In 2007, the auto parts industry staged an investment "big play"
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
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.
Jianghuai Automobile Company: Cooperation with American Lear Group
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 RMB 11.8 billion to build diesel engine production base
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.
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