Auto parts manufacturers should not rush to transform vehicle manufacturing

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Recently, the Industrial Policy Department of the Ministry of Industry and Information Technology issued the 254th batch of "Vehicle Manufacturers and Product Announcements", and Wanxiang Electric Vehicle Co., Ltd., a subsidiary of Wanxiang Group, will obtain special vehicle production qualifications. As a parts manufacturer, Wanxiang Group is not the first parts company to set its sights on manufacturing complete vehicles. Ningbo Huaxiang and Weichai Power have made similar attempts before.
In fact, the current production of auto parts in my country is still a shortcoming in the development of the industry. Parts companies are eager to transform vehicle manufacturing without consolidating their own technical strength, and are not favored by industry insiders.
The prospect of auto parts enterprises transforming into cars is uncertain
Ningbo's Huaxiang Group once entered the automobile manufacturing industry through the merger of vehicle factories. Huaxiang Group is well-known in the auto parts industry for making mahogany interiors, and acts as a spare parts supplier for multinational auto giants such as Shanghai Volkswagen, Changchun FAW and General Motors. From 2003 to 2004, Huaxiang Group wholly owned Fuqi Automobile through a series of acquisitions, capital increases and equity swaps. Fuqi is an old-brand automobile enterprise. Huaxiang Group is interested in having all the software and hardware for the production of complete vehicles and a product with a "birth permit"-Fuqi 6500.
Fuqi 6500 is a large SUV produced by Toyota 4500's original mold in China. Huaxiang had high hopes for it. However, shortly after Huaxiang entered Fuqi, due to the rising oil prices and the adjustment of national policies, the entire SUV industry experienced a sharp decline. SUV has not only failed to become a sharp weapon for Huaxiang to break through the automobile market, but has increasingly become a major burden for Huaxiang to build cars.
After that, the situation began to deteriorate. Huaxiang Group invested 0.2 billion -0.3 billion yuan one after another, but basically nothing was achieved except a manufacturing plant currently in a semi-shutdown state and an unfinished automobile industrial park. In just one year, in June 2006, Huaxiang was reported to have fallen into a semi-shutdown state. In the end, Hua Xiang had to give up the dream of making a car.
Huaxiang's failure did not scare off ambitious and powerful enterprises in the parts industry. Just a few years after Huaxiang's dream of making a car collapsed, Weichai Power, which is quite powerful, embarked on the road of manufacturing complete vehicles one after another.
In 2009, Weichai Power acquired 80% of the shares of Chongqing Jialing Chuanjiang Company, and with Jiachuan Company's passenger car production license, it got a "stepping stone" to enter the passenger car field ". Weichai Power is currently one of the most comprehensive parts and diesel engine manufacturing groups in China. It mainly produces commercial vehicle engines and is the "leader" in the domestic parts industry ". The Jialing Chuanjiang passenger car project will be officially implemented at the end of 2013, and Weichai will also officially enter the passenger car market.
Core technology long-term lack of parts has become the industry short board
In recent years, China's automobile industry has entered a stage of rapid development, with production and sales exceeding 19 million vehicles in 2012, but the long-term lack of China's core auto parts technology has not been alleviated. At present, there are many large-scale enterprises in China's auto parts industry, but the internationally renowned enterprises that produce key parts such as engines and transmissions are rare.
Wang Binggang, former director of the China Automotive Technology Research Center and director of the Automotive Industry Planning and Design Institute of the Ministry of Machinery, said publicly that seven of the 12 key outsourced components still need to rely on foreign technology. There are also some parts such as bearings and oil seals that have been produced for decades in our country. When the vehicle factory purchases, it still chooses the products of foreign companies. The reason is that the products of Chinese manufacturers cannot meet the requirements of high-speed conditions.