Development Prospects of Automotive Industry in <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />
1. Development Condition of Automotive Industry in
1.1 Overall Situation of Automotive Industry in
In 2009, the scale enterprises of automotives and auto parts of the entire province fulfilled an output value of 295 billion Yuan, covering over 30% of the whole provincial industrial values. In the output value, scale auto parts enterprises fulfilled 69 billion Yuan, increasing 24.5%, which means that in the entire provincial industrial economy auto and auto parts industry has become an industry covering the largest total value, increasing fastest, being most efficient and contributing the most.
According to Jilin Provincial Automotive Industry Plan, the estimated auto production of the whole province in 2010 will reach 1.4 million. By 2012 the total production will have reached 2 million, making a total GDP of 420 billion Yuan. By 2015 the total production will have reached 4 million, of which the vehicle production of
In 2010 on the basis of carrying on well the various promulgated policies supporting FAW Group and parts industry development, the provincial party committee and the provincial government further study and prepare a variety of measures promoting the healthy and rapid development of automotives and auto parts. They shall focus on the construction of the two Auto Districts in
1.2 Basic Condition of FAW Group
China First Automotives Works Group Corporation is shortened as “China First Auto” or “FAW” with headquarter in
Now there are 17 functional sectors, 19 wholly owned subsidiaries and 14 holding companies in FAW. There are 4 listed companies, which are namely FAW Cars Company Limited, Changchun FAW Fuwei Auto Company Limited, Tianjin FAW Xiali Auto Company Limited and Qiming Information Technology Company Limited. Divided by area, their main business fields cover six systems of research and development, passenger vehicles, commercial vehicles, rough parts, supporting and derivative economy. They now have 123.6 thousand employees and a total of 105.28 billion Yuan assets. After years of development and construction, the ability of independent R & D and business core competence ability in FAW have been continuously improved. A products structure of various kinds and wide series of trucks, cars, light vehicles and buses has been set up, possessing such independent brands as Jiefang, Red Flag, Besturn, Xiali and Weizhi and such joint venture brands as Vokswagen, Audi, Toyota and Mazda.
For many successive years the production and sales of FAW have topped Chinese automotive industry. In 2004 the annual sales of the enterprise took the lead to sell 1 million vehicles, which established a milestone in Chinese auto development industry. In 2008 China FAW sold 1.533 million vehicles, achieving the revenue of 161.76 billion Yuan. In 2009 the industry-wide auto production of FAW Group reached 1.9427 vehicles, achieving a year-on-year growth of 29.2%. It implemented the 1.94 million vehicles sales with a year-on-year growth of 26.9% and a 14.25% market share, ranking the second in domestic auto industry. In that year FAW realized the main business income of 188.17 billion Yuan with a year-on-year growth of 23.4%. The total profit of the year reached 17.8 billion Yuan, achieving 127.2% year-on-year growth.
1.3 Matching Conditions of FAW Group
In 2009 the procurement value of FAW Group reached 172.6 billion Yuan. It is estimated that the figure will reach 207.1 billion Yuan in 2010. The procurement budget for FAW Volkswagen will be 84.02 billion Yuan, 50.02 billion Yuan for FAW Toyota, 25.7 billion Yuan for Jiefang Company and 21.4 billion Yuan for FAW Cars Company. There are about 1000 auto parts enterprises supporting FAW Group.
At present the matching rate in
2. Development Condition of Automotive Industry in
2.1 Overall Situation of Automotive Industry in
Auto industry has been the key pillar industry in the industrial economy of
2.2 Introduction to FAW Jilin Company
FAW Jilin Auto Company Limited (shortened as Jilin Auto) was formerly called FAW Jilin Light Vehicle Factory which was founded in 1983. It used to be a local enterprise of
FAW Jilin Auto Company Limited mainly produces CA6360 minibus, CA6361 minibus, CA6371 minibus, V70 minibus, D
2.3 Auto Development Prospects in the Future of
For the next period, Jilin Auto Industrial District will be the main carrier to direct at internationalization and diversification in
3. Development Space of Auto Parts in
At present there are 140 auto parts supporting enterprises in
Chemical industry is very developed in
In Feb., 2010