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ZF Fuao Chassis Technology (Changchun) Co., Ltd., the 15th branch company of ZF in the world's fifth largest automotive supplier and Germany's third-ranked supplier, has been officially established. Chassis component technology manufacturer German ZF Group and China's large auto parts company Fu Ao Auto Parts Co., Ltd. invested RMB 40,347 million to establish, the ratio of the two parties is: Fuao Company accounted for 49%, ZF Corporation accounted for 51 %. A new investment of RMB 0.4347 billion will be established in the first phase. It will form 50,000 sets of front and rear axle assembly modules for cars, 83,000 sets of suspension rods for commercial vehicles and 82,000 sets of steering rods.
With the rapid development of China's automobile industry in recent years, China's auto parts industry also has the opportunity to integrate into the global automotive industry chain, and joint ventures have become a shortcut to the rapid growth of China's auto parts industry. In particular, the "Administrative Measures for the Import of Auto Parts That Constitute the Characteristics of the Vehicles" that was recently introduced has more strict regulations on the localization rate of cars. Coupled with the increasingly fierce competition in the domestic auto market, vehicle manufacturers are trying to increase the localization rate and reduce production costs. Under this background, some multinational vehicle giants and component giants have established joint ventures with China to establish key parts and components manufacturing plants such as engines and chassis, and strive to solve the difficult problems of localization of cars in depth.
It is understood that the main products of ZF Fuao Chassis Technology Co., Ltd. are passenger car front and rear bridge module systems, passenger car chassis components and commercial vehicle chassis components. Existing customers include FAW-Volkswagen, Shanghai Volkswagen, FAW Liberation, and Chery. Among them, the front axle module and rear axle module of domestic new Audi A6L will be supplied by ZF Fuao Chassis Technology Co., Ltd.
According to the plan, in 2005 ZF Fuao Chassis Technology Co., Ltd. will provide about 25,000 Audi A6L front and rear axle modules (including precursors and four-wheel drive) to FAW-Volkswagen; in 2006, the supply volume will increase to around 45,000 units. . At present, the company is actively liaising with Beijing Benz, domestic BMW, Beijing Hyundai, FAW Toyota and other manufacturers. It is expected that in the future, the company can supply more than 50% of its total sales to FAW Group.