With the global boom in new energy vehicles, auto parts companies at home and abroad have stepped up efforts to develop new energy vehicles in China. During the Shanghai International Auto Show, many domestic and overseas auto parts companies, including the Bosch Group and Wanxiang Group, stated that they will manufacture relevant new energy auto parts and components in China to seize the core parts and components market of new energy vehicles.
Although Bosch Group will face the first loss after World War II in 2009, its business in China is booming. Uwe Raschke, head of Bosch's Asia Pacific region, pointed out that “In the several major Bosch Group markets, China is the only one to maintain growth. I believe China's business will continue to grow this year. The Bosch Group is ready to increase investment in China.†An important part is new energy products. When carrying a full range of new energy auto parts products such as hybrids and electric vehicles to Shanghai Auto (600104), Peng Deyuan, President of Bosch China, revealed that: “Bosch Group will launch safe and long-lasting hybrid vehicles in China. Lithium-ion batteries for electric vehicles. It is reported that Bosch Group and Samsung established a joint venture in 2008 to jointly develop high-power-density lithium-ion batteries. In addition, the Bosch Group can provide a rich product line series for parallel hybrid systems and hybrid hybrid systems to capture the core components market for new energy vehicles.
After years of plotting new energy vehicles, China’s auto parts giant Wanxiang Group also accelerated its pace. Recently, Wanxiang Pure Electric Vehicles and Lithium Batteries production base was laid in the Xiaoshan Economic Development Zone in Hangzhou. The new investment was 1.365 billion yuan. In 2010, it plans to reach an annual output of 1000 pure electric commercial vehicles and 1 billion watt-hour lithium-ion battery. Industry scale.
More component R&D institutions and component companies are preparing to enter the new energy automotive market. At the 2009 Global Procurement Summit Forum for the Automotive Industry, Zheng Xiancong, chief representative of Fiat China Global Procurement Center and Vice President of Fiat China, pointed out that the financial crisis will bring opportunities to the Chinese auto parts industry. He suggested that Chinese auto parts companies should make more efforts on new energy products including electric vehicles, because new energy auto parts and components that can meet the national requirements will face greater opportunities in the future.
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