Unconsciously, the year 2018 is over half, and many people are wondering where the time has gone. Based on this time point, we look back on the major events and trends in the field of automotive parts in the past six months, sort out the market operation context and industry development trend, and make mid-year inventory for readers. Prosperity and decline, confusion and helplessness, integration and reconstruction, innovation and breakdown... In the first half of this year, honey and tears intertwined, wind and thunder wrapped, constituting a glorious and dream of China's spare parts industry.

      Different types of joint ventures emerge and market segments are brewing

      Since this year, there has been a surge of joint ventures in China's automotive parts industry. On July 5, Chang'an Automobile and BYD signed a strategic cooperation agreement in Shenzhen to jointly establish a joint venture company with the production and sale of new energy power batteries as its main business, which illustrates the continuation of this phenomenon. Joint ventures around spare parts, of course, can not be separated from the "new four modernizations" of the catalytic, energy-saving and environmental protection trend, but also the "double integral" policy driven.

     In January, at the World Economic Forum in 2018, Zeng Qinghong, chairman of Guangzhou Automobile Group, said that they were in consultation with battery manufacturers and planned to build a joint venture factory in Guangzhou. Almost at the same time, Shanghai Electric Drive and Dongfeng Industry (formerly an important part of Dongfeng Automobile Group Co., Ltd., restructured in October 2017) announced the establishment of a joint venture company, Dongyang Electric Drive System Co., Ltd., to carry out electric drive system, fuel cell engine system, new energy vehicle core electrical system and other items. Eye. Heinachuan signed an agreement with Heistangp to form a joint venture "lightweight" automotive parts company.

     In February, Fuo Automotive Parts Co., Ltd. signed a Memorandum of Understanding with Fario Siemens Automotive Electronics Germany Co., Ltd. to cooperate in the field of core components of new energy vehicle powertrain. In March, SAIC Yingfeiling Automobile Power Semiconductor (Shanghai) Co., Ltd., a joint venture between SAIC and Infineon, was officially opened. In April, Hainachuan signed joint venture cooperation agreements with Haila and Magna respectively. Geely and Guangzhou Auto signed agreements with Aixin, Japan, respectively, to produce 6AT. Dongfeng Fuo Pump Co., Ltd. will be jointly funded by the contract signed between Dongfeng Parts and Fuo shares. On June 21, ThyssenKrupp signed a joint venture agreement with Chinese partners such as Zhejiang Jingu Co., Ltd. to jointly produce lightweight thermoforming wheels. This is not all the cases in the field of spare parts in the first half of this year. They are only typical representatives, but it is conceivable that the market is flooding with various variables.

      If we have to categorize these joint venture cases, we can include: Sino-foreign joint ventures, complete (or vehicle-based parts) joint ventures, and the integration of large state-owned enterprises that the industry is keen on. As a market behavior, joint ventures are indisputable, but from the perspective of the independent development of China's spare parts industry, some joint ventures make us full of expectations, some joint ventures are highly expected by us, and some even make us worried. With the emergence of new competitors, it is difficult to avoid changes in market segments. However, no matter how it changes, the theme of improving independent innovation ability, mastering key core technology, transformation, upgrading and development of China's automotive parts industry will be eternal.