The executive meeting of the State Council held not long ago, reviewed and approved in principle the adjustment plan for the automobile industry and the steel industry. The "automotive industry restructuring" and "supporting the expansion of scale of mergers and acquisitions by key auto parts enterprises" mentioned in the plan have attracted wide attention from the auto parts industry.

Recently, William G. Diehl, chief executive of the international business consulting firm, Beacon Consulting, believes that in the next 5 to 10 years, affected by the international financial crisis, there will be a large number of auto parts suppliers in the world facing bankruptcy, only those who are resistant to risks. Stronger companies survive. Bao Lingge, general manager of Bakken Business Consulting Asia Pacific, said that most of the auto parts companies in China are small-scale and have more pressure.

Some experts believe that the small scale of China's auto parts companies and the problem of poor industry concentration are once again highlighted in the international financial turmoil. Under this background, Chinese auto parts companies need to rethink how to speed up the scale expansion of enterprises and reduce costs, as well as the challenges faced by foreign auto giants represented by Japanese automobiles in the “integrated development market for complete vehicles and parts”.

Wang Shengtang, Secretary-General of the China Gear Professional Association, said in an interview with reporters that the current domestic spare parts companies are too scattered and urgently need to set up a batch of local large-scale spare parts enterprise groups with international competitiveness, and promote product upgrading of the auto parts industry through key enterprises. Technology upgrades.

According to Guan Xin, Dean of the Jilin University Automotive Engineering Institute, in the development process of China's auto industry, repeated investment and construction are more serious, and mergers and acquisitions will be beneficial to the overall development of the auto industry. In terms of development of key parts and components, there is still a big gap between Chinese companies and foreign companies. By supporting the development of key auto parts enterprises, it will help improve the overall level of China's auto parts industry.

According to statistics, due to the exchange rate and the downturn in the North American auto market, the growth rate of the export market has declined. With the expansion of foreign-funded factories in China, the proportion of foreign components suppliers’ product support and exports to China’s parts and components industry will continue to increase. In particular, Japanese parts and components companies rely on a long-term and stable cooperation relationship between "zero-setting" and the scale of supply has continued to expand. Many of the supporting businesses originally owned by China's local parts suppliers have also been snatched up by Japanese auto parts companies. In the Pearl River Delta region, the performance is more obvious.

Experts believe that despite the rapid development of China's auto parts industry in recent years, there is a huge crisis behind it. The key is that the size of the company is small, and its ability to resist risks is not strong. According to data released by the China Federation of Industrial Economics, only six auto parts companies in China have annual sales of more than US$1 billion, and only 50 companies have sales of more than US$50 million. In short, the scale of local Chinese companies is still small.

"This international financial crisis is an opportunity for China's auto parts industry. As a result of the external 'cold stream' attacks, some companies with high external dependence and economic and technological strength will face bankruptcy or mergers. Upgrading, product upgrading, and cultivating a large auto parts group are opportunities,” said Prof. Zheng Haihang, vice president of the Capital University of Economics and Business.

Li Xianjun, associate professor of automotive engineering at Tsinghua University, also supports this view. At the same time, he believes that through the integration of resources and corporate mergers and acquisitions, it will help improve the overall strength of China's auto parts industry.

As the saying goes, "The East is not bright in the West." When the parts and components of the international market were impacted, the domestic aftermarket service component parts began to receive high attention. The industry predicts that the car after-sales service market in 2010 will reach a scale of 190 billion yuan. In the second half of last year, many domestic parts and components companies supporting commercial vehicles have shifted their focus to developing aftermarket. Similarly, under the conditions of sufficient production capacity, foreign capital has also started to make efforts in the aftermarket, and has formed alliances with foreign chain stores to capture high-end market segments.

Professor Wei Pingnan, the vice president of the School of Economics and Management at Beijing Polytechnic University, started from the perspective of the industry chain and emphasized the importance of market segmentation and the inevitability of developing downstream industries. He said that in the face of rising prices of energy, raw materials, and labor, in addition to corporate restructuring, the auto parts industry needs to create industrial clusters with regional advantages and exert regional economic linkage and radiation effects.

“When I went to Japan in the late 1980s, when I went to Japan, I found that there were only four beer production companies in Japan. In comparison, the Chinese breweries at that time were 'always blooming' and seemed to be scattered. In recent years, the domestic beer industry After integration, several well-established beer production companies have been formed. The auto parts industry is also going through this process. We also hope to see companies with independent brands grow rapidly and join the international competition team.” Zheng Haihang said.

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