Local auto parts companies are quite industrial backbone

In 2014, many local auto parts companies in China ushered in the 20th and 30th birthdays of the company. Many of the parts and components companies that accompany the development and expansion of China’s automobile industry started from the hands-on workshops, and some were located in remote “three-tier companies.” Over the past few decades, they encountered the pains and technological changes in the reform of the enterprise system and mechanism. Difficulties, lack of funds, embarrassment, macroeconomic changes, product upgrade pressures, and market downturn, persisted in today, some became billion-dollar enterprises, some became market leaders, some The parts and components group that has become a diversified business go hand in hand, and some of them go abroad to become world-class parts suppliers. They are accompanied by China's automotive industry from weak to strong and have experienced the “blowout” and “explosive growth” of the market. It has also undergone the test of industrial restructuring and market adjustment several times, and has become a driving force for China's automotive industry technology and a strong backbone for industrial development.

Automobile parts are strong and the automotive industry is strong. In today's transition from a big automobile country to a powerful automobile country, the key components of domestic auto parts companies that have stood the test of the market's big waves will become even more prominent in the future development of China's auto industry.

Market leader

During the vigorous development of China's automobile industry for several decades, the auto parts industry is also starred and heroic. Many local companies with great concentration on innovation and development have seized market opportunities and become the leading companies in their respective fields. This year, the 11th "National Top 100 Auto Parts Suppliers" list held by China Automotive News has been announced. From the list, we can see that there are a large number of excellent local auto parts suppliers in the fields of engines, transmissions, wheels, tires, brakes, and automotive electronics. For example, domestic engine companies such as Weichai, FAW Xichai, and Yuchai, and automobile wheel enterprises represented by CITIC Daika and Wanfeng, and tire companies represented by exquisite tires, etc. The company not only became the leader in the various sub-sectors, but also the strong backing for the development of China's auto industry.

Twenty years ago, Wanfeng Auto Group, which started from the bank to borrow 500,000 yuan to enter the Moroccan market, now has an annual production capacity of 15 million aluminum wheels for autos of Zhejiang Wanfeng Aowei Turbine Co., Ltd. Not only that, but the company has also expanded from a single motor business in the past to cover multiple businesses such as friction wheels, steam turbines, coatings, new energy vehicles, magnesium alloys, and industrial robots.

The same companies also have Somic Automotive Parts Co., Ltd. in Shaoxing, Zhejiang. Twenty years ago, it had become the largest automobile steering and suspension swing arm ball head series component manufacturer in China with an auto parts company that was in a difficult position. The company’s share in the domestic auto market was over 50%.

In the field of commercial vehicle transmission, we have fast and stable production and sales of transmission for the eighth consecutive year in the world. In the heavy-duty engine market, we have Weichai and FAW Xichai... These leading domestic components companies not only forcefully It has promoted the development and growth of China's automobile industry. In recent years, it has also used mergers and reorganizations to actively develop new markets and product areas, helping China's auto industry participate in global competition.

Market spoilers

There are also some companies with excellent operating quality and great potential for growth, although their output value and scale are not dazzling. For example, the Wonder Group. Although the company's annual sales revenue is less than 4 billion yuan, it has the second largest generator and starter manufacturer in the country, and has an airbag manufacturer with a market share of 60% in the self-owned brand passenger car market, which is currently the second largest sales volume in the world. Damper piston rod manufacturer ... In the field of generators, starters and airbags in China, this company has played a pivotal role as a "market disrupter". Their presence allows vehicles, especially autonomous automakers, to enter the market. There are more choices.

In the field of automotive electronics, Shenzhen Hangsheng, Huizhou Desai Xiwei, Yatai Electromechanical in the brake field, Zhejiang Wanan... In these markets, they are “catch-ups,” and are constantly under the influence of foreign counterparts’ technology and funds. Brand competition pressure, but precisely because of the existence of these companies, it makes the market more competitive, more conducive to the healthy development of China's autonomous auto industry.

New field leader

In the past few decades, the autonomy of key, core component technologies and products has always been the goal of China's auto parts industry to break through. Especially in the field of engine electronic controls, automatic transmissions, steering systems, brake systems, transmission systems, suspension systems, and automotive bus control systems, the overall gap in China's auto parts industry needs to be bridged. It is gratifying that these gaps are being gradually filled.

Among the outstanding auto parts suppliers this year, there are Shengrui Drive Co., Ltd. After seven years, this traditional parts and components company transformed the 8-speed automatic transmission from a concept into a commodity that can be industrialized. It will not only break the monopoly of multinational auto giants on China's high-end automatic transmission, but also promote the independent auto companies in China. The technological progress in the field of powertrain technology has enabled China's auto industry to achieve breakthroughs in core component technology and has created a road of innovation that can be used by the industry for reference and feasible.

In the high-pressure common rail field, the high pressure common rail fuel injection system of Liaoning Xinfeng Group also fills the domestic gap in China's high pressure common rail technology. Judging from the current situation, these local companies that have risen in the field of key core components have faced difficulties in market expansion. However, the emergence of these companies has increased the confidence of all parties in the industry in breaking key technologies in the existing industries.