Auto parts industry increases foreign cooperation

At present, China's automotive industry is in a special period of accelerated transformation of old and new dynamics and rapid changes in the industry. With the development of a new round of global technological and industrial revolution and the emergence of new business models in the automotive field, the competition among auto parts enterprises has gradually changed from the competition of enterprises' own technology and product capability in the past to the competition of enterprises' ability to utilise and integrate resources. Open cooperation, deep collaboration and resource sharing have become the inevitable choice for the automotive industry to enhance its market adaptability and competitiveness.

During the Shanghai Auto Show, Beijing Hainachuan Auto Parts Company signed a number of cooperation agreements with well-known domestic and international parts enterprises such as Hestanp, HELLA, Vonen Technology and Conoco to jointly promote the sharing of resources and upgrade cooperation in the auto parts industry. At the same time, this is also an important element for Hainachuan to accelerate the integration of global resources and build a new ecology of shared and win-win cooperation.

In the latest 2018 International Top 100 Auto Parts Companies released by Roland Berger, a renowned consultancy, 18 Chinese auto parts companies were selected, with Weichai and Hainan Chuan in the forefront as the top three Chinese auto parts companies. This represents the advanced power of China's auto parts industry and reflects the strength of China's independent parts enterprises.

At present, many independent parts enterprises are accelerating to catch up with the international leading enterprises, aiming at the development direction of the automotive industry, combining their own advantages and finding the road of transformation and upgrading that suits their enterprises. Among them, lightweighting, pointing and intelligence are important trends for future development.

In terms of lightweighting, Hainachuan and Hestamp joined hands in 2018 to establish a high-strength steel body module production enterprise, which has already achieved results in channel integration and market expansion. This time, Hainachuan and Xiangxin signed a contract to jointly launch cost and technology leading lightweight products to help the development of new energy vehicles in China.

In terms of new energy, Hainachuan signed a contract with Hastings again, which will continue to deepen cooperation in areas such as new energy auto parts, innovate cooperation models from capital and technology levels, and jointly expand the Chinese and even global markets. At the same time, Hainachuan, HELLA Group and VN Technology will join hands to deepen cooperation and collaborative innovation in the research and development of new energy vehicle power battery management systems, providing stronger momentum for the development of new energy vehicles in China and the world.

In terms of intelligence, Hainachuan and Conoco will deepen their technical cooperation in the field of intelligent network connectivity and join hands to strengthen the product and technology layout.

"The future development of the automotive industry will be even more dependent on the collaboration and mutual support of all parties in the ecosystem. As the spearhead of BAIC Group's internationalization strategy and parts industry platform, Hainachuan always insists on open cooperation", said Cai Shuping, Deputy General Manager of BAIC Group and Chairman of Hainachuan Company. As the forerunner and pioneer in the development of new energy and intelligent network connection in China, BAIC Group has made every effort to build an open and shared platform to provide unlimited opportunities for our partners. Following the comprehensive new energy development strategy of BAIC Group, Ocean Power is seizing the opportunity of the new technology revolution in the automobile industry, actively implementing the three-year action plan, focusing on building ten systems, strongly promoting four major transformations, and striding towards a new journey of high-quality development.