The prosperous auto market has attracted the attention of major steel companies. Recently, steel companies such as Shougang, Baosteel, and Wuhan Iron and Steel have turned “heartbeat†into “action†and have blew into the clarion call to enter the auto industry.
In early July 2010, the Beijing-based Beijing West Heavy Industries Co., Ltd. Fangshan project was formally launched. The largest shareholder of the auto parts company that was established in 2009 and intends to acquire some of Delphi's assets is Shougang, which holds 51% of its shares. .
On November 2, 2009, Jingxi Heavy Industry and Delphi Corporation of the United States formally signed a delivery agreement in Detroit, USA. Jingxi Heavy Industry successfully acquired Delphi's global automotive shock absorber and brake business. Fang Jianyi, Chairman of BWI, stated that following the successful acquisition of the shock-absorbing and braking business of Delphi in the United States, Jingxi Heavy Industry is committed to becoming a world-class automotive parts and system assembly company with internationally-owned core technologies. .
After half a year of Delphi Assets acquisition, Jingxi Heavy Industry Fangshan base shock absorber plant was completed in Fangshan District Doudian. The project investment is about 360 million yuan RMB, and it can form an annual sales income of 500 million yuan.
The reporter was informed that Jingxi Heavy Industry Co., Ltd. started construction of a 4 million damper factory in Phase 1 of Fangshan District in 2010. Meanwhile, the reserved 4 million second-phase electroplating line workshop was simultaneously built with the first phase of the project, and 8 million were electroplated. The production capacity of the line can be handled once and for all in the relevant approval procedures, and it is necessary to prepare the procedural preparation for the second-phase scale.
Zhu Jimin, chairman of Shougang Group, also publicly stated that after the end of 2010, after Shougang ceased production of all of Beijing's steel main processes, the auto parts industry will become an important support for Shougang's transformation and development in Beijing.
Wuhan Iron & Steel, which ranks second in terms of domestic market share in automobile plates, began to set foot in the automotive industry through a joint venture with Chery Automobile to build a production base for auto parts. The base is expected to be put into operation next year, mainly producing auto stamping parts, but the specific investment amount and the investment of Wuhan Iron & Steel Information such as shares were not disclosed. The relevant personage of Wuhan Iron and Steel revealed that in the future, the possibility of investing in the construction of auto OEMs cannot be ruled out.
In addition, Baosteel has also started to intervene in the automotive industry through cooperation with BYD and GAC Group.
In fact, as early as 2007, Baosteel participated in the localization of BYD's silicon steel for motors for hybrid electric vehicles with early intervention. In March 2010, a high-grade non-oriented silicon steel produced by Baosteel passed the certification of BYD electric motor silicon steel, which is expected to replace imports.
The car enthusiasm of steel companies derives from the vigorous vitality of the Chinese automotive market. Statistics from the China Automotive Technology and Research Center show that in the first half of 2010, the cumulative production and sales volume of Chinese automobiles were 8,472,200 and 7,185,300, respectively, an increase of 44.37% and 30.45% respectively year-on-year. This achievement has made China's auto market still ranks first in the world.
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