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Weichai Power, which parted with China National Heavy Duty Truck, seems to be enjoying a new life. Recently, the reporter learned that following the rapid growth of Shaanxi Zhongqi as a partner, Weichai Power officially announced that it will establish a long-term alliance with China FAW Group. With the transfer of Weichai to FAW, not only has it brought about changes in the engine sector, it has added pressure on Yuchai, a competitor of FAW's Xichai, Dachai, and Weichai, and has also exerted a profound influence on the heavy truck industry. Shaanxi Automobile has more or less impact.
Weichai engine to FAW liberation "original"
According to the agreement between both parties, in the future, FAW Group will use the Weichai Power WD and WP series of engines for the "liberation" brand of 340 horsepower or more. At the same time, the two parties will also brewing and setting up a cooperation platform to allocate their own advantageous resources and explore new markets. Jia Xinguang, chief analyst of China Automotive Industry Consulting Co., Ltd., believes that Weichai Power will split up with its old owner China National Heavy Duty Truck this year without fear. It may have had an intention of cooperation with FAW.
This alliance can have a profound impact on the entire heavy truck and engine market. Judging from the perspective of the vehicle, it has undoubtedly confirmed the recent trend of heavy-duty card market development. In addition to the low-end market, the demand for high-tonnage, high-horsepower, and high-tech heavy-duty trucks in the high-end market is also increasing. Foreign agencies predict that by 2010, domestic heavy trucks with more than 15 tons will account for 70% of the total. . The reporter learned that at present, this area and market are still the weak links of domestic heavy truck companies. Last year, China FAW sold about 56,000 heavy-duty vehicles of over 14 tons.
According to statistics, in the first half of this year, the market share of FAW heavy trucks only accounted for 22.1%, which was only slightly superior to 21.8% of Dongfeng and 21% of CNHTC, and its market share once reached 40%. The reason is not difficult to find, it is still a small tonnage of 6-10 tons, or a relatively thin product system based on quasi-heavy card products, has begun to limit its development. This time, in conjunction with Weichai, we are demonstrating the ambitions of this overlord with many years of heavy trucks in large-tonnage products.
In the past, China National Heavy Duty Truck Group has taken the nationwide sales championship of domestic heavy trucks, tractors, cement mixers, and export vehicles with a capacity of 300 horsepower or more into the bag.
Weichai last year's total sales fell 15.1% year-on-year
From the point of view of engine companies, Weichai Zuoxi Shaanxi Automobile Co., Ltd. and right-handed FAW Co., Ltd. undoubtedly made another domestic diesel engine giant, Yuchai, unable to sit down, leaving FAW's Xichai and Dachai worried. The reporter learned that Xichai and Dichai sold about 100,000 to 120,000 units last year, and the two cars were fully semi-satisfied with the FAW full-vehicle package. Both of them needed only 5-6 million engines to find buyers. . Now that Weichai has killed Cheng Jinjin, it is believed that in the heavy-duty market where growth has been sluggish, the days of the first two are even more sad. Therefore, since the beginning of this year, Xichai's products have been actively seeking passenger car support. Yuchai has also diversified its campaigns, provided support for SUVs, and is developing sedan engine projects. We can also imagine why.
Weichai believes that establishing a partnership with FAW will enable the Group to completely cover the heavy-duty automakers in the Mainland. In addition, FAW will also have stable and reliable high-power engine supply channels and improve its product structure. It is understood that Weichai was affected by the environment last year. Although the market share of high-power diesel engines was still over 80% in the 15 tons or above market, the total sales of the diesel engines were 114,000 units in the year, a year-on-year decrease of 15.1%, and the sales volume was 5.25 billion. 14.7%. After finally getting onto FAW, I wondered how much it would actually contribute to the actual sales this year.
background:
Weichai Power Distribution Heavy Truck Industry Chain Structure
On March 20 this year, the Shandong State-owned Assets Supervision and Administration Commission issued a notice declaring that CNHTC and Weifang Diesel Engine Factory formally dissociated themselves from each other. The former shares of Weichai Power Plant held by China National Heavy Duty Truck were transferred to the Shandong State-owned Assets Supervision and Administration Commission. Weichai Factory holds a 23.53% stake in Weichai Power, the single largest shareholder of the latter. Since December of last year, Weichai has stopped supplying China National Heavy Duty Truck.
Prior to the separation with China National Heavy Duty Truck, Weichai Power has acquired the Hunan Torch through its Weichai Power Investment Co., Ltd., thereby indirectly controlling Shaanxi Heavy Duty Trucks, and possessing the most valuable core component resources in the heavy truck industry in China, as well as heavy potential for development potential. Truck and SUV resources, the company's heavy truck industry chain structure has been laid out.
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