Abstract In 2013, China's automobile sales reached 2,194,410 vehicles. Up to now, China's automobile ownership has reached 140 million. Such a huge market demand will certainly bring a broad space for the development of auto parts enterprises, but behind it there is hidden foreign investment in auto...
In 2013, China's automobile sales reached 2,194,410 vehicles. Up to now, China's automobile ownership has reached 140 million. Such a huge market demand will certainly bring a broad space for development of auto parts enterprises, but behind it, there is hidden concern that foreign capital is constantly eroding the auto parts. From the development of the auto parts industry in recent years, it is not difficult to see that the trend of foreign investment in the Chinese parts market has become increasingly clear, or directly to build a factory or eat Chinese shares from joint ventures to sole proprietorship. "Good play" is being staged around us.
â– Foreign capital monopoly has become a trend
It is not a single case for WABCO to acquire the equity of Shandong Weiming China into a wholly-owned company. In recent years, such incidents have occurred from time to time. For example, in 2010, Bosch Automotive Components (Nanjing) Co., Ltd. completed the equity conversion, and the joint venture company became a wholly-owned subsidiary of Bosch. In 2013, Remy International acquired a 49% stake in Remi Electric Hubei Co., Ltd. held by the Chinese side to realize the joint venture company. Fully controlled and so on. This fully demonstrates that the form of foreign “invasion†of the domestic auto parts market has changed, from the initial joint venture into the Chinese market to a form of converting the joint venture into sole proprietorship or direct sole proprietorship.
The reporter has sorted out the sole proprietorships and joint ventures established by 10 foreign-funded enterprises in China. The number of wholly-owned enterprises in Bosch, Delphi, China and Faurecia in China has exceeded the number of joint ventures. At the same time, through interviews, the reporter also found that everyone formed a consensus: the joint venture company became a sole proprietorship company and directly established a wholly-owned company has become a trend of foreign investment "invasion" in the domestic auto market.
Gu Yifan, secretary-general of the Brake Committee of China Association of Automobile Manufacturers, said: "Now in the auto parts industry, all the profitable auto parts and components are in this situation. If they are not solely invested, they will be in this direction. Turning, profitable refers to those parts that are lucrative, technically demanding, and high-end in the value chain. Although we understand that this is eroding domestic auto parts companies, we are helpless about this trend."
During the interview, a person from a self-owned brand vehicle company explained his opinion to the reporter: "After many years of joint ventures, the Chinese side has gradually hollowed out in the professional management of technology, quality control, and team operations. The value of the joint venture company is more and more The weaker the coming; the foreign experience of localization is gradually maturing, and there is no need for a joint venture. Therefore, the phenomenon of joint ventures becoming sole proprietorship occurs."
â– Multi-factors lead to the collapse of independent enterprises
The three feet of freezing are not the cold of the day, which is not the fault of one of the former tigers.
As Liu Houfu, general manager of Shandong Mingshui Auto Parts Co., Ltd. said, foreign investors seeking joint ventures value China's huge market. Once the market is occupied and the industry status is established, China will not use the value to abandon it, and will not really promote China's auto zero. Component technology enhancement and independent innovation. There may be some absolute, but it is an indisputable fact that there are very few examples of joint ventures achieving win-win or Chinese profits.
Through the joint venture of this "curve to save the country" approach, domestic auto parts companies have been defeated in the competition with foreign capital, and the positive response has been succumbing to the disadvantages. Everyone knows that domestic component companies are not as good at R&D and technology or production process and management as foreign parts and components. Although China's auto industry is booming, key and core auto parts technologies are in the hands of foreign investors. The development of independent brands is still difficult.
Chen Qisheng, executive vice president of Zhejiang Libang Hexin Auto Brake System Co., Ltd. told the reporter: "Under the strong pressure of foreign capital, China's brakes are going backwards, and the real core is controlled by foreign capital. I am most worried about the brakes and electronics and related The combination of technology, many domestic brake companies can not stand up." The reporter believes that the development of domestic parts and components enterprises must have a stage to play, that is, the market, but there is no such opportunity. Branded vehicle manufacturers have shown a numbness in the phenomenon of foreign investment in the parts industry, and even directly indicated that they will not provide opportunities for domestic parts and components enterprises, because the use of domestic products requires long-term matching tests. Not only does it take a lot of manpower and material resources, but after the match is successful, the car may face the risk of elimination, the cost is too high and there is no economic benefit.
All these have led to the intensification of foreign investment "invasion", and domestic parts and components companies have no power to fight, but also talk about how to grow and develop.
â– The technique of breaking the game lies in the cooperation of all parties
After the interview, the reporter was heart-wrenching, not only for the domestic parts and components enterprises to "make a wedding dress for others", but also worried about the future development of domestic parts and components enterprises.
When talking about how to deal with the “invasion†of foreign investment, Gu Yifan said that there is no power to block this trend. Because the auto parts industry has not paid attention to and restricted the joint stock ratio and sole proprietorship from the beginning. Although I realized the consequences and seriousness of this problem very early, it is impossible for the parts and components enterprises to block them. The large-scale needs national policies or other means to control them. We support local parts and components enterprises from all aspects and enhance the vitality against foreign investment. .
The more the merrier. An auto parts company attaches great importance to the strength of solidarity, and believes that domestic auto parts companies should unite to form a joint effort to cope with the "invasion" of foreign capital. "Strong dragons do not suppress the head of the snake", so many auto parts companies in China, once united, will form an unimaginable power.
Of course, this synergy is not only between auto parts companies, but also between automakers and component companies. The market is a stage for component companies to play, so vehicle companies must provide opportunities for domestic parts and components companies to cooperate. Only between zero and zero and between zeros will form mutual cooperation and mutual development cooperation. This kind of synergy can produce better results, and it is possible to break through the foreign capital.
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