Chinese and foreign auto parts and global cooperation speed up

Chinese car companies have joined forces with foreign auto parts giants to add another. l On the afternoon of February 2, the world’s sixth largest auto parts supplier, France’s Faurecia Group, and Geely Group and Zhejiang Limin Company formally signed a global strategic cooperation agreement in Hangzhou. The three parties will jointly establish a joint venture company in Cixi, Zhejiang Province. The Geely Automobile Industrial Park in Jinan, Shandong, Lanzhou, Gansu, Xiangtan, Hunan, and Chengdu, Sichuan provinces is located within the Geely Automobile Industrial Park.

Analysts pointed out that under the background of the ups and downs of the international and domestic auto markets, China, which has a strong market and has a strong demand for technology, has increased its cooperation with international spare parts companies after the market’s technological achievements are not significant. Improving technical strength will gradually become a trend.

Geely hand in hand with France Foglia According to reports, the French Foggia Group, Geely Group, Zhejiang Limin tripartite cooperation has been awarded a foreign investment enterprise national approval certificate, the tripartite investment in the factory will be established in the next one or two years.

The French Faurecia Group, which cooperates with Geely, is an outstanding company. It is a Fortune 500 company and the sixth largest auto parts supplier in the world. It is mainly engaged in car seats, automotive interior parts (dashboards, door panels, etc.), The development and production of four categories of automotive exterior parts (bumper, etc.) and automotive exhaust systems, among which, exterior products ranked first in Europe, interior products ranked first in Europe, seating products ranked third in the world, exhaust The control system products rank first in the world. Zhejiang Limin Company is the core supplier of Geely. Over the years, it has provided Geely with related supporting services. The joint venture company and factory established by the three parties will provide one-stop supporting services for the design, development and manufacture of main dashboards, sub-dashboards, door panels, columns, and bumpers for all brands of Geely Group vehicles.

Analysts pointed out that through the platform of the three-party joint venture company, mature parts and components of Faurecia can quickly match and connect with Geely products, thus improving the interior design, workmanship and comfort of various models of Geely Group. According to the arrangement of the tripartite global strategic cooperation agreement, Faurecia's more than 200 factories around the world, especially in emerging countries and regions, can provide support for the implementation of the global strategy of Geely Group. It can be predicted that the global strategy of Geely Group will be greatly accelerated.

Li Shufu, chairman of Geely Group, stated: “The three parties' cooperation is in line with Geely's global development strategy in the spare parts sector. After the agreement is signed, the factory should be built as soon as possible, and products should be developed as soon as possible so that the agreement can be realized as soon as possible. It will be sooner or later for Geely to go overseas. It is also a matter of time before we cooperate with the three parties to go overseas. We hope that we will work together to turn our dreams into reality."

More and more international cooperation Analysts pointed out that the cooperation and operation of Chinese and foreign automobile companies will play a demonstration effect on the reform of the matching patterns and models of China's auto industry components, and thus promote the remarkable technology, quality and scale of China's auto parts industry. progress.

Among the Chinese and foreign parts cooperation companies, the cooperation between Shanghai Automotive and A123 has attracted attention. Shanghai Jiexin Power Battery System Co., Ltd., which was jointly invested by the two sides and was established on April 29 this year, mainly develops vehicle battery power systems. Li Yuan, general manager of the company, said earlier: “The company acquired advanced cell technology through A123, providing good technical support for future development and operation.”

On May 5th this year, Foton Motors decided to add capital to Beijing Foton Cummins Engine Co., Ltd., together with Cummins Americas and Cummins China Investments, both of which are well-known global engine companies. Futian Automobile has increased its capital by 340 million yuan.

Similarly, Weifu Hi-tech has also been involved in the international engine giant’s expansion of key auto parts. On November 16, the company launched a private placement program. Bosch, which has an important cooperation with the company, has become a private placement target. After the issuance of Bosch, the shareholding ratio of Bosch increased from 3.24% to 14%, which is only lower than the first. Shareholders are 6 percentage points, thus raising product cooperation to the capital level.

In response, Wang Liusheng, an automotive industry analyst at China Merchants Securities, pointed out that at present, the international auto market is shrinking, while the Chinese market is growing rapidly and the space is very large. In the context of growing domestic demand for technology, Chinese auto companies and international parts companies There will be more and more cooperation.