Longsheng Motor wants to enter the capital market
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According to the relevant data disclosed in the prospectus, Longsheng Motor Co., Ltd. is still paralysed in the low-end market. Not only did it not fully enjoy the “dividend†brought about by the skyrocketing Chinese auto market in previous years, it was more likely to become a vehicle company when the auto market crashed. First-level parts and components companies pass on cost pressures to the key players.
Under the background of the declining vehicle market and the generally weak premium ability of low-end parts and components companies, whether Longsheng Motors can use the opportunity to land on the capital market and break out of the scattered and fragmented Chinese auto parts industry is still strong. In doubt.
As a supplier of components for providing seat functional components for domestic low-end and mid-range automotive products, Longsheng Automotive is a fast forward in the first tier among more than 400 peers.
According to data from the Automobile Accessories Committee of the China Association of Automobile Manufacturers, last year, China's automobile seats were mainly sold by major manufacturers of functional components. Longsheng Automotive sold 7 million units and had a 6% market share in Hubei Zhonghang Precision Machinery Co., Ltd. , After the car seat recliner plant in Liyang City, Jiangsu Province, ranked third.