1 Bosch Chassis Systems (Dalian) Co., Ltd. officially launched
On June 6, 2008, Bosch officially launched "Bosch Chassis Systems (Dalian) Co., Ltd." in Dalian. The new company provides innovative solutions for automotive brake systems and has a complete production process covering cast aluminum, cast iron, electroplating, machining, assembly and other processes. Its core products are cast aluminum calipers, cast iron calipers, and Banksia parking brakes. Brakes, brake discs, and brake master cylinders. The original investment in the Bosch Dalian new plant, including production facilities, is 45 million euros. Bosch plans to use this new plant to achieve Chinese localization of automotive chassis brake system products.
Comments: The booming business has prompted Bosch to continue to invest in China. In 2007, Bosch’s total sales in China increased by 41%, and most of the sales were achieved through localized production. With the new plant in Dalian and the R&D center and production facilities in Suzhou, Bosch's undercarriage braking system fully realizes the localization of R&D, matching, production and service in China.
2 Foundation stone laying ceremony for BorgWarner China Technology Center
On October 23, 2008, the foundation laying ceremony of the BorgWarner China Technology Center was held in Shanghai. The center covers an area of ​​42,580 square meters and has a total construction area of ​​26,946 square meters. It is expected to be completed and put into use by the end of 2009. After the completion of this technology center, it will have world-class R&D capabilities in auto parts and will devote itself to the R&D, application engineering and administrative management of engine and transmission system products, and provide leading technology and support to customers in China and around the world. The technology center will be BorgWarner's largest global technology center. Mr. Meng Tianmu, chairman and CEO of BorgWarner, expressed at the press conference of the groundbreaking ceremony that attracting talents, especially local talents, is one of the important guarantees for BorgWarner's rapid development in China.
Comments: Despite the current global and Chinese financial environment and automotive market is full of variables, but from the long-term strategy and development considerations, BorgWarner is still optimistic about the Chinese market. In 2007, BorgWarner achieved global sales of 5.9 billion U.S. dollars, of which China's business is playing an increasingly important role. The relatively high-speed growth of the Chinese market has made BorgWarner confident in the future of the Chinese automotive industry.
3 Cummins and Beiqi Futian jointly build an engine plant
On March 27, 2008, Beijing Foton Cummins Engine Co., Ltd. (BFCEC), the first Sino-foreign joint venture owned by Beijing Foton Motor Co., Ltd., was officially established. The new company has a total investment of more than 2.7 billion yuan. Its main products are Cummins' latest generation 2.8-liter and 3.8-liter inline four-cylinder high-pressure direct-injection light-duty diesel engines. They have high starting points, high performance and low emissions, and are suitable for light trucks and pickup trucks. SUV, MPV utility vehicles, small construction machinery, off-highway equipment, and power systems. After the company is completed, it will have an annual production capacity of 400,000 engines.
Comments: Through strong cooperation, Foton can use Cummins to successfully penetrate the developed countries markets in Europe, America, Japan and South Korea, and accelerate the internationalization of the company. Cummins completed the strategic layout in China through Futian, achieving The full range of light diesel engines is produced locally. The establishment of this joint venture not only conforms to the industry development trend of energy conservation and emission reduction in China's auto industry, but also provides a powerful guarantee for improving the international competitiveness of China's self-owned brand automotive products and launching products into European and American markets.
4 Delphi Pike Wuhan Automotive Electronics Production Base
In March 2008, Delphi Pike's automotive electronics base in Wuhan Zhuankou Economic Development Zone was formally put into operation. The estimated annual production value is nearly 200 million yuan. As a business division of the Delphi Group that specializes in the design and manufacture of automotive electronics/electrical structures, Delphi Pike has nine plants in China. As a supplier of Peugeot, Delphi Pike invests in Wuhan, mainly for Peugeot vehicles produced at the Shenlong plant. As the only supplier in China that can provide overall electronic/electrical architecture design for vehicle customers, Delphi Pike will research and develop with Zero Dragon and establish a zero-distance matching mechanism.
Comments: Although the Delphi Pike investment quota is not large, it also shows that the influence of Wuhan's auto industry is rising. Delphi Pike, the leader in the global auto parts industry, has an R&D capability that is recognized by the industry. The arrival of Delphi, so that dragons even more powerful.
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5 Continental Group's Asian headquarters laid the foundation in Shanghai
On January 16, 2008, Continental AG, a global leading automotive parts supplier headquartered in Hannover, Germany, held a groundbreaking ceremony for its Asian headquarters and R&D center in Shanghai. The R&D center has a total investment of 60 million euros and a total office area of ​​approximately 14,000 square meters. By May 2009, nearly 900 employees from the Continental Group's automotive systems, Continental Horse Brand Tire and ContiTech will enter the Asian headquarters of Continental Group in Yangpu District and the China R&D Center. The establishment of the new Continental Group's Asia headquarters and China's R&D center will become another important milestone for Continental's development in China.
Comments: The establishment of a China R&D center is a long-term initiative of the German Continental Group. Only by providing more advanced and effective technical support to customers in the Chinese market can we further consolidate the position of the Continental Group as an advanced auto parts supplier.
6 Visteon, JMC's joint venture plant for automotive air conditioning expansion completed and changed its name
In order to meet the demand of local automakers, in October 2008, Visteon and Jiangling Motors Co., Ltd. joint venture completed the expansion project, and announced the company's new name - Visteon Automotive Air Conditioning (Nanchang) Co., Ltd.. The company is an important part of Visteon’s production layout in China and can help Visteon to supply full-line air conditioning components and system products in China. After the expansion of the new plant area of ​​tens of thousands of square meters, production capacity will double. Its products mainly serve customers such as JMC, Changan Ford, Geely, Dongfeng Nissan and Beijing Benz.
Comments: As a result of strategic cooperation between Visteon and Jiangling Motors. The success of Visteon Automotive Air Conditioning (Nanchang) Co., Ltd. demonstrates the ability of the two parties to complement each other's strengths. The expansion of the factory shows that its products have been highly recognized by customers and further reflects the important position of the Chinese market in Visteon’s global and Asia-Pacific strategy.
7 Guangzhou Johnson Automotive Interior Systems Co., Ltd. established
On November 24, 2008, Johnson Controls, a global leader in the automotive interiors industry, signed a contract with Guangzhou Auto Group Components Co., Ltd., a subsidiary of Guangzhou Automobile Industry Group, and announced the establishment of a joint venture to establish Guangzhou Johnson Automotive Interior Systems Co., Ltd., which mainly produces dashboards, Sub-dashboards and other automotive interior products. The new plant is planned to be completed in 2009. The site is located in Panyu, adjacent to the R&D and manufacturing bases of some OEMs under GAC. The new company has localized design, R&D and manufacturing capabilities for automotive interior products and systems. It plans to provide timely and efficient business support to customers in southern China from 2010 onwards.
Comments: As a global leader in automotive interiors, Johnson Controls has extensive experience working with customers in China, while GAC Group is committed to building and improving the industrial chain from the vehicle platform to the core components. Under such a strong and co-operative cooperation approach, the future of the new joint venture company should be very good as long as it can obtain strong support from both shareholders.
8 Goodyear Invests $500 Million in Expansion Plan
On June 26, 2008, Goodyear Company announced that it had started nearly 500 million U.S. dollars as an initial investment and relocated its factory in Shahekou District of Dalian to Dalian Pulandian. The new factory built after the relocation will use the most advanced technology equipment in the world. Near the end of the year, Goodyear Tire & Rubber Company announced that it will fully acquire Dalian Goodyear Tire Co., Ltd. Through this acquisition, Dalian Goodyear will officially become its wholly-owned subsidiary in China. Goodyear's PPQ (product, process, and quality) audit results for many of its plants around the world showed that the existing Dalian Shahekou plant had already leapt to the world's best factory in 2007.
Comments: Since its establishment in Dalian in 1994, Goodyear Tire has developed steadily to become a leading brand in the Chinese market. Goodyear plans that by 2012, 50% of its global production capacity will come from regions that have cost-competitive advantages. China's sound investment environment provides a solid platform for Goodyear to successfully achieve this commercial goal. The current downturn in the North American automotive market has affected the tire industry. The Goodyear North American plant has cut production several times, but at the same time it has continuously increased investment in China, which fully demonstrates the importance of the Chinese market to Goodyear.
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9 Strategic cooperation between ZF and Yutong
On November 5, ZF signed a strategic cooperation agreement with Yutong to jointly create passenger car products with optimized configuration and greater value for customers. The strategic cooperation agreement covers all bus and tourist bus products of both parties. As a strategic partner, ZF will provide Yutong with the best engineering support during the development of its new vehicle, and Yutong will be the preferred partner when launching new products to the Chinese market. Both parties will also jointly conduct new product trials.
Comments: The strategic cooperation between ZF, the world's largest manufacturer of transmission components, and Yutong, the first brand of Chinese passenger cars, is fundamentally different from pure upstream component purchases. This strategic alliance can help ZF establish a more stable zero-to-zero matching relationship, stabilize and expand its market share in China, gain more experience and data on technical cooperation with domestic vehicle companies, and further improve and optimize ZF products. Adaptability to the Chinese market.
10 Fiat Power Technology (FPT) to New Project in Chongqing
On July 31, 2008, Fiat Power Technology Co., Ltd. (FPT) signed a letter of intent with the Chongqing Municipal Government to establish a wholly-owned subsidiary of Fiat Power Technologies in Chongqing, supporting light-duty diesel engines for OEMs that have been contracted for OEM contracts, and have annual production capacity. About 100,000 units.
From the perspective of capacity planning, Fiat Power Technology hopes to establish its globally important commercial vehicle diesel engine manufacturing base in Chongqing. About 300 acres of land will be prepared for the project in Chongqing, and an auto plant in Chongqing will be transformed into a key component production base of Fiat Power Technologies.
Comments: Fiat Power Technologies chose Chongqing first, which was attracted by the special policy of the state to support the development of the western region. In addition, Fiat Power Technologies has a good supplier base in Chongqing and is prone to scale effects. Last year, Fiat Power Technologies invested in a medium- and heavy-duty commercial vehicle diesel engine company in Chongqing. The new light-duty diesel engine project will enable the company to achieve greater economies of scale.
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