At present, unlike the domestic vehicle market, the auto parts industry is better than the whole vehicle market in terms of profit. According to data released by the China Association of Automobile Manufacturers, the main revenue of auto parts enterprises in the first half of 2015 increased by 8.17% year-on-year, and total profit increased year-on-year. 10.37%, fixed asset investment increased by 14.07% year-on-year. In the mid-year financial report of more than 50 parts and components companies that have been disclosed, more than 70% of the company's net profit has increased.
Although the current profit performance is still growing, the prospects for the domestic auto parts market are not optimistic. From the domestic point of view, the weakness of the vehicle market will delay the auto parts market after half a year or so. In overseas markets, although the current export volume of parts and components is higher than that of the whole vehicle, China's auto parts still lack core technology and lack competitiveness in the world. Previously, the US “double-reverse†policy on Chinese tires has caused great damage to the Chinese tire manufacturing industry. Through the production of relatively low-level parts and components, the overseas market that uses price advantage is gradually weakening. Cheng Xiaodong, chief automotive analyst at the National Development and Reform Commission's Price Testing Center, said that the future development of China's domestic auto parts companies is even more severe.
TPP zero tariff or will squeeze China's parts and exports
TPP may squeeze China's parts and exports but not enough to pose a threat
In the short term, the impact of TPP on the Chinese auto manufacturing industry is more concentrated in auto parts. TPP zero tariffs may squeeze China's exports of Japanese and US auto parts, but the impact is not serious. In view of the strategic significance of the Chinese auto market in the world, Japan and the United States and parts companies will not divest in large-scale in the short term, but will transfer the production of some thin components to countries with lower tariffs or even zero tariffs.
Cheng Xiaodong, chief automobile analyst of the National Development and Reform Commission's Price Testing Center, said that the TPP agreement will have some impact on the export of Chinese auto parts to the US and Japanese markets, but it is not enough to pose a threat. There are two reasons for this: First, China's auto parts The major exporting countries are more in Central America, the Middle East and other regions. Second, China's auto parts products are mainly concentrated on low value-added parts and components, lacking the competitiveness of key parts production, and lacking core competitiveness in overseas markets. Therefore, how to improve the production and research and development capabilities of high-value-added and high-tech products of Chinese auto parts as soon as possible is the key.
TPP affects China's auto parts exports to the US and Japan
The industrial chain from parts to vehicles is long. Even if the two major automobile manufacturing countries in Japan and the United States are closer together, there will be no immediate impact on the global automobile landscape in a short period of time. Compared with the whole vehicle, the tariff reduction policy for auto parts in the TPP agreement is more direct. According to the data, the current export volume of Japanese auto parts to the US is about 2 trillion yen per year, according to the provisions of the TPP agreement. Withdrawal of the 2.5% tariff calculation, the United States will reduce the amount of tariffs to Japan to around 50 billion yen. In the short term, the impact of the TPP agreement on the auto parts industry will be more obvious.
The abolition of tariffs on auto parts will have a profound impact on the auto industry in Japan and the United States. Therefore, Ford Motors will jump out against the TPP agreement for the first time. Compared with the large-scale attack of Japanese cars in the US market, American cars are still against Japan. The auto market is at a loss. Since Japan participated in the TPP negotiations in 2013, it has agreed to set the longest cancellation period for automobile tariffs in all items to ensure that the automobile industry of both countries can be protected as much as possible.
Similarly, for the Chinese auto industry, auto parts will be affected by the TPP. According to the data of China Automobile Association, the export performance of China's auto parts is obviously better than that of the whole vehicle. In 2014, the export of auto parts was 13.8 billion U.S. dollars, and the export of auto parts was as high as 68.8 billion yuan. The main exporting countries are the United States, Japan, South Korea and Germany. , the United Kingdom and so on.
According to data from the US Bureau of Statistics in August, in the first half of this year, China’s exports of US auto parts increased by 16% year-on-year, with a market share of 14.3%, an increase of nearly 1 percentage point over the same period last year. According to customs statistics, from January to July, Tianjin Port exported auto parts worth 589 million US dollars, exported to the United States 237 million US dollars, an increase of 61.4%; exports to Japan was 108 million US dollars. The main reason for the growth of auto parts exports is that foreign investment in auto parts has increased year by year, resulting in rapid growth in exports. If the TPP implements a zero tax rate, some automakers may face the shift of auto parts production lines to Southeast Asian countries, such as tire manufacturing, and Southeast Asian countries with natural rubber raw materials have an advantage. This will indeed have an impact on the export of Chinese auto parts to the United States and Japan.
TPP will not have much impact on China's parts market
Although the TPP agreement may affect the export of Chinese auto parts to the United States and Japan. However, the level of production and manufacture of domestic auto parts has increased. The manufacturing level of axles, frames, steering, brakes, electronics and electrical appliances, trim parts, passenger protection systems, and exhaust systems can meet the standards of foreign automobile production. The manufacturing cost is only 10% to 30% of similar foreign products. %. Have a higher export competitiveness.
However, at present, China's auto parts mainly rely on price to form an export advantage. After the implementation of TPP, Japanese companies' parts and components will have more price advantages, thus squeezing the living space of China's parts exports. However, the US market is not the only market for Chinese parts exports. The production of auto parts is dominated by the local auto market. The impact of TPP on Chinese auto parts is far from enough to form a deadly threat.
Cheng Xiaodong said that the Chinese auto market is still driven by domestic demand, and the prices of complete vehicles and parts are open. The TPP agreement will not have much impact on the Chinese auto parts market. In the future, as the parts market matures, there may be More open policies to maintain the circulation of the auto parts market.
The core competitiveness of local parts production needs to be improved
The data shows that there are tens of thousands of auto parts companies in the country all over the country, and there is no formation of highly competitive enterprises, and most of them are mainly low-value-added parts and components, and it is difficult to enter the lucrative high-end market. The overall advantage is difficult to reflect. This has led to the obvious impact of local auto parts on price factors.
At present, China's auto parts market, the number of foreign-funded enterprises accounted for 20% of the number of large-scale enterprises, while the market share accounted for more than 70%, Chinese-funded parts companies accounted for only 30% of the market share, and showed a downward trend, of which 90% Products are concentrated in the low-end and mid-range areas.
The self-contained system of local, departmental and enterprise has also led to the dispersion of investment in auto parts enterprises and the dispersion of power, making it difficult to reflect the overall advantages of the local auto parts industry. With the weakness of the domestic vehicle market, the overseas export market has also become the key to the survival of local parts companies. However, because there is no core competitiveness, the prospects for auto parts export business are not clear.
Previously, the US launched a "double-reverse" policy on Chinese tires, which led to a decline in China's tire production and export volume. The tire industry was in a loss situation. This phenomenon in the tire industry reflects the overall state of China's auto parts. The products are mainly concentrated on low-addition. In the value of parts and components, the lack of competitiveness in the production of key parts and components, and the lack of core competitiveness in overseas markets, so how to improve the production and research capabilities of high value-added and high-tech products of China's auto parts as soon as possible is the key.
Standards are introduced to force local companies to improve the quality of parts
In addition to the lack of core competitiveness, the domestic auto parts market products are also mixed. According to the special survey conducted by China Quality Miles Promotion Association on the after-sales service of some enterprises in 12 provinces, autonomous regions such as Beijing, Tianjin, Shanghai and Chongqing, there are Nearly half of the manufacturers use counterfeit and shoddy accessories, and the production and use of a large number of counterfeit and shoddy auto parts make it difficult for the parts market to embark on a healthy road, and it also threatens the owners and public transportation safety.
However, such a situation will change. The national standard GB/T 32007-2015 "Unified Coding and Labeling of Auto Parts" drafted by China Article Numbering Center and China Automatic Identification Technology Association will be held on January 1, 2016. Formally implemented.
Cheng Xiaodong said that the implementation of the national standard of "Uniform Coding and Labeling of Auto Parts" will make the domestic auto parts industry more standardized, help to improve the situation of local enterprises, and force enterprises to improve their operational qualifications and product value. , to reduce low quality and low price products.
Electronic smart products or cost soil parts breakthrough point
At the policy level, the state has introduced relevant standards to regulate the industry and promote the development of the auto parts industry. With the continuous development of the Internet of Vehicles technology, compared with the automotive parts in the usual sense, automotive electronic components and components should belong to a relatively high-end and rising trend, in line with the smarter, more environmentally friendly and safer trend of the vehicle. Prospects for the development of components are even better.
At present, the automobile is in the transition period of auxiliary intelligence, partial intelligence and complete intelligence. Bosch, mainland China, and other foreign-funded parts and components enterprises have already seized the commanding heights of the automatic driving assistance system (ADAS) technology, and we can see that China's auto parts enterprises have already It is also actively deploying the technical points of the intelligent domain system.
With the transformation and adjustment of parts and components enterprises, in the field of intelligence, local parts and components enterprises should actively seize opportunities, form a confrontation situation with foreign-funded enterprises, actively arrange the degree of globalization and the added value of the industrial chain, and improve the ability of enterprises to resist risks.
Actively deploying car networking services and high-value-added products such as key components and integrated circuits, and forming synergies with the automotive electronics business, is a key point for future breakthroughs in on-body component companies. In addition, the rapid development of new energy vehicles and smart cars In the background, future intelligent products such as human-car interaction products, new energy power control systems, industrial robot integration, high-end functional components and assemblies will be the key to breakthroughs for local parts companies.
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