When the outside world rumors that "Peugeot Citroën is not well-managed, it will sell its most profitable business - Faurecia", Faurecia and PSA Peugeot Citroën give a strong counterattack. At the Shanghai International Automobile Exhibition, Yan Fusheng, Chairman and CEO of Faurecia Group, and Xu Liuping, Chairman of Changan Automobile Group, signed a joint venture agreement. Faurecia Group and Changan Automobile will make half-investment. The establishment of the South Faurecia Auto Parts Co., Ltd., the total investment will be more than 35 million euros (about 293 million yuan), the joint venture parties will invest in reciprocity, for future dashboard, door panels, center console and cockpit module The development, production and delivery of automotive interior related products are planned to be gradually expanded to product areas of mutual interest. The former CEO of the PSA Peugeot Citroen Group, Mr. Vran, also rushed to the contract.
Foglia, the world’s sixth-largest auto parts supplier, is accelerating its business in China. At the Shanghai International Auto Show, Yan Desheng said that in 2016 it plans to achieve sales revenue of 3.3 billion euros in China, which will double compared to 2012. In 2012, Foglia's total sales in China reached 1.5 billion euros, a year-on-year increase of 25%, and the growth rate far exceeded the 8% increase in the Chinese auto market in the same year. Currently, Faurecia’s sales in China already account for 80% of its Asian sales.
According to Wei Lan, President of Faurecia China, the growth of China's auto market and Faurecia's product and technology advantages will help realize the 2016 target. It is understood that over 90% of Faurecia's sales in China come from the current leading auto companies. Among them, Volkswagen Group is Foggia's largest customer in the world and China, and Foglia has 40% of its business in China from the Volkswagen Group. In addition, as China's domestic emissions standards increase, China's emission control market will grow faster than the entire vehicle market. Faurecia's emission control technology system ranks first in the world, and its market share in China is as high as 25%. It is planning to make greater use of the emission control technology market for passenger cars and commercial vehicles.
At this auto show, Faurecia demonstrated its green automotive materials and technology, such as heat recovery exhaust manifold (EHRM), a new generation of high-end chairs, and automotive interiors. Among them, the heat recovery exhaust manifold (EHRM) specially designed for hybrid vehicles can effectively combine the heat recovery function with the exhaust manifold. This technology has been used in the North American market for Ford Fusion and Ford C-MAX hybrids.
Valeo: Chinese business doubled in 2015
Facing the opportunity of China's energy-saving and emission-reduction market, Valeo launched a brand of innovation and energy-saving emission reduction. At the show, Valeo's Park4U system, electro-mechanical booster and AquaBlade wiper system were all displayed. The Park4U system is particularly interesting. At present, although many luxury cars have been equipped with an automatic parking function, they all require the driver to be in the car. Valeo's technology is different, so that the driver can easily use the smart phone application to achieve one-click parking. Whether it is in the parking space in the vertical or horizontal direction, as long as the vehicle ends with a 40-cm gap, the vehicle can automatically control the steering operation, and the driver can easily park without touching the steering wheel.
Valeo, President of Valeo China, stated that Valeo will expand its investment in China and that by 2015 Valeo's sales in China are expected to double, and China will become Valeo’s largest overseas market. Since entering the Chinese market in 1994, Valeo has successfully taken a high-growth shuttle in the Chinese auto market. In 2012, Valeo Group's total global sales reached 11.8 billion euros, of which Valeo China sales exceeded 10 billion yuan, accounting for 10% of Valeo's sales, and the Chinese market accounted for 18%.
Eaton Jining Plant to Expand Production Double
Competitors are making strenuous efforts, and Eaton Vehicle Group is unwilling to show weaknesses and announced its ambitious expansion plan for China. Earlier, Eaton said it will expand its production capacity in Jining, Shandong, to double the capacity to meet the growing market demand for valve and valve actuation products and technologies in China. Shandong Jining is an important base for Eaton in China. In 1993, Eaton entered the Chinese market and established the first manufacturing company in Jining.
It is understood that the Jining plant expansion project was started this year and is expected to be officially put into operation in March 2014. The plant will assemble valve and valve actuation mechanisms for passenger cars, light commercial vehicles, medium and heavy truck customers in the Chinese market. When asked why it was eager to expand production, Shang Erbing, general manager of Eaton Vehicle Group China, said that further increase in production capacity will help realize the growth goal of Eaton’s China market. Eaton will work with domestic and foreign auto companies to develop technology solutions for the Chinese market.
It is reported that Eaton Group has advantages in energy conservation and emission reduction in automobiles. At the auto show, Eaton demonstrated the UltraShift PLUS automatic transmission (AMT) and the Twin Turbo supercharger (TVS) for the latest generation of automatic transmissions. The automatic mechanical transmission technology can improve vehicle fuel economy and significantly reduce operating costs; the Twin Turbo Turbocharger (TVS) reduces emissions while improving fuel economy. In 2010, Eaton Group and Chery Automobile cooperated for the first time to introduce its supercharger technology into the Chinese market. In addition, Eaton has entered the Chinese hybrid commercial vehicle market. It has an electric oil hybrid system and a hydraulic hybrid system. More than 2,300 hybrid systems have been used in buses in Beijing, Guangzhou and other cities.
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