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While the country is crying for “overcapacity in the Chinese auto industryâ€, in Zhejiang, another privately-owned company, Zhejiang Yongkang Zhongtai Group (formerly the Tieniu Group, hereinafter referred to as “Zhongtai Groupâ€) entered its head on January 10th. The highly competitive constructors.
Recently, the "Zhongtai 2008" small urban recreational vehicles produced by the Zotye Group were mass-offline. This small urban RV, apart from the front face and dimensions is slightly different, the logo is the Zotye logo, the "Zhongtai 2008" and FAW Toyota Trek exactly the same appearance.
Auto Parts companies turn to complete vehicles
Informed sources said that the new car in public Thai actually six months ago has been off the assembly line, just because he has not been able to get the "life permit", and can only be parked in the company's parking lot. The production of this time, and the “give birth†behind it, is the new land in Chengdu.
The reporter then found in the 113th batch of vehicles "Announcement" just announced by the National Development and Reform Commission that the new earth will launch a new vehicle code-named RX6400, and "agreed to Chengdu Xindidi Automobile Co., Ltd. to establish a non-independent legal person manufacturing company" Chengdu New Dadi Automobile Co., Ltd. Yongkang Zhongtai Branch', production address is 'Yongkang Hardware Technology Industrial Park'." This is where Zotye Group is located.
Actually, Zotye Group, which was established in 1992 and specializes in automotive sheet metal parts and automobile molds, passed the acquisition of an automobile company in Xiaoshan as early as around 1999, and in October 2001, it climbed onto the National Development and Reform Commission's modified car production directory. 》 After the acquisition of auto parts listed company Huangshan Jinma (000980 SH) in 2003, Zhongtai obtained a broader platform.
However, Zotye only obtained the qualification for the production of trucks; passenger coaches and even cars are their biggest dreams, and they are finally realized. Some experts have analyzed that the maturity of the industry chain and the increasingly thin market profits are the basis for Zhejiang auto parts companies to decide to turn to be a complete vehicle. However, if this transition can be considered a successful transition, the market will eventually give an answer.
Private enterprises entering the top ten automotive manufacturers for the first time
The statistics of the China Association of Automobile Manufacturers recently received by the reporter also show that: In the past 2005 year, the top ten manufacturers that accounted for more than 80% of China’s auto market share had a significant share of private enterprises – Zhejiang’s Geely Automobile was the top ten in the country. The only privately-owned enterprise among car manufacturers, its car sales in 2005 reached 149,000, an increase of 49% throughout the year.
According to the data published by the China Association of Automobile Manufacturers, FAW, SAIC, and Dongfeng still rank among the top three among the top ten sales companies. Changhe and Jinbei went out and Chery and Geely entered the competition for the first time. The fourth and tenth places are Chang'an, Beiqi, Guangzhou Automobile, Hafei, Chery, JAC and Geely.
According to statistics from the China Automobile Association, the top five groups of FAW, SAIC, Dongfeng, Chang'an, and Beiqi all sold more than 500,000 vehicles. Compared with the previous year, due to the poor sales of commercial vehicles, FAW sales fell slightly from the previous year, and Dongfeng and BAIC showed more obvious growth.
June 09, 2024