With the gradual saturation of the auto market in the developed countries, the importance of emerging markets with surviving development is highlighted. Among them, the most favored are Asian markets dominated by China and ASEAN countries. However, with the growth of China's auto blowouts, and China’s efforts to develop its own auto industry today, we also need to continue to learn and improve. We must learn from countries that have developed in a similar manner to ours and learn from the developed countries. Learn. Because other countries also play an important role in the world's auto industry. Among these, of course, is the neighboring country with us, Korea.
The Korean automotive industry was once known as a miracle in developing countries and even countries around the world. Although it started later than China, it has not been changed since the beginning of the development of the automobile industry in the 1960s. However, its aspirations have not changed. After entering the 1980s, it finally seized a good opportunity for rapid growth and quickly developed into a world automobile. A rising star in the industry. At the same time, South Korea’s auto parts manufacturing industry is also accelerating. From 27.1 billion U.S. dollars in 2002 to 34.2 billion U.S. dollars in 2004, the export value of auto parts increased from 5.9 billion U.S. dollars to 7.2 billion U.S. dollars. The auto parts market in South Korea has attracted famous auto parts manufacturers to come and settle in succession. The largest auto parts manufacturer, Delphi, Germany’s Robert Bosch, and Japan’s Denso Co., Ltd., only 3 of the world’s 30 largest component manufacturers have not come to Korea.
Why did they choose South Korea? Because, in Korea, we can find the balance between quality and cost.
The success of Korean automakers is a key factor in the development of the parts and components industry. Last year, the sales of Hyundai Motor Co. and Kia Motors Co. increased by 12% to 3.2 million vehicles, of which three-quarters were exported overseas. Now, the two companies said that their goal is to increase the sales of automobiles to 5 million by 2010. Daewoo Motor Co., which was once “bad luckâ€, was renamed “GM Daewoo Automotive Technology Co., Ltd.†after it was taken over by General Motors in 2002. It sold 900,000 cars (mostly exported abroad) last year. Hyundai Motor Co. has also established production bases in Thailand and Mexico where labour costs are lower.
In terms of core technology development in the field of parts and materials, there is a certain advantage in the Korean auto parts industry compared to the Chinese auto parts industry. In the areas of core components and system components, Korean parts and components companies have developed independent and independent development capabilities, and the specialization of the parts and components industry is relatively complete, which can be matched with the strength of the entire vehicle manufacturers. In particular, the development capabilities in the areas of automotive electronic components and environmental protection components are relatively advanced.
Korea's auto parts makers are pursuing an original strategy that focuses on the digital domain. In the past, Japan, Europe, and the United States maintained their unique competitive advantages in different fields. For example, the United States was superior to scale, Germany was superior in design and mechanical technology, and Japan remained in the field of fuel and electronics. With its own unique competitive advantage. As Korea's technology in mobile communications and Internet has reached the world's advanced level, South Korean auto parts manufacturers are trying to apply competitive technologies in this field to the automotive industry.
At the same time, the 2006 Korea Auto Parts & Accessories Fair also gave us an excellent platform for close contact with Korean auto parts companies and understanding of Korean auto parts market.
Grace Envirotech Co., Ltd. , http://www.zjdustcollector.com