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According to the American Automobile News, SAIC Group intends to acquire a British manufacturer of light commercial vehicles called LDV Group. If SAIC's acquisition is successful, SAIC may locally manufacture and sell light commercial vehicles in the UK.
MAN SE stated on October 7 that the relevant Chinese authorities have approved its investment plan for China National Heavy Truck Group Co., Ltd.
Jianghuai Automobile and NC2 GLobal LLC (a 50:50 joint venture established by Navistar and Caterpillar in the United States) signed a joint-venture cooperation framework agreement in Hefei on September 28, 2009. It is planned to establish a Sino-foreign joint venture company in Hefei to operate medium and heavy trucks and truck parts business. It is expected that the joint venture will initially increase the Company’s existing production of medium and heavy-duty trucks by a factor of three, and its future output will gradually increase. At the same time, the JV will have relevant engine strategies to support the joint venture's development of medium and heavy trucks.
On September 24th, Zhengzhou Municipal Government held a signing ceremony with China Hengtian Group Co., Ltd., US Pekka International Holland Duff Truck Company and Hongying Technology Development Co., Ltd. in Zhengzhou to jointly promote the strategic cooperation of DAF trucks. Pursuant to the Strategic Cooperation Framework Agreement, the four parties plan to use the China Hengtian Group heavy truck production platform, as well as DAF's technology and major components, to produce heavy trucks in China, and ultimately achieve the goal of DAF brand trucks and engines in China's localized production.
ã€News Reviews】
First, foreign heavy truck giants are in the Chinese market!
The major heavy truck companies in mature markets in Europe, America and Japan have so far entered China or at least signed agreements. In particular, after the signing of a cooperation agreement between Daimler and Foton, SAIC Iveco Hongyan (and its powertrain supplier SAIC Fiat Red Rock), Volvo and Wu Qingqing's joint venture partner, Guangzhou Automobile Hino, MAN and CNHTC, Nawei A series of joint ventures between Stark and Caterpillar and companies in JAC, Pika and Zhengzhou have formed a clear trend in Sino-foreign joint ventures and cooperation in the heavy truck market in China, and they basically adopt the method of taking technology and not taking products. This shows that the foreign heavy truck giants have explored the Chinese market for many years and have formed a new and more mature model for exploring the Chinese market.
Second, why are foreign heavy truck giants so anxious to plan their investments in China?
This year, they all seem to be scrambling to establish a cooperation plan with China’s heavy truck companies, stating that the Chinese market has become a new important strategic market for these international giants, and that it can help them further diversify markets and businesses, share risks, Balancing the profit and loss, selling technologies that are lower than their own emission standards and nurturing the market for the main followers of this technology, and because of the relatively good development prospects of the Chinese market and the unsuccessful past in China, international heavy truck companies have already lagged In order to win the profits they expect to have in the Chinese market.
According to HSBC's forecast, the global truck market will enter a downward development cycle after experiencing a good situation in previous years, and now we are at the beginning of this cycle. It predicts that the compound annual growth rate of the global truck market from 2009 to 2013 will be 5%-10%. Among them, the growth rate of the mature market will be only 0-5%, and the growth rate of emerging markets can only reach 10%-15%. It also believes that the further decline of the market and the increase in emission standards will increase the demand for R&D investment and will promote the consolidation of the heavy-duty truck industry in mature markets. It is expected that the major heavy-duty trucks and their engine companies in mature markets will gradually move from 10 in 2008 (Caterpillar). Le, Cummins, Daimler, Hino, Iveco, Mann, Navistar, Pecca, Scania, Volvo), reduced to 6 - Cummins, Daimler, Hino, Man, Pika, Volvo .
If so, the fate of four other companies - Caterpillar, Iveco, Navistar, Scania - deserves attention. At present, the integration between Volkswagen Commercial Vehicles, Mann, and Scania has been ongoing and remarkable results have been achieved; the cooperation between Caterpillar and Navistar is increasing; Iveco is still 100% of the Fiat Group. Owned subsidiaries, how to assess badly in the future.
But whether it is the six potentially more powerful companies or the four companies, they are all using the Chinese market as the key to winning the game.
Third, the future growth potential of China's heavy truck market can afford the expectations of Chinese and foreign-funded enterprises?
From 1998 to 2008, China’s heavy truck market experienced rapid development in China’s economy, booming logistics industry, urgent need for improvement in infrastructure, major “natural disasters, and the impact of upgrading of emission standards was not significant (except in 2008), and overloading was difficult to manage, and In the case of relatively small bases for production and sales of heavy trucks, there has been a rapid increase in the number of foreign companies that have been amazed and admired, but in the coming years, the joint venture and co-operative production bases of foreign heavy truck giants that have entered China in China will have been put into production. How does China's heavy truck market grow? In HSBC's 2009-2013 forecast, the growth rate of the Chinese market will also be reduced to a normal level, and no previous high growth will occur. Some domestic industry experts also believe that China Heavy trucks have accumulated a certain amount of possession after experiencing high growth. They may grow at a relatively low speed in the future. The growth space in this industry has been limited, so many heavy trucks and their powertrain production companies are Accelerate product diversification.
So basically it can be said that when the foreign heavy truck giants finally all come to China, it is not time to rise to super high profits. Because of these foreign giants entering the market to increase some of the production capacity, and heavy truck emissions standards in the four countries, the five countries to upgrade, a variety of energy-saving new technologies in heavy truck applications, heavy truck buyers of product quality, comfort and after-sales Changes in service requirements and other factors are all more favorable to foreign giants. China's domestic heavy trucks and their powertrain companies will face fierce competition and profits will be diluted.
The competition in the heavy truck industry, although it can be said that there is a positive competition between Chinese and foreign investment, but actually more is the competition of the technology lines of foreign giants of different technology departments and the technological development, management, scale, and service of Chinese domestic companies. competition. Under the pressure of escalation of emission standards, Chinese local companies will also improve their technological backwardness. They will also acquire technology through joint ventures, cooperation, mergers and acquisitions of Chinese- and foreign-funded enterprises, or expand the scale to relatively reduce the cost of technology research and development.