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Five passes for China's spare parts enterprises

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  • Time of issue:2018-10-24 15:21
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(Summary description)  Slow growth of new car market will become normal   From the macro-economic point of view, in the first half of this year, the uncertainty factors of China's automobile market are increasing,

Five passes for China's spare parts enterprises

(Summary description)  Slow growth of new car market will become normal

  From the macro-economic point of view, in the first half of this year, the uncertainty factors of China's automobile market are increasing,

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2018-10-24 15:21
  • Views:
Information
  Slow growth of new car market will become normal
 
  From the macro-economic point of view, in the first half of this year, the uncertainty factors of China's automobile market are increasing, including the aggravation of Sino US trade friction and the acceleration of deleveraging of major global economies, which have had a great impact. In the first half of this year, the year-on-year growth rate of global automobile sales slowed to 2.2%, while the year-on-year growth rates of China's automobile production and sales were 4.2% and 5.6% respectively. In the future, the growth rate of production and sales in the domestic automobile market may further slow down and become the norm, and the supporting quantity of parts enterprises will also fluctuate. Improving enterprise profits can no longer rely solely on the expansion of the market scale. Reducing costs and increasing efficiency will become the main tone. Enterprises that fail to make timely adjustments will face the danger of being eliminated.
 
  The impact of raw material price fluctuation increases
 
  Last year, the rising prices of rubber and steel impacted the auto parts suppliers, and some enterprises fell into a low ebb. At present, the parts industry as the upstream of the automobile industry, not only to meet the requirements of the downstream vehicle enterprises to continuously improve the product system integration and reduce costs, but also bear the pressure of the upstream enterprise raw material prices, the competition in some market segments has been very fierce. In the first half of this year, the price of components in the upper reaches of the electronic industry, including chips, PCBs, plastics and so on, continued to rise, resulting in a continuous decline in the gross profit rate of automotive electronics enterprises. How to resolve the impact of the price fluctuation of raw materials has become the main research topic of parts enterprises.
 
  New energy vehicles and Internet of vehicles policy upgrade fast
 
  In recent years, under the guidance of policy wind vane and industry trend, many parts enterprises have concentrated on new energy vehicles and intelligent Internet. At present, China's new energy vehicle is still a hot spot of investment, but the market development will be strictly regulated, and the policy support will be adjusted with the technological upgrading. In the international market, different countries and regions have different policies on new energy vehicles and Internet of vehicles. In order to reduce the performance fluctuation caused by policy changes, auto parts enterprises should strengthen the research on global and regional policies and enhance their forward-looking judgment.
 
  International procurement and improvement of global matching requirements
 
  The R & D and global procurement of the global platform of vehicle enterprises put forward new requirements for the global supporting supply capacity and international operation capacity of domestic parts enterprises. In addition, with the increase of global economic uncertainty and the possible deterioration of Global trade environment, parts enterprises must speed up the expansion of international business, and bear the possible risks of international operation, exchange rate changes, trade protection, technical barriers, cultural conflicts and other overseas investment risks. The growth and growth of China's auto parts enterprises must participate in the global synchronous development of vehicle enterprises, seek global project location, and form a global supporting layout.
 
  Talent flow intensifies and the problem of retaining talents highlights
 
  For the parts industry, both management personnel and R & D personnel, as well as the compound and comprehensive high-end talents trained by enterprises for many years are accelerating the flow. Although this helps to improve the average level of industrial R & D and manufacturing, it is not conducive to the long-term accumulation of enterprises. Taking the automotive electronics industry as an example, automotive electronics enterprises need a large number of high-end talents who understand automobile, management and electronics. It generally takes 3-5 years to train core talents internally. Once they are mature, they have to face the constant recruitment of headhunters, How to retain talents has become an urgent problem to be solved.

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