Analysis of the status and development trend of China's auto parts industry

(1) Current status of China's automobile industry

From 2000 to 2007, with the strong momentum of the country's macro-economy maintaining rapid growth, the income of urban and rural residents has further increased, and China's automobile production has maintained an average annual growth rate of 23.57%. In 2000, China's automobile production exceeded 2 million units; in 2007, both automobile production and sales exceeded 8.7 million units, an increase of more than 21% year-on-year.

In 2008, under the influence of the global financial crisis, domestic macro-control, catastrophic natural disasters, the disappearance of stock market wealth effects and the implementation of the national three emission standards, China's automobile production and sales showed a trend of “before high and then low”. The growth rate of economic benefits has slowed down markedly, and the export growth has been greatly suppressed. In 2008, the cumulative production and sales of automobiles in China was 9,345,100 and 9,380,500 units, up only 5.21% and 6.70% year-on-year.

At the beginning of 2009, the state issued the "Automotive Industry Adjustment and Revitalization Plan" in a timely manner, which effectively curbed the downward trend since the second half of 2008. Under the influence of national policies, China's automobile industry not only completed the task of maintaining growth in advance, but also the product. The structural adjustment has also achieved good results. In addition, the merger and reorganization of automobile enterprises and the new energy automobile industry are all steadily advancing, and China's automobile industry is generally showing a good development trend.

Under the spur of favorable policies and other reasons, the automotive industry in 2009 and 2010 experienced rapid development. However, with the delisting of various preferential policies, rising fuel prices, increased vehicle use costs such as parking fees, and the introduction of automobile purchase restriction policies, the development of the auto sector in 2011 has tended to be flat. In the first quarter of 2011, the automotive industry achieved a total vehicle sales of 4,998,800 units, an increase of only 8% year-on-year, ending a two-year high growth. From January to August 2012, China's automobile production and sales reached 12.407 million and 12.447 million, up 5.19% and 4.10% respectively year-on-year. The overall automobile market showed a steady growth trend.

(II) Current status of China's auto parts industry

China's auto parts industry is developing along with the automakers. Since the 1980s, domestic component companies have stepped into the growth stage by strengthening technology introduction and transformation, improving production processes, reducing costs, improving product quality, enhancing product competitiveness, expanding market size. After joining the WTO, the auto parts market was further opened, and international auto parts companies accelerated the process of establishing joint ventures or wholly-owned factories in China. While intensifying competition, they also promoted and promoted the development of China's auto parts industry. Driven by the rapid development of national industrial policies and the automotive industry, the technical level and production management level of China's auto parts enterprises have been greatly improved, forming a large number of powerful parts manufacturing enterprises. Some enterprises have already had strong market competitiveness, and the products have entered the global procurement network of multinational companies. While meeting the needs of the domestic market, they have increased their export efforts.

With the development of China's automobile industry and the gradual improvement of the international competitiveness of the auto parts industry, China's auto parts and components import and export trade achieved net exports for the first time in 2004; in 2005, the net export value of auto parts products reached 5.889 billion US dollars, The growth rate was 482.77%. In 2006, the import of auto parts was 12.459 billion US dollars, and the export volume was 21.071 billion US dollars. The net export value of auto parts products reached 8.613 billion US dollars, up 46.25% year-on-year. According to the statistics of China Association of Automobile Manufacturers, 2007 auto parts Imports reached US$14.215 billion, and exports reached US$28.691 billion. The net export value of auto parts products reached US$14.476 billion, a year-on-year increase of 68.07%. In 2011, the import value of China's auto parts was 25.105 billion US dollars, up 8.6% year-on-year; the export value was 466.6 billion US dollars, up 27.0% year-on-year, higher than the total import volume of parts and components, and the trade surplus was 21.521 billion US dollars.

(III) Development trend of auto parts industry

1. The auto parts industry will continue to maintain steady growth. In the 21st century, the auto industry will increasingly become an important pillar industry in China's national economy, and auto parts are the upstream industry in the entire auto industry, which occupies the entire automotive industry chain. More and more important locations.

The auto parts industry has huge potential for domestic demand. According to the China Automotive Industry Yearbook and the China Association of Automobile Manufacturers, from 2003 to 2010, China's automobile production grew at an average annual rate of 22.38%, while the average car production increased by 36.16%. The demand for auto parts will also be synchronized. increase. Coupled with China's huge potential consumer market for automobiles, the market demand for auto parts in China is still strong in the long run. The auto parts industry has a lot of room for improvement in the future. In recent years, the proportion of China's auto parts industry in the total output value of the automobile industry has increased year by year, and exceeded 30% for the first time in 2005, but it is still lower than the international average of 60-70%. Therefore, regardless of the elasticity coefficient of the automobile growth rate or the law of the upgrading of China's automobile consumption structure, China's auto parts industry will continue to maintain a steady growth rate in the next few years.

2. Cultivate independent brands and encourage independent innovation

In 2006, the National Development and Reform Commission promulgated the "Notice on the Adjustment of the Structure of the Automobile Industry", "It is necessary to focus on supporting the development of auto and brand-name products and auto parts and components enterprises with scale advantages", "China's auto industry" The Twelfth Five-Year Development Plan requires that "China's auto parts industry should gradually increase investment in scientific research, enhance independent innovation capabilities, foster independent brands, and form independent research and development and technological innovation capabilities as soon as possible." From the perspective of national policies, cultivating independent brands and enhancing independent innovation capabilities is one of the future development priorities of China's auto parts industry.

In recent years, the increase in the production of self-owned brand vehicles has not only spurred the development of component companies, but more importantly, the ability of independent research and development of component companies has been greatly improved. Component companies must make full use of their research and development capabilities, and the products developed can only be successfully implemented if they meet the requirements of the vehicle manufacturers. The combination of production, study and research is an effective way for China's parts and components enterprises to develop their own brands and improve their competitiveness. In 2000, the company and Tsinghua University jointly developed the automobile ABS, which broke the pattern that similar products were dominated by foreign brands, and became the first domestic independent research and development production ABS enterprise. In 2004, it was mass-produced and entered the car accessory market.

3. Keep up with the international trend and develop systematically and modularly

The world's auto parts production and supply has widely adopted systematic and modular supply methods, which has a positive impact on improving the operational efficiency of the automotive industry, reducing production costs and improving market competitiveness. China's auto parts companies are also keeping up with international trends and drawing on the advanced experience of international parts companies. At present, the small-scale modular supply method of China's auto parts industry has begun to be used in some enterprises.

4. The international parts giant has accelerated the speed of entering the parts market in China.

International auto parts enterprises are optimistic about China's stable development of the automobile industry, huge domestic market demand, and obvious cost advantages compared with developed countries, accelerating the pace of entering China's auto parts market. The entry of international auto parts enterprises into China has intensified the competition in China's auto parts market, and also brought advanced products and technologies, advanced production methods and management levels, and promoted and promoted the quality of China's auto parts enterprises. Rapid improvement in brand awareness and market competitiveness.

5. Safety, energy saving, environmental protection, and electronic technology are widely used in the auto parts industry.

Safety, energy saving, environmental protection and comfort are the future development directions of the car. China's auto parts enterprises will follow this development trend. For example, in order to improve the safety of the car during driving, automotive electronics such as ABS, ESP, and EPB will be more widely used in the automotive industry.

6, the automotive brake system industry will be systematic, modular, integrated, professional development, professionalism

Auto parts companies have more advantages in terms of growth and competitiveness. The development direction of the automotive brake system industry is to achieve systematization, modularization, integration and specialization of supply (commonly speaking, the whole vehicle only needs to integrate components. The module is assembled to the entire vehicle to achieve complete vehicle manufacturing) and is realized in a globally competitive market. Therefore, enterprise scale, technical strength, product quality, cost advantage and service advantage have become the decisive factors for the competition of China's auto parts industry.

At present, major domestic automakers such as FAW, BAIC, Second Automobile, and Chery have gradually separated the parts and components industry from the whole vehicle industry, and set up auto parts companies to attach themselves to parts companies that exist in automakers. Less and less, some automakers will look for professional parts companies to cooperate and improve their competitiveness after the parts companies are divested. For example, Hainachuan Auto Parts Co., Ltd., established by BAIC Holdings, and Zhejiang Asia-Pacific Electromechanical Co., Ltd., a subsidiary company of the issuer, jointly established Beijing Asia-Pacific Automotive Chassis Systems Co., Ltd.

There are two reasons for this trend: First, the competition in the domestic automobile market has become increasingly fierce. Foreign auto companies and parts companies are optimistic about China's auto market, and have entered the domestic market. China's auto market, especially the auto market of independent brands. Faced with more severe tests, not only must China's vehicle manufacturers have advantages in scale, cost and service, but also accelerate the pace of transformation and upgrading in terms of product quality and technology. The competitiveness of the whole vehicle in terms of product quality and technology must be supported by high-quality auto parts. Moreover, the quality of the vehicle manufacturers of China's own brands is still far behind that of foreign vehicles, and there is still no way to consider the quality improvement of the parts companies attached to them. Second, the parts and components companies attached to the automakers have the advantage of direct supply, and can coexist with the OEMs. However, due to the existence of such internal protectionism, these parts companies lack the entire market. A competitive environment lacks growth capabilities compared to independent auto parts companies.

Based on the above analysis, future professional auto parts companies will have advantages in terms of growth and competitiveness.

(4) Competition in the auto parts industry

At present, there are more than 300 manufacturers of automobile brake systems in China, mainly in Zhejiang, Shanghai, Jiangsu, Jilin, Tianjin and other places. The number of employees exceeds 300,000, and the annual industrial output value exceeds 32 billion yuan. China's automotive brake system industry has begun to take shape, with the ability to develop and produce traditional automotive brake systems.

However, in general, the domestic automobile brake system manufacturers are still at a lower level, and the systematic and modular supply capacity of products is still in its infancy. Most of the enterprises are small in scale, low in technology level, and weak in product development capability. They can only produce one or several products in the automobile brake system. They can form a certain scale and have the ability to support the vehicle system. A few companies, including people. Major auto parts companies in the Fortune Global 500 have also started operations in China. China's auto parts market, including the automotive brake system industry, is already an open international market for domestic competition.

At present, the competition in China's automotive brake system industry is mainly reflected in the OEM market. It is mainly represented by a small number of companies with strong technical research and development capabilities, a sound quality assurance system and large-scale domestic enterprises and mutual domestic enterprises. The competition between.

1. Competition in the OEM market of traditional automotive brake system products

A small number of domestic automobile brake system enterprises have been accumulating and developing through their own, through independent research and development, joint development and introduction, digestion and absorption of foreign advanced technology, etc., in terms of equipment level, manufacturing technology, quality assurance capabilities, etc., It has a certain position in the domestic OEM market. According to the 2012 China Automotive Industry Yearbook Statistics Material 1:2011 automotive traditional brake system products, such as disc brake assembly, drum brake assembly, vacuum booster assembly, hydraulic brake master cylinder and wheel cylinder, clutch The enterprises with the annual output of master cylinders and working cylinders and the largest output of ABS products are domestic enterprises. The company with the largest annual output of drum brake assembly, disc brake assembly, hydraulic brake cylinder and clutch cylinder is the company.

2. Competition for high-tech products such as ABS

In the research and development and industrialization of high-tech automotive brake system products such as ABS, domestic enterprises still have a certain distance from foreign-funded enterprises in terms of output and scale. Domestic automobile brake system enterprises are still at a distinct disadvantage in the development and production of high-tech products. However, in recent years, through independent research and development and technology introduction, domestic automotive brake system enterprises have begun to enter the field of high-tech products such as ABS.

3. Major companies in the industry

At present, the main automotive brake system companies in the industry are: the company, Wanxiang Qianchao, Wandu Chassis Parts (Suzhou) Co., Ltd., China Southern Tianhe Chassis System Co., Ltd., Lucas Weilida Langzhong Brake Co., Ltd. Shanghai Auto Brake System Co., Ltd., Jilin Auto Brake Factory, Ningbo Anjie Brake Co., Ltd., etc.

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