding a 50% joint venture, Guangzhou Honda Automobile Co., Ltd., will build a new engine production plant and plan to invest approximately 30 billion yen. The plant will be put into production in 2009 and Honda’s annual production of engines in China will increase by 200,000 units. The new plant will produce environmentally friendly, energy-efficient 1.3L and 2.4L petrol engines, mainly for Accord, Odyssey and FIT. At present, Honda is mainly producing engines for Dongfeng Honda Automobile Co., Ltd. in China. Dongfeng Honda Automobile Co., Ltd. is a joint venture between Honda Automobile Co. and Dongfeng Motor Co., Ltd., which each contributes 50%. The joint venture is now able to produce about 500,000 engines per year, mainly for auto manufacturing plants in China, while also supplying a subsidiary for the European market.
Comment: Honda's move is to catch up with the car production of multinational car companies such as German Volkswagen. Honda plans to expand the existing production capacity of Dongfeng Honda Motor Co. in 2009, and Honda’s annual production in China will increase to 700,000 vehicles.