In the past five years, the number of auto parts enterprises in China has not only been amazing, but also made great progress. The number of the world's top 100 auto parts enterprises has grown from one to eight in five years. It can be considered that the rapid development of the domestic auto parts industry is reversing the situation that domestic auto parts have lagged behind the development of whole vehicles for a long time, and the entire industrial structure is also tending to be reasonable.

The field of new energy auto parts is becoming a "new continent" to attract investment.

New energy auto parts

When the development of new energy vehicles has become a general trend, the new energy auto parts industry is becoming a "new continent" to attract investment.

Recently, not only a domestic listed company yonggui electric appliances signed a contract to provide new energy auto parts to Honda of Japan, which was welcomed by investors. There is also denso investment in the construction of new energy auto parts factory in guangzhou has reached an agreement, Volkswagen automatic transmission (tianjin) company invested in the construction of new energy auto parts production line officially put into production...... "Whether it is industrial readjustment or attracting investment, it will help improve the innovation capacity and competitiveness of new energy vehicles, including parts, and accelerate the transformation and upgrading of industries." Fu yuwu, honorary President of the China society of automotive engineering, told China automotive news during the 2019 world congress on new energy vehicles.

Independent brands attract investment

The field of new energy auto parts is becoming a "new continent" to attract investment.

On July 1, yonggui electric's stock price hit a multi-month high of 10.20 yuan after it disclosed a new energy auto parts supply contract with Japan's Honda.

According to the announcement of your appliances, its wholly owned subsidiary of sichuan and expensive technology co., LTD. (hereinafter referred to as the "permanent expensive technology") and the Japan Honda sg technology (China) co., LTD. (hereinafter referred to as the "Honda") signed the basic contracts, and expensive technology became Japan's Honda qualified suppliers, the main scope of supply for the new energy vehicles related spare parts. According to understand, for your science and technology in the field of new energy vehicles can provide high voltage, large current interconnected system of the overall solution, is rich in electric connector professional technology, expert team and management team, is in the forefront in domestic niche market, has become Beijing auto, geely, dongfeng, byd, chery, Great Wall and other domestic major new energy automobile manufacturers to supplier. "The signing of the supply contract with Honda of Japan will play a positive role in the development of yonggui technology's new energy auto parts business." Yonggui electrical appliances related person in charge said.

Domestic new-energy auto parts enterprises are making great efforts to build up their brands and enhance their competitiveness in the market, which is becoming a new investment destination.

Charlie munger, a legendary figure in the us investment community, recently announced that byd's new energy vehicle e platform technology is open to the whole industry. The e platform has two models, namely electric drive three in one and high-voltage charging and distribution three in one. Among them, the electric drive three-in-one by the motor, motor controller, reducer height integration. It reduces complex mechanical structure and connection relation, realizes lightweight design, compact structure, low cost, high transmission efficiency of assembly, and is beneficial to reduce energy consumption of the whole vehicle. With high speed, high efficiency, high integration, high performance, high safety and other product characteristics; After the integration of the system, the volume of the product decreased by 30%, the weight decreased by 25%, and the driving mileage efficiency increased by 1% under standard conditions. d on the same technology, we have developed three in-one driving products for five platforms, covering almost all electric cars' requirements for dynamic acceleration and hill climbing.

Using power electronics integration technology, the high-voltage system of dc-dc, charger, distribution box highly integrated. Replacing the physical integration architecture with the global launch deep integration architecture greatly reduces the volume, weight and failure rate of the product, while maintaining a high system efficiency. Achieve "lightweight, miniaturization, integration and low cost". After system integration: volume reduction by 40%, weight reduction by 25%. The birth of e platform technology makes the development of pure electric vehicles faster, stronger, better quality and lower cost. It has found a shortcut to solve the problems such as the lightweight and spatial layout of pure electric vehicles. It will bring consumers with longer driving time, lower energy consumption, safety and reliability, and rich choice of pure electric vehicles. "Concentrating resources on the development of core components such as sandian power will also help maintain its core competitiveness and alleviate the problem of heavy assets caused by vertical transformation." Byd officials said that because of this, in the new energy vehicle core components technology to maintain a leading position.

Power battery, motor, electric control has been the core components of new energy vehicles. In recent years, with the focus and promotion of capital and resources, the production quantity of self-owned new energy vehicle battery in China has rapidly jumped to the top of the world. Ningde era, which was founded only 8 years ago, has come from behind and become one of the enterprises with large market share and strong innovation strength. Its net profit reached 2.277 billion yuan in the first half of 2019, up 150 percent year-on-year, according to the company's latest first-half forecast. Such achievements are hard-won. Against the background that the automobile market has not yet come out of the cold winter, ningde times has strengthened market development, increased input drive and released production capacity, which has effectively promoted the increase of production and sales. At the same time, the high growth is also inseparable from the rapid development of the domestic new energy vehicle industry driven by the surging power battery market demand. At present, the strength of ningde times is second to none among the peers. Ningde times and its subsidiaries have nearly a thousand patents at home and abroad and dozens of patents abroad in the fields of related materials, cell design, battery pack, battery pack and energy storage system.

At present, a new round of scientific and technological revolution and industrial transformation is accelerating, and the evolution of automobile "new four" (network connection, electric power, intelligence and sharing) is accelerating, which brings about the ecological reconstruction of automobile industry, and new energy vehicles are playing an increasingly important role. For the auto parts industry, with the development of electric technology, the original auto parts are replaced by the "three electric" system, which brings about a profound change in the industry.

"For domestic component companies, one of the challenges ahead is whether they are strong enough to collaborate with the world's leading vehicle companies on new technologies." This has also been a key factor in attracting investment, zhong shi, an auto industry analyst, told China automotive news. Different from new energy auto parts in other countries and regions, the current domestic supply of relevant parts, especially power batteries, is highly concentrated, and has formed a pattern of competition between Chinese and foreign brands, such as ningde times, panasonic, LG and other leading power battery manufacturers at home and abroad have more shipments. According to the latest data, in May 2019, ningde times ranked first in China with 2.38GWh, accounting for 41.96 percent of the domestic market. Meanwhile, the "going global" road of ningde times also contains capital "going global". Ningde times has invested in setting up power battery production in Germany, and plans to provide new energy auto parts for BMW, Volkswagen, Daimler, jaguar land rover, PSA and other well-known automobile enterprises.

The field of new energy auto parts is becoming a "new continent" to attract investment.

Recently, huanyu automobile, which has received attention from the stock market and continued to rise in the stock market, has become a major focus of its development to lay out new energy auto parts. On July 16, hualand car officials said, the company actively perfect layout in the field of new energy vehicles core components, there are including the electric drive system, drive motor and controller, electric steering machine, electric air conditioning compressor, electronic braking system, electric control torque manager, advanced electronic pump, battery management system, such as spare parts products, can meet the demand of new energy vehicle customer offers.

New energy auto parts companies like ningde times are also favored by capital, including junsheng electronics, a manufacturer of advanced driving assistance system (ADAS), whose good performance is concerned by stock market funds. After a 233% increase in net profit in 2018, junsheng electronics reported a net profit of 278 million yuan in the first quarter of 2019, with a year-on-year increase of 796.77%. Both win electronic "four modernizations" the car on the road to speed up the transformation, automobile interior trim from previous years, gradually increase the intensity of investment in research and development, has formed the intelligent car driving, networking and new energy car battery management system (BMS), the driver monitoring system (DMS), etc., and vertical related to intelligent driving the car ride monitoring system, the steering wheel vital signs perception system, active steering wheel, steering wheel, steering wheel intelligent sensing technology frontier technology such as three-dimensional multi-function switch products, through the perception of hardware and software, the algorithm of plan, improve the safety factor of the occupants.

ively speaking, from the perspective of the global automobile industry, on the one hand, international trade friction has brought some impact on the export of China, a large country of auto parts; On the other hand, many countries and regions of the automobile market sales decline, the pressure is also passed on to the traditional fuel auto parts suppliers; In addition, domestic traditional parts enterprises do not have leading edge in technology, and these factors add up to bring more obvious pressure to domestic traditional auto parts enterprises, while new energy auto parts is a "blue ocean" to be explored, and is a promising place for the parts industry to "free the cage for birds" and transform and upgrade. The industry also believes that independent brands of new energy auto parts, such as ningde times and junsheng electronics, which have core technologies in electric and intelligent driving segments, are the "benchmark" for the transformation and development.

The influx of foreign capital intensifies competition

In 2018, the number of new energy vehicles sold in China accounted for more than half of the world's total, and it has been the number one in sales for four consecutive years, making China a truly big country of new energy vehicles. It is also attracting an influx of foreign money and technology.

Recently, Volkswagen invested in a new model of new energy automotive power motor and other components in tianjin automotive automatic transmission (tianjin) company located in tianjin development zone production. The reporter understands, these two new products are respectively APP290 power motor and DQ400e hybrid power transmission. With the production of new energy auto parts, Volkswagen tianjin will continue to invest in a new automatic transmission manufacturing plant. Volkswagen's plan is for the tianjin plant to produce new energy vehicles for Volkswagen's modular electric platform MEB in the future. "By 2028, Volkswagen plans to deliver 22 million pure electric vehicles worldwide, more than half of which will be manufactured in China." Frank engel, executive vice President of Volkswagen group (China), said, "we plan to deliver 400,000 new energy vehicles in China by 2020. That number will rise to 1.5 million by 2025. Tianjin automatic transmission factory will play a key role in this."

It is learned that on July 16, 2012, Volkswagen automatic transmission (tianjin) company was established in teda. From the initial investment of 5 billion yuan, it has invested nearly 18.7 billion yuan. The company's product line has also expanded from the original DQ380 dual clutch automatic transmission to DQ500, DL382, DQ381 and DQ400e, and the number of employees has increased from several hundred to nearly 5,000. The production of APP290 power motor and DQ400e new energy auto parts marks the further strengthening of Volkswagen's electric development strategy.

Compared with Volkswagen, denso also attaches great importance to the Chinese market and its investment speed is accelerating. According to the face-to-face agreement signed by denso and guangzhou, denso (guangzhou nansha) company will invest no less than 2 billion yuan in two phases and build a new denso plant in south China with a land scale of about 100,000 square meters, so as to lay out new energy automobile related industries in advance. Construction began in June.

The field of new energy auto parts is becoming a "new continent" to attract investment.

Denso is one of the world's leading suppliers of automotive components and systems. Denso (guangzhou nansha) co., LTD., founded in July 2004, is a wholly-owned subsidiary invested by denso in China. According to the agreement signed this time, the new denso plant in south China mainly focuses on the construction of auto parts production plants, quality testing centers, storage and logistics centers, parking lots and supporting administrative offices, etc., and produces auto electronic parts products for new energy vehicles, such as on-board computers, which are expected to be put into production in 2021 and achieve mass production in 2022. "For manufacturers, supporting the industrial chain is very important. Guangzhou has whole vehicles, especially new-energy vehicle manufacturers, so plans to introduce models and new technologies can also be implemented quickly." According to kajia-yixiao, chairman of denso (China) investment co., LTD., the kajia-tien bay area construction will expand denso's circle of friends, increase opportunities to acquire partners and sub-suppliers, and create a favorable environment for local auto companies to gather and develop. After the project is put into production, the capacity can be further expanded on the original products, and new products can be designed for the development of new energy vehicles and intelligent networked vehicles.

Bosch, the world's largest auto parts company, is also investing more heavily in China. So far, Bosch has nearly 60 companies in China, about 60,000 employees, 38 production sites and 27 technology centers. In 2018, China accounted for 18% of Bosch's sales, or 112.6 billion yuan. Bosch also invested 7.8 billion yuan in China that year. At present, Bosch's 48V battery, bridge and other components involved in new energy vehicles have been put into production in China. In 2019, Bosch is building a fuel cell technology center in wuxi, which will focus on new energy vehicles, autonomous driving and intelligent networking.

Bosch has a rich product line, among which new energy auto parts have many advantages. For example, MEMS, the world's leading microelectromechanical sensor, is not only an important part of the Internet of things, but also a key component of the automotive safety and advanced driver assistance system. Bosch sold 48m mems sensors in China alone last year. Bosch is investing in further development of a new generation of sensors that it believes will be more intelligent and take on some computing power to speed up response times. In addition to hardware, Bosch is also increasing its investment in software, with a new Bosch software centre set to open this year with an initial investment of more than rmb35m by 2020. The centre will provide software support for all parts of Bosch's business in China, including ded software, cloud-d digital software and ai-d applications.

In addition, Bosch has paid special attention to the development of energy saving, emission reduction and new energy auto parts in recent years. And it has been increasing research and development investment, of course, in products in the Chinese market, such as Bosch developing and producing innovative technologies for new energy vehicles, intelligent networked vehicles, and related components. "Despite the recent downward pressure on the economy, the huge size of China's economy, the further opening of its market and the innovation, development, transformation and upgrading of its industry all mean great potential for Bosch." "Said terry, Bosch group board member and head of Asia Pacific operations.

"It is the huge potential of the Chinese market that attracts the continuous influx of capital and ively promotes the development and expansion of the new energy auto parts industry." Zhong said.