• time;2025-01-16 11:14:02

2024 has just passed, and we can clearly feel that China's commercial vehicle industry has entered an era of stock competition. The differentiation pattern of 'the strong remain strong, the weak are eliminated' tells us that in order to stand undefeated in competition, it is necessary to accelerate the construction of new quality productivity, promote the transformation of old and new driving forces, and promote industrial transformation and upgrading.

In other words, in the tide of accelerating industry restructuring, in order to grasp more chances of winning, we must make efforts in the upstream and downstream of the industrial chain, transforming simple buying and selling relationships into closer and more complex integrated partnership relationships; Be brave in self innovation, strengthen the construction of core capabilities such as technology research and development, product innovation, and organizational management efficiency; We need to integrate and tap into new potential internally, and also introduce new capital forces from the outside to achieve optimized allocation of resources.

Through inventory, the editor found that in 2024, not only have vehicle companies innovated in these areas, but component companies have also taken action.

So, what impact will the capital actions of these component companies have on the commercial vehicle industry in 2025?

Fast: announces joint venture with BorgWarner

In January 2024, Fast Group and BorgWarner held a joint venture project signing ceremony, announcing the establishment of a joint venture company to continue expanding the commercial vehicle product portfolio in the pure electric and hybrid fields. Ma Xuyao, Secretary of the Party Committee and Chairman of Fast Group, and Tan Yuesheng, Vice President of BorgWarner Global and President of China, attended the signing ceremony and saw the signing.

By jointly developing controller applications suitable for commercial vehicles such as heavy-duty trucks and construction vehicles, this joint venture will support the growth of our power electronics product line business in the electric commercial vehicle market, "said Stefan Demmerle, President and General Manager of BorgWarner Power Drive Systems." We believe that our strong technological engineering layout in China will help us accelerate product development and bring efficient controller products to the market

Ma Xuyao emphasized that the current Chinese automotive industry is rapidly expanding towards electrification, networking, intelligence, and sharing. The penetration rate of new energy passenger vehicles and commercial vehicles is rapidly increasing. He believes that the strong alliance between the two sides will provide more abundant, high-quality, stable, and safe electronic control products and drive transmission system solutions for the Chinese commercial vehicle market, creating greater value for customers.

Bosch Dynamics: Establishment of Commercial Vehicle Group

2024 marks the 20th anniversary of Bosch Powertrain Co., Ltd. and Bosch's 20-year service to the Chinese commercial vehicle market.

On the occasion of its 20th anniversary, Bosch Power unveiled multiple intelligent travel solutions for commercial vehicles at the 2024 Beijing International Auto Show. At this auto show, Bosch Power showcased for the first time its newly developed electronic pneumatic braking system and a new generation of 12V lithium-ion batteries for electric vehicle power grids. Wang Weiliang, President of the Board of Directors of Bosch Intelligent Mobility Group China and President of Bosch Power Systems China, revealed at the scene that Bosch is optimistic about the booming development trend of China's commercial vehicle industry. In order to deeply empower industrial transformation and help customers lead the commercial vehicle track, Bosch officially established the Commercial Vehicle Group on May 1st to strengthen cross domain cooperation and provide full stack technology solutions for commercial vehicles.

FAW builds a leading state-owned power battery enterprise

On September 25th, the State owned Assets Supervision and Administration Commission of the State Council held a meeting to promote the professionalization and integration of central enterprises. At the meeting, key projects were signed, including specialized cooperation projects in the field of power batteries between China FAW, Ordnance Equipment Group, Dongfeng Motor Corporation, and China Chengtong Power Battery. It is reported that China FAW plans to invest in and control Lishen Qingdao, a subsidiary of China Chengtong, with the participation of Weapon Equipment Group and Dongfeng Corporation, to jointly build a leading state-owned power battery enterprise and promote the high-quality development of the new energy vehicle business of central enterprises.

According to the information, Lishen Qingdao's full name is "Lishen (Qingdao) New Energy Co., Ltd.", formerly known as "Qingdao Lishen Power Battery Co., Ltd.", with Yang Chenglin as the legal representative and a registered capital of approximately RMB 845 million. It is an enterprise mainly engaged in the manufacturing and sales of power batteries, with Tianjin Lishen holding 68.7831% of the shares. It is reported that Lishen Qingdao is controlled by FAW and other companies, which is a "strategic cooperation" of strong alliances. From the perspective of Lishen, funds will be more abundant, innovation and research and development efforts will be further strengthened, and future orders will be more abundant; From the perspective of car companies such as FAW and Dongfeng, the supply chain cost of power batteries will be more controllable, and Lishen's power batteries will also be prioritized for supply to their subsidiary companies.

Weichai Power transfers equity of this subsidiary

In January 2024, Shandong Property Rights Trading Center announced that Weichai Power Co., Ltd. (hereinafter referred to as "Weichai Power") intends to transfer 62% of the state-owned equity of Shandong Wuxing Vehicle Co., Ltd. (hereinafter referred to as "Wuxing Vehicle"). After the transfer is completed, the controlling stake of Wuxing Vehicle will change.

It is understood that the Five Star Vehicle Industry began in 1997, formerly known as the Five Star Vehicle Factory of Lovol Heavy Industry Co., Ltd. (Five Star Vehicle Group), and is one of the main production and manufacturing bases for tricycles in China. In 2021, Weichai Group completed its strategic restructuring of Weichai Lovol Smart Agriculture. Based on its development strategy, Five Star Vehicles emerged the following year, with the then Vice General Manager of Weichai Group and General Manager of Weichai Lovol serving as the legal representative and chairman.

According to the announcement, as of November 2023, Wuxing Vehicle has achieved a revenue of 1.437 billion yuan, which means that the company has crossed the 1 billion threshold in less than two years since its establishment. At the same time, the company's profit has risen from a loss of 8.71 million yuan in 2022 to over 10 million yuan last year, achieving a turnaround from losses to profits.

Dongfeng Cummins establishes Liuzhou subsidiary

On April 28th, the signing ceremony of the Liuzhou project and the unveiling ceremony of the Liuzhou subsidiary of Dongfeng Cummins Engine Co., Ltd. were held in Longcheng Liuzhou. The implementation of this project represents strong support from Dongfeng Motor Corporation, Liuzhou Municipal Party Committee, and Cummins China for the development of Dongfeng Liuzhou Automobile's automotive industry. Both parties will further deepen cooperation, create industry-leading heavy-duty truck brands, and jointly build a new pattern of development for the automotive industry in Liuzhou, making new contributions to the growth and rapid development of the automotive industry in Liuzhou.

It is reported that the signing of the Dongfeng Cummins Liuzhou project and the unveiling of the Liuzhou subsidiary are important steps in Cummins' strategic layout in the Chinese market. Dongfeng Cummins will rely on Cummins' globally leading technology and research and development capabilities, combined with Dongfeng Liuzhou Motor's market demand and industrial advantages, to fully create high-quality, high-efficiency, and high reliability products, providing strong support for Dongfeng Liuzhou Motor's product upgrading and market expansion. At the same time, both parties will take this opportunity to further expand their influence in the global market.

Subsidiary of Yunnei Power

Introduce new strategic investors

On November 12, 2024, Kunming Yunnei Power announced the progress of the capital increase and share transfer of its wholly-owned subsidiary, Mingte Technology's subsidiary, Senshitai. Based on the external market expansion and industrial operation development funding needs of SenShiTai's sensor business, SenShiTai has introduced one strategic investor through public listing for capital increase and share expansion. According to the "Notice of Confirmation of Intention Investor Qualification" issued by Kunming United Property Rights Trading Co., Ltd., Xibo Antai has become the transferee of the capital increase, share expansion, and equity transfer project of SenShiTai. On November 11, 2024, Xibo Antai signed a "Capital Increase and Share Expansion and Equity Transfer Agreement" with Mingte Technology and Senshi Tai.

SenShiTai is a subsidiary of the company, MingTe Technology, which holds 100% of the shares. It mainly engages in the research and development, production, sales, and service of sensors related to diesel and gasoline engines, SCR post-processing system sensors for diesel engines, computer software and hardware mechatronics integration, and other products. Its products are mainly applied to cloud power engines, and it has established cooperative relationships with major domestic automakers to provide users with automotive sensor products and technical services. With the increasing maturity of SenShiTai's sensor product technology, especially the breakthrough of the core technology bottleneck of automotive sensors, SenShiTai has broad development prospects in the future. However, due to its relatively single customer base, it restricts its external market development.

Jiangling Group's New Energy and Funeng

Achieve strategic cooperation in solid-state batteries

On September 29, 2024, Funeng Technology (688567. SH) signed a strategic cooperation agreement on solid-state batteries with Jiangling Group New Energy. According to the agreement, both parties will share resources and complement each other's advantages, with the goal of jointly promoting the research and development, production, and market application of solid-state batteries, and maintaining their sustained leading position in the industry. This strategic signing will accelerate the research and development of key technologies for solid-state batteries, promote industrial upgrading and transformation, and advance the maturity and industrialization process of solid-state battery technology.

In 2025, challenges such as industry restructuring and deep integration of emerging technologies and industries cannot be ignored. What impact will the "big move" of commercial vehicle parts enterprises have? It is worth paying attention to.

Article source: Reprinted from Fangde.com