another european auto parts company plans to lay off employees, and türkiye announces new regulations on imported electric vehicles | yicai auto daily commentary
2024-10-02
한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina
important news reminder
1. another european auto parts supplier plans to lay off employees
2. türkiye announces new regulations on imported electric vehicles
3、yin tongyue, chairman of chery, said, “new energy vehicles want to catch up with byd, but the further they catch up, the farther they go.”
4、 byd's sub-brands sign cooperation agreement with huawei
5、 xiaopeng huitianobtain150new orders for flying cars
6、 aianRTstart pre-sale
international news
1. another european auto parts supplier plans to lay off employees
recently, klaus rosenfeld, ceo of schaeffler group, a german supplier of automotive bearings, electric drive systems and engine parts, said in an interview with germany’s economic weekly that he would lay off employees after completing the merger with vitesco technology. according to the latest announcement, schaeffler plans to officially merge with vitesco technology on october 1. rosenfeld said it was unclear how many jobs would be affected, but it was not expected to exceed 10,000.
yicai comments: after continental, freya, valeo, autoliv, and zf planned to lay off employees, schaeffler, another european auto parts supplier, plans to lay off employees. regarding the reasons for the layoffs, rosenfeld said that after the merger of schaeffler and vitesco technology, some positions may be redundant, "we do not need two headquarters. there are also redundancies in personnel in certain functional departments. therefore, we must not no positions will be cut.”
schaeffler has previously emphasized that after merging with vitesco technology, it will save approximately 600 million euros per year, but it will not mainly come from personnel expenses. at present, schaeffler group has three major business divisions: automotive main engine division, automotive after-sales division, and industrial division. in recent years, schaeffler's expected profits in its auto parts business and industrial bearings business have been declining.
rosenfeld believes that low-cost competition is increasingly intensifying in china. "our wind turbine bearing business in china has been quite profitable for many years. however, the chinese market is growing and competition is increasing. suddenly, some new players enter the field and they may not be able to guarantee the same quality as us, but it can provide products at significantly lower prices, sometimes more than 25% lower. "but he said that this does not mean that schaeffler will withdraw from the chinese market, but the company will have to maintain operations with lower profit margins. , schaeffler must accept lower profit margins in china in the future.
2. türkiye announces new regulations on imported electric vehicles
recently, the turkish government issued a communiqué announcing new regulations on imported electric and hybrid passenger cars, which will take effect within 30 days. the communiqué shows that the turkish ministry of trade has further expanded relevant restrictions on the import of electric vehicles (including hybrid passenger cars and rechargeable passenger cars). according to the new regulations, turkish importers must set up at least 20 authorized service stations for after-sales assembly, maintenance and repair of imported vehicles in 7 different regions in the country before they can be allowed to import electric vehicles.
yicai commentary: in the process of chinese car companies “going global”, tariffs have become one of the focuses of attention. in recent years, in march 2023, turkey announced an additional 40% additional tariff on electric vehicles imported from china, raising the total tariff to 50%. on june 8, 2024, turkey announced that it would expand this policy from electric vehicles to all chinese imported cars (including auto parts). if the tariff is less than us$7,000, it will be charged at the standard of us$7,000, which will be implemented from july 8 this year. in early july, turkey issued a presidential decree "on revising the decision on imposing additional tariffs on imported products", which stipulated that no additional taxes and fees will be levied on automobile imports within the scope of investment incentive policies, and it will take effect immediately. automobile manufacturers that invest and set up factories in turkey will enjoy investment incentive policies and do not need to pay the previously stipulated 40% additional tariff, but only need to pay a 10% tariff.
behind türkiye's frequent adjustments to its policies on imported electric vehicles is the continued expansion of china's new energy vehicle exports. analysts say that currently no importer can meet these conditions, which will put pressure on chinese automakers. erol sahin, founder of ebs danismanlik consulting, believes that the turkish government is sending a "signal to speed up progress" to chinese car companies that are negotiating with it for localized production.
in july, byd signed an investment and factory agreement with the turkish government. byd will invest us$1 billion (approximately 7.273 billion yuan) to establish a production plant and r&d center in türkiye with an annual output of 150,000 vehicles. the factory is scheduled to go into production at the end of 2026 and will employ 5,000 people.
domestic news
1、yin tongyue, chairman of chery, said, “new energy vehicles want to catch up with byd, but the further they catch up, the farther they go.”
on september 29, the high-level forum of the global intelligent automobile industry conference was held in hefei. chery automobile chairman yin tongyue said in his speech that chery automobile ranks relatively low in the development of new energy vehicles and "want to catch up with byd, but the further it catches, the farther it gets." . in response to this, byd executive vice president he zhiqi responded in a subsequent speech that byd is also catching up with chery automobile in overseas markets. yicai dianping: the penetration rate of new energy vehicles is gradually increasing, and competition among independent brands is becoming increasingly fierce. according to data from the passenger car association in august 2024, china’s independent brand passenger car market share reached 63.4%. among them, independent brands account for more than 80% of the new energy market share. at the same time, chinese car companies are accelerating the pace of exports.
yin tongyue said in his speech that chery automobile has laid out the global market earlier, and its current overseas sales account for 45%. it is understood that chery automobile will export a total of 937,148 new cars in 2023, a year-on-year increase of 101.1%. as of the end of 2023, chery has more than 13 million global car users, including 3.35 million overseas users. from january to august this year, chery group's export volume reached 720,300 vehicles, a year-on-year increase of 25.2%, accounting for 47.8% of the group's overall sales.
2. byd’s sub-brands signed a cooperation agreement with huawei
recently, byd said in a research event that its fangbao automobile and huawei signed an intelligent driving cooperation agreement in shenzhen. this cooperation is based on the strategic cooperation between the two groups and carries out in-depth joint research and development of intelligent driving for byd's fangbao vehicle. the first product focuses on the upcoming fangbao 8 model and is equipped with huawei qiankun smart driving ads3.0. create a hard-core exclusive smart driving solution.
yicai comments: as the process of automobile intelligence accelerates, it is urgent for car companies to iterate on intelligent technology. facing the strong competition from new forces in intelligent technology, it has become the choice of many car companies to use huawei to accelerate intelligentization. in 2024, huawei will cooperate with many car companies including dongfeng series lantu and warrior, changan series deep blue and avita, gac trumpchi, baic jihu and xiangjie, cyrus infinity, chery zhijie, jac, etc. within this year, about 10 models will be launched equipped with qiankun solutions.
the cooperation between fangbao and huawei smart driving is neither a smart car selection model nor an hi model, but a more flexible cooperation in the field of smart driving. leopard 8 is expected to be launched in the third quarter of this year and is expected to become one of the next important products for fang leopard to open up a new situation.
xiong tianbo, general manager of fangbao automobile, said that fangbao is also exploring the possibility of more cooperation with huawei for some of its subsequent products.
3. xiaopeng huitianobtain150new orders for flying cars
recently, the third global digital trade expo opened. gaozhi airlines, aucheng airlines and xpeng huitian signed a purchase contract for 150 flying cars on site. the flying car purchased is the world's first mass-produced split flying car x3 , also known as the "land aircraft carrier". the models signed this time are expected to be pre-sold at the end of this year, with mass production and delivery starting in the first half of 2026, with a price of less than 2 million yuan.
yicai comments: information previously released by xpeng huitian shows that the "land aircraft carrier" will start pre-sales at the end of this year and plans to start delivery in 2026. zhao deli, founder of xpeng huitian, said that as of now, the cumulative booking orders for "land aircraft carrier" exceed 1,000 units, and the intended purchase orders exceed 3,000 units.
according to the plan, the flying body of the "land aircraft carrier" is expected to obtain the type certificate in october 2025. the delivery of the "land aircraft carrier" will begin in 2026, and will first be used in "field flying" scenarios such as flying camps. in addition, according to xiaopeng huitian's "three-step" strategy, the "land aircraft carrier" will drive the construction of the low-altitude flight industry chain and ecological chain through limited-scenario flight experiences and public services, thereby solving the problem of "flying well" and "flying cheaply" question.
4、 aianRTstart pre-sale
the ion rt velociraptor, a subsidiary of gac ion, has officially started pre-sales. the new car has launched a total of 4 versions. the high-end smart driving version equipped with lidar starts at 159,800 yuan. xiao yong, deputy general manager of gac aion, believes: "there is still a lot of room for high-end smart driving. the penetration rate of high-end smart driving in the a+ class car market of 100,000 to 180,000 is less than 1%; the a-class car market is large enough to accommodate multiple popular models. ”
yicai comments: in the a-class sedan market, competition among new energy independent brands is becoming increasingly fierce. from january to august this year, byd qin series sedans sold approximately 300,000 units, ranking first in sales of a-class cars. recently, models including xiaopeng mona m03 and aion rt have entered this market segment, focusing on starting competition in the smart driving field. this year, gac aian has experienced year-on-year sales declines for eight consecutive months. to this end, gac aian will launch a number of new models such as the second-generation aion v and aion rt in the second half of this year to compete in the market. it is worth mentioning that when asked whether the launch price of the aion rt lidar version will be reduced, gu huinan, general manager of gac aian, said that gac aian will not sell cars at a loss.
(this article comes from china business news)
