At this stage, there are more than 100,000 auto parts industries in China's north and south, and about 13,000 medium-sized and above enterprises. According to statistics last year, the industrial output value of auto parts enterprises in China is about 3.8 trillion yuan, and the main business income is 3.5 trillion yuan. The average profit rate of the whole industry is 6% to 8%, which is only about half of that of foreign-funded enterprises. When the shares are invested at the same cost, the net profit of the foreign-funded enterprises is more than double that of the domestic-funded enterprises. Although the base of China's auto parts enterprises is relatively large, the key core components of high profits are basically monopolized by foreign-funded enterprises. Some high-precision auto parts still rely on imports, especially in the past few years, as China's requirements for vehicle emissions have become stricter and more The standard is constantly upgraded, and the dependence on the foreign investment in the post-processing electronic control is almost 100%.
China once dreamed of introducing a joint venture between a foreign auto parts company and a Chinese auto parts independent company through the "market-for-technology" approach. Although it has learned a little management experience and technology from it, in the case of foreign companies monopolizing the core technology, they have changed hands and The skill and skill of learning is minimal. In terms of itself, this is due to the characteristics of “distributed, small, poor, and slow†of domestic auto parts enterprises. In particular, the lack of key core technologies, the inherent shortcomings of the industrial chain, the lack of comprehensive strength of enterprises, upstream and downstream Insufficient support and a combination of factors such as poor brand premiums.
Although the volume of China's auto parts industry has been expanding since the reform and opening up, domestic independent parts and components enterprises are far lower than foreign-funded enterprises, and most of them are homogenized vicious competition, price competition and insufficient investment in enterprise innovation. The strength is weak. In addition, in addition to the factors of less R&D investment, affected by the blockade of foreign technical barriers, some of the key components are still dominated by foreign-funded enterprises, otherwise they will not be able to install cars. For example, in the engine power composition, automatic transmission, electronic appliances, electrical systems, in the field of fuel supply systems, ignition systems, energy-specific components and other key, high-precision, high value-added and high-margin parts products. Basically, they are all in a blank, all controlled by foreign capital, almost all rely on imports. The real dilemma of relying on imports for core components has smashed the profit margin of the entire auto industry and parts companies to a minimum.
For example, in the supply chain of steam and diesel engines for light-duty vehicles, they are monopolized by Mitsubishi and Isuzu in Japan. Mitsubishi of Japan has almost monopolized the supply of gasoline engines for all self-owned brands that cannot produce their own engines. In addition, almost all of the diesel engines used in China's pickup trucks, light trucks and light passengers are purchased from Isuzu or using Isuzu technology; heavy-duty diesel engines are monopolized by Cummins Inc. Bosch in Germany, Delphi in the United States, and Japan Denso under Toyota have basically monopolized all of China's EFI market share. Chinese consumers will contribute thousands or 10,000 yuan in net profit to each of the three foreign companies.
Cummins Inc. monopolizes China's high-end heavy-duty diesel engine market. Federal-Mogul and Cummins Inc. became the recipients of orders for ignition systems of most domestic engine companies such as Xichai, Yuchai, Weichai and Heavy Duty Truck. Both Eaton and ZF in Germany have almost monopolized the Chinese heavy-duty transmission market. The Bosch diesel common rail system and aftertreatment system almost monopolize the Chinese commercial vehicle market. At the same time, multinational parts giants represented by Delphi, Visteon (formerly Ford Auto Parts Division) and French Faurecia design and manufacture interior and exterior parts for most of the domestic passenger car manufacturers. . Toyota’s Aisin has almost monopolized and monopolized half of China’s passenger car and some commercial vehicle markets.
Especially in recent years, under the pressure of a large-scale national drug lord weather, under the pressure of environmental protection and energy and emission regulations, China's fuel limit and emission regulations are becoming more and more strict. In order to meet the requirements of the national six, the national five and the national six emission standards to be implemented soon, the product upgrade will force the commercial vehicles to take the high-end route, and the high-end is not only reflected in the key components such as the engine, but also other parts and components. Match. As a result, the self-owned commercial vehicle brands that have gradually turned their products toward high-end products have begun to support the “high, large, high, and fine†parts of foreign capital, resulting in the high-pressure pumps of diesel engines used by most commercial vehicles in China. Bosch or Delphi solutions are available for purchase and loading on rail and aftertreatment systems. Due to the upgrading of product technology at this stage, the high-end commercial vehicles are being promoted. Cummins, Bosch, China, WABCO, Schaeffler, Eaton, Federal-Mogul, Honeywell, Valeo, Johnson and other foreign parts suppliers are in China. The speed of development has outpaced Chinese companies.
Obviously, under the new normal, the high-end trend of China's auto industry is gradually getting closer and closer, and the new market form that foreign-funded parts companies are looking forward to has become prominent. This is a good opportunity for them to invade the Chinese commercial vehicle market. Regardless of how fierce competition in China's auto and auto parts markets is, and how profit margins fall, monopolistic foreign investors lurking behind the scenes will sneer and take profits. Chinese local auto companies are more and more like computer city assembly stores, as long as they can "integrate global vehicle resources", they can pull out a whole vehicle.
It can be seen that the competition of China's key automotive core parts supporting market has been concentrated among foreign-funded parts and components enterprises, and the industrial technology is hollow. The independent brand vehicles and parts enterprises have basically become hollow and gradually become ruthless. Marginalization. China's auto industry has a tendency to become a foreign company.
Twinkle System Technology Co Ltd , https://www.pickingbylight.com