Looking back at China's auto parts industry in 2008, who left a strong one? Who made the industry eye? Here, eight leading auto parts companies are selected.
Their courage, adventurousness, complacentness and disappointment constitute a complex and rich picture of China's auto parts industry. They are participants in the advancing Chinese auto parts industry and witness to the rising Chinese auto parts industry. Constitutes the expression of the Chinese auto parts industry in 2008.
Bo Yunhuana, President of China, Mr. Tan Yuesheng - The New Officer Takes Fire
For the president of BorgWarner China, Tan Yuesheng, 2008 is definitely a very rewarding year. Although the global financial crisis has affected BorgWarner's sales in North America and Europe, its Asian business, especially its Chinese business, has maintained strong growth.
In October this year, the BorgWarner China Technology Center laid the foundation in Shanghai. The world’s largest supplier of engines and powertrains once again sounded the clarion call to fully enter the Chinese market. More importantly, its establishment fully demonstrates the shift in the focus of BorgWarner's strategy. For BorgWarner, the China Technology Center will provide more powerful support for accelerating business development.
This is only part of the combination. At the end of the year, BorgWarner Double Clutch Drive System Co., Ltd. was established. According to the agreement, this company led by the National Development and Reform Commission and jointly established by 12 domestic automakers, Zhongfa United Investment Co., Ltd. and BorgWarner (China) Investment Co., Ltd., will establish the key to dual-clutch automatic transmission in 2011. part. At this point, the large-scale DCT project lasted for nearly 10 months. The Chinese and foreign parties each accounted for 34% and 66% of the shares. In terms of Tan Yuesheng’s words, “Strategic layout has a decisive significance for the outcome of the entire campaign. This is an important step in our strategic significance.â€
Former chairman of Yuchai, current president of Jiangsu Yangdong shares Wang Jianming - encountered Waterloo
On November 10, 2008, Wang Jianming, the current chairman of Jiangsu Yangdong, was controlled by the Jiangyan City Commission for Discipline Inspection and restricted contact with the outside world. He is currently under investigation. Wang Jianming’s incident occurred in Jiangyan City, which was first established in 2006 after the Guangxi Yuchai Group, a leading domestic power company, was founded.
When referring to Wang Jianming, one cannot but mention Yuchai. Wang Jianming, who once served as chairman and CEO of Yuchai Corporation, created the “Yuchai mythologyâ€â€”a small factory in a remote place, and became the largest internal combustion engine production base in China. , And became the second Chinese mainland company listed on the New York Stock Exchange, thus winning the title of "Power King". However, the “king of power†has not only failed to promote glory and rejuvenation, but has also caused this company, which has been highly hoped for by the local government, to enter a production stoppage. The company’s liabilities have soared by three times when it took over, resulting in the company’s employees blocking their paychecks. Alarmed.
Wang Jianming once used his own mind and wrists to establish a glorious image that could be imitated. However, what was unexpected was that the character who had created “Yuchai mythology†encountered Waterloo in Jiangyan City. This is a sigh. For Wang Jianming, it is still too early to draw conclusions. If there are problems, they will not be able to escape the legal sanctions.
Tan Xuguang, Chairman and CEO of Weichai Power Co., Ltd., faces new challenges in investing in new roles
Speaking of the impending 2008, Tan Xuguang's face will not be without a smile.
At the Weichai 2008 Business Conference held before this, Tan Xuguang announced in a high-profile manner that Weichai's sales revenue exceeded 500 billion yuan this year and earned US$800 million in exports. It was listed in the top 500 Chinese companies for the fifth consecutive year. The rankings have been increasing year by year and have become industries. One of the fastest growing and best-run companies in the industry. At the same time, Tan Xuguang also disclosed that by 2012, Weichai strives to double its sales revenue, exceed 100 billion yuan, and enter the ranks of Fortune 500 companies.
Tan Xuguang’s ambition goes far beyond this, because in 2008, he has already taken on some unusual new missions. In the fourth year of the fourth general meeting of the China Internal Combustion Engine Industry Association held in Beijing in the middle of the fourth term, Tan Xuguang was elected as the new chairman of the China National Internal Combustion Engine Industry Association. Although some people think that the CEOs of the companies are only the heads of the trade associations, there are still more people looking forward to it. The man in the internal combustion engine known for his astute, resolute, resolute, and iron-clad style can be the Chinese engine industry. The association injected new vitality and led the association to better serve the industry.
Can Tan Xuguang be able to work in both roles and let us wait and see.
Wanxiang Group Chairman and Secretary of the Party Committee Lu Guanqiu - Benchmarking Entrepreneur
“It does not rely on speaking out, it is done. Therefore, there must be a goal, calm down, quietly. The sky will not lose pie, everything is dry out.†This is Lu Guanqiu often say a word. Recalling the history of China's reform and opening up, people will never forget a person, that is, the current Chairman of the Board of Directors of Wanxiang Group and Party Secretary Lu Guanqiu. This bald-headed Chinese farmer who swears a heavy Xiaoshan accent, and is also the most successful township entrepreneur in China. He started with 7 workers and 4,000 yuan of capital. He eventually created Wanxiang Group and has been listed on Nasdaq in the United States. .
Lu Guanqiu is a representative of Chinese entrepreneurs who have grown up in China. He has no formal education and no systematic management experience. He completely relied on the twists and turns of nearly half a century to cultivate a valuable business philosophy system. The repairman of that year managed to consolidate its position as a world-class company in the auto parts sector through mergers and acquisitions and control of 19 overseas companies. At the same time, it also entered 10 major industries such as agriculture, minerals, new energy, and finance. In 2007, its operating income exceeded 400. 100 million yuan.
In the Hurun Report 2008, Lu Guanqiu family has been ranked 14th, with a wealth of 18.5 billion yuan. And its ranking in 2007 was 62nd.
Zhang Renqi, President of China Far East Investment Co., Ltd.
A large DCT project operation alerted the industry and beyond.
In the face of the 66% controlling power of BorgWarner, industry insiders questioned whether DCF could bring DCT technology to domestic auto companies. An industry source stated that BorgWarner had the absolute right to speak in a joint venture with a 66% stake, and that BorgWarner would not loosen control of product prices and core technologies, so that the lack of the right to cooperate could only make joint ventures become A joint venture production plant, and the original cooperation will also be a collective purchase.
Faced with doubts, Zhang Renqi, president of China Development Investment Corporation, is quite calm: “In China’s auto industry, the most important issue is the joint awareness. China Development Alliance aims to share advanced technologies, avoid duplication of investment, share R&D expenses, and reduce procurement costs. In order to achieve mutual benefit and win-win results, from this perspective, the joint venture between BCG and BorgWarner is more positive.â€
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