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Commercial Vehicles: Highlight China's Manufacturing Advantages
Commercial vehicles can be mainly divided into micro cards, light trucks, medium and heavy trucks and passenger cars. Liu Weikang said that the low price of micro-cards and light trucks, the main market demand in rural and urban-rural areas, high-end light trucks used in urban logistics, market demand growth rate of 10-15%, recently benefited from the car to the countryside, rural consumption, increase The medium- and heavy-duty trucks are mainly used for medium and long-distance transportation and engineering infrastructure projects. The demand growth rate is about 10-15%. Heavy-duty heavy-duty trucks with capacities of over 15 tons gradually replace medium-duty trucks, and the proportion of products that meet Euro III emission standards gradually improves. The increase was driven by the recent investment of 4 trillion yuan and the demand was at its peak; passenger cars were used for long-distance passenger transport, public transportation and tourism. The growth of domestic demand is stable within 10%, and the proportion of product exports is relatively high. Recently, due to the financial crisis, exports have fallen more.
The commercial vehicle industry is more similar to the traditional manufacturing industry, and it is a labor-intensive industry. The investment in equipment is relatively small and the labor cost ratio is relatively large. Therefore, compared with developed countries, commercial vehicles in China have a very obvious cost advantage. The main growth driver for the future industry will come from the export market.
Components: Reengineering the Global Automobile Manufacturing Industry Chain
Auto parts are at the upper end of the industrial chain, with periodic fluctuations less than the entire vehicle industry and lagging behind the entire vehicle industry. In 2009, the auto industry faced a situation in which the sales volume was greater than the output, resulting in a bias in the profits of the entire vehicle; in 2010, it would face a situation where the output was greater than the sales volume, and the profit was expected to be biased toward parts and components.
Due to the manufacturing cost advantage, China's spare parts products have strong international competitiveness and have maintained a relatively high growth rate in history. In 2009, sales of overseas automobiles fell, and exports were severely impacted, but recently it has returned to normal. In addition, the financial crisis has forced overseas parts and components companies that do not have a cost advantage to stop production or reduce production, providing opportunities for Chinese parts and components companies to enter the international automobile support system.