On May 9, Dongfeng Electronic Technology Co., Ltd. announced that it plans to jointly invest 175 million yuan in Knorr-Asia Pacific to establish East Corkenor Commercial Vehicle Brake Technology Co., Ltd. (tentative name).
Dongfeng Science and Technology stated that the joint venture will strengthen the long-term strategic cooperation between Dongfeng Technology and international brands. At the same time, using the advantages of manpower and technology in the joint ventures, the business vehicle brake system will be expanded to improve profitability.
In the commercial vehicle brake market, the presence of foreign capital can indeed promote the technical level of commercial vehicles in China. However, for domestic parts and components companies, it also brings great competitive pressure.
Foreign <br> <br> occupy the high-end market in recent years, WABCO, Knorr, Haldex, Meritor and other international commercial vehicle braking systems vendors are increasing investment in China, which is bound to cause a squeeze independent foreign Discussion on the market share of parts and components companies.
Yu Sujie, general manager of WABCO China, stated that WABCO has been in China for 20 years and has been consistently developing with customers. It has also participated in the formulation and verification of ABS regulations in China and provided relevant technical support. Last year, WABCO became the first domestic supplier authorized by the National Development and Reform Commission to carry out the remanufacturing of commercial vehicle air compressors.
Yang Hongli, vice president of Longzhong Holding Group Co., Ltd., said that WABCO and Knorr-Bremse and other companies do not directly compete with domestic brake parts and components companies. After all, these foreign-funded enterprises' products are mainly in the high-end sector and their market share is relatively small. . However, in the area of ​​subdivided parts, many foreign companies have absolute advantages.
According to Min Minyong, deputy general manager of Zhejiang Wan'an Technology Co., Ltd., most of the sub-markets related to commercial vehicle brakes are still dominated by local companies. In the entire commercial vehicle disc brake market, own brands account for about 60% to 70%. In the passenger car market, foreign investment accounts for more, because the passenger car market is currently demanding more foreign high-end disc brakes.
The upstream industry restricts the development of parts and components. “The design, research and development, technology reserves, and vehicle matching of most disc brakes for domestic companies have been carried out smoothly, only to wait for further growth in market demand.†In an interview with reporters, Min Min said, “Overall In view of the fact that there is a gap between the consistency and reliability of the brake products of independent component companies and foreign investment, this is mainly reflected in the manufacturing level of upstream suppliers."
It is understood that tracebacks of parts companies upstream areas, such as springs, fasteners, rubber pads and other metals and seals and other industries, compared with foreign countries is a world of difference. Min Min said: “Upstream suppliers involve a wider range of industries. In our country, the higher the upstream of the industrial chain, the more serious the phenomenon of 'scattered, disordered, and poor', and in foreign countries, the more technological accumulation is accumulated, the more upstream it is. Deep-rooted enterprise, so we select upstream suppliers will also take appropriate global procurement.However, it is difficult to obtain the channels of upstream suppliers of parts and components. Even with such channels, our purchase prices are often higher than international. The purchase price of peers." "China's auto parts upstream industry has a number of companies that can compete with the international level, but due to the high investment in research and development of high-end parts, small production, and low production efficiency, product prices will be higher than imported products." High, so it is difficult to promote to the domestic market.†Yanmin Min added.
According to Liu Qi, general manager of ASIMCO Meilian (Langfang) Braking Systems Co., Ltd., “In the future, China's auto parts upstream suppliers will also face the trend of mergers and acquisitions and integration. Suppliers with low technology content and small scale will soon be marketed. Eliminated."
System competition will raise the threshold
Create a supplier of commercial vehicle brake systems, which is the goal of almost all foreign or joint ventures. Yu Sujie said: "WABCO can provide customers with braking or suspension system solutions, not limited to a certain parts and components to meet the different needs of customers, to provide vehicle optimization programs to reduce customer procurement costs." It is understood that international companies such as Knorr and Jude also have the same strength. Liu Qi also stated: "ASIMCO is transforming itself from parts suppliers to system suppliers and taking the road of internationalization to provide customers with comprehensive system services."
However, there are few companies that have such strength or target system suppliers in independent component companies. Commercial vehicle brake system has a complex structure and many components. However, domestic parts and components companies can only do one or a few accessories. Yang Hongli believes that “becoming a brake system supplier marks the company’s high technical strength, but from the point of view of vehicle procurement, no company currently chooses to purchase a complete brake system.â€
Min Min believes that: "Original plant out of strict cost requirements, are scattered procurement, the formation of a supplier's bidding mechanism, in order to drive down the price of accessories, and procurement strategies are not the same. But it is not denied that the future of domestic commercial vehicle market may occur The overall procurement of dynamic systems, such as automotive electronic control systems including ABS and EBS, or the overall procurement of brake actuators and associated piping, will quickly increase the threshold of the parts and components market once a competitive system is formed. The advantages of domestic spare parts companies such as Burke, which emphasizes system competition and comprehensive service competition, will become even more pronounced in China. Domestic parts and components must actively integrate, gather resources, and scale to cope with any changes that may occur in the commercial vehicle brake market."
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