Parts giant Delphi goes bankrupt Chinese auto parts company wins new business opportunities
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The newspaper reporter Hui Zhengyi and Xu Chenhua from the bankruptcy of Delphi, Shanghai, China, caused the U.S. auto parts industry to mourn, while low-cost Chinese companies are cheering, and they may win the order released by the largest auto parts company in the United States, only in China. In Taiwan, the resulting business opportunities are expected to reach NT$1.6 trillion.
Yesterday, Taiwan’s media reported that North American auto parts makers may release more than US$50 billion worth of parts purchase opportunities each year after they embarked on restructuring and even bankruptcy protection. According to Wu Yushang, spokesperson of Taiwan to Xingjing Machinery Co., Ltd., “China Business News†reported that in the past 10 to 20 years, half of the global parts and components manufacturers have disappeared, and Europe and the United States are the worst. He expects that the integration of the auto parts industry will continue. The relatively low cost of Asia may be a bright spot. According to Mr. Wu’s analysis, the Taiwan region has three main advantages: Low-cost Needless to say, technically, it does not lose in neighboring Japan and South Korea, even though the latter two have considerable achievements in the entire vehicle, but Taiwan has spare parts. It already has a number of mature companies. In addition, the most important point is that Taiwan has the support of the mainland of the motherland. Taiwanese companies are more likely than Japan and South Korea to deploy on the mainland and fully exploit mainland resources. ZTE's affiliate enterprise has already deployed more than 20 points on the mainland. At present, these Taiwanese manufacturers have several large orders in their hands. According to Mr. Wu, Zhixing is currently holding five big orders such as Autoliv and Mercedes-Benz. In addition, on-island media revealed that Dongyang has received OEM orders from the top five OEMs in Japan and the United States, including many new orders for 2005.
"Delphi filed for bankruptcy protection in the United States. The most immediate impact on us is the loss of one major competitor." Zhou Shoubin, deputy general manager of Zhejiang Taizhou Luobang Heat Dissipation System Co., Ltd., who has exported 80% of its products abroad, accepted the "First Financial Daily". Said during the interview.
However, the challenges faced by mainland auto parts companies are not small, and the first encountered is the technical bottleneck. Xu Jihua, deputy general manager of Zhejiang Zhongneng, who started as an auto parts company, believes that most of the multinational component giant products have high technical content, and most domestic auto parts and technology levels do not reach the level. Zhou Shoubin also admitted to reporters that in fact, these auto parts suppliers at present in China are only carrying out some simple processing of components such as glass, wipers and wipers, and rely on domestic cheap labor costs to enter the domestic and foreign markets.
"But these markets will not be ruled out in the future. China's local auto parts manufacturers will flex their muscles." Zhou Shoubin said that his company will plan to enter the international mainstream aluminum brazing tank series in the next 2-3 years. Wu Yushang believes that although the mainland is currently not mature in technology and management, it will become the core of future production.