Six major points in the domestic auto parts field in the first half of 2018
Different types of joint ventures emerged
Since the beginning of this year, China's auto parts industry has entered a wave of joint ventures. On July 5, Changan Automobile and BYD signed a strategic cooperation agreement in Shenzhen, which will jointly establish a joint venture company with new energy power battery production and sales as its main business, which is sufficient to illustrate the continuation of this phenomenon. The joint venture around the parts and components is of course inseparable from the general trend of “new four” catalysis, energy conservation and environmental protection, and the strong drive of the “double points” policy.
In January, at the World Economic Forum in 2018, Zeng Qinghong, chairman of Guangzhou Automobile Group, said that they are negotiating with battery manufacturers to build a joint venture factory in Guangzhou. At about the same time, Shanghai Electric Drive and Dongfeng Industrial (formerly the important part of Dongfeng Motor Group Co., Ltd., which was restructured in October 2017) announced that it will establish a joint venture company, "Dongyang Electric Drive System Co., Ltd.", which will develop an electric drive system. Fuel cell engine system, new energy vehicle core electrical system and other projects. Hai Nachuan signed an agreement with Hai Stanpu to form a "lightweight" auto parts company.
In February, Fuao Auto Parts Co., Ltd. and Valeo Siemens Automotive Electronics Germany Co., Ltd. signed a Memorandum of Understanding to cooperate in the core components of the new energy vehicle powertrain. In March, SAIC Infineon Automotive Power Semiconductor (Shanghai) Co., Ltd., a joint venture between SAIC and Infineon with a 51:49 ratio, officially opened. In April, Hainachuan signed a joint venture cooperation agreement with Hella and Magna. Geely and GAC signed an agreement with Japan Aisin to produce 6AT. Dongfeng Parts and Fuao Co., Ltd. signed a contract to jointly establish Dongfeng Fuao Pump Co., Ltd. On June 21, ThyssenKrupp and Zhejiang Jingu Co., Ltd. and other Chinese partners signed a joint venture agreement to jointly produce lightweight thermoformed wheels... This is not the case in the parts field in the first half of this year. They are only Some typical representatives, but it is conceivable that the market is surging with various variables.
If we want to classify these joint venture cases, we can include: Sino-foreign joint ventures, whole (or parts companies with complete vehicle backgrounds) zero joint ventures and integration of large state-owned enterprises that the industry is eagerly awaiting. Joint ventures as market behaviors are beyond reproach, but from the perspective of the independent development of China's parts and components industry, some joint ventures have filled us with expectations, some joint ventures have high hopes, and some even worry us. New competitors appear, and it is hard to avoid a market segment change. However, no matter how it changes, China's auto parts industry will improve its independent innovation ability, master the key core technologies, and the theme of transformation and upgrading will be eternal.
The speed of upgrading the country's six is accelerating
With the “banned fuel trucks” appearing in the development agenda of some countries and car companies, the internal combustion engine seems to have encountered an unprecedented crisis, which has aroused the attention of the industry. The discussion around this has not stopped since this year.
However, in China, the industry consensus is clear. On January 15th, at the "International Symposium on Transformation and Upgrading of Traditional Fuel Vehicle Power Technology", Wan Gang, vice chairman of the National Committee of the Chinese People's Political Consultative Conference and then Minister of Science and Technology, pointed out: "The internal combustion engine will remain the main force of the automotive power market for a long time. It has an irreplaceable position, especially in freight, passenger and ship transportation, which plays a pivotal role."
The upgrade of the product to the national six standard has become a concerted action of the industry. Engine companies such as Yuchai, Weichai, FAW Jiefang Engine Division, Cummins, Shangfeihong, Hualing Hanma Power have released the National Six products this year. For example, Weichai's masterpiece - the new Euro VI powertrain, including the Weichai WP10H engine, the Fast AT transmission and the Hande axle, all three core components are localized. Yuchai released 14 models of the National Sixth Engine, which is the first series of National Six products released by the domestic internal combustion engine industry. CA6DL3-35E6 is the first national heavy-duty diesel engine launched by FAW Jiefang Engine Division. It integrates EGR post-processing technology with single-channel hot-end control valve to improve the uniformity of exhaust gas in the air and effectively reduce nitrogen oxide emissions. At the 2018 Beijing Auto Show, Shangchai Power exhibited four National Six engines. Dongfeng Cummins announced that the new generation ISZ13 six engine will be listed in 2019...
When the internal combustion engine enterprises were intensively developing the products of the National Sixth, the Shenzhen and Guangzhou municipal governments were eager to propose plans to implement the national standards for light vehicles in advance in March and May this year. The disrupted rhythm temporarily made the engine and related parts suppliers a little confused, but this again sent the industry a signal flare that was transformed and upgraded as soon as possible.
Faced with increasingly fierce market competition and increasingly stringent emission requirements, some internal combustion engine enterprises are actively developing new energy vehicle power technologies while accelerating the transformation and upgrading of internal combustion engines. In May, Weichai Power signed a strategic agreement with Siles Power Holdings Co., Ltd., a supplier of solid oxide fuel cells, to acquire 20% of its shares, and plans to establish a joint venture with Ceres Power in China for solid oxide fuel cells. The field is fully integrated. Yuchai also launched a new generation of hybrid system development and fuel cell system integration project this year.
The upgrade of the national six emission standards is the source of the reincarnation of the internal combustion engine industry. The development of new energy vehicle power is the driving force for the internal combustion engine industry to become new.
Do not move this screw on the car tires!