BorgWarner’s Post

+++ Chinese automotive companies increase their commitment in #Mexico - domestic production facilities are planned +++ The Mexican automotive industry is currently undergoing a major upheaval: Chinese car brands are reshaping the market, with four surpassing 80,544 units sold in 8 months. Now, seven more Asian companies are entering, presenting a golden opportunity to boost post-pandemic sales. Chinese market share has surged from 2.6% in 2021 to 9.39% in 2023. MG Motor, JAC, Chirey, and Motornation lead sales, with BYD introducing its first electric vehicle, the Dolphin, aiming to sell 30,000 units next year. Mexico, a strategic market for BYD, is witnessing a shift towards sustainable automotive practices. According to its own statements, the Chinese car manufacturer BYD is planning to build a plant in Mexico. The development of the regional automotive industry will naturally also be a major topic at the highly acclaimed premiere of GIFA Mexico from October 16 - 18 2024 within FUNDIEXPO, and numerous exhibitors and visitors from China are expected to attend.   🎬 More information and exhibitor registration: www.gifa-mexico.com ➡️ If you are interested in becoming a part of GIFA Mexico, our colleague Sarah Möller will be happy to help you. ℹ️ More information on the development of the Mexican automotive market can be found in the following article (Spanish): https://bit.ly/47IsRPz #GIFA #GIFAMexico #FUNDIEXPO2024 #Automotive  Image (BYD): BYD DOLPHIN

An example of propaganda, well known in Eastern Europe from the dismal communist era. The president, an infamous remnant of the old days of the criminal state organized in Poland by PiS, visits the president of the communist regime and calls him a friend and the "national newspapers" froth to the skies. In a second article, the same newspaper praises the achievements of a Chinese company and its Chinese president brags about them. In Poland and in Europe. This point I must unfortunately correct. Not a single one of these technologies is of Chinese authorship. Most date back to the 1990s when GM produced its first electric car: the EV1. These ideas were later implemented in Europe by ACG and its successor Delphi Automotive Systems, many of whose divisions were much later sold off by the profit-maximizing, U.S.-based management of the bankrupt General Motors. These divisions, among them Delphi Chassis, were sold to other U.S. companies, which had sprung up a few days before these deals like mushrooms, as if on order (!). American companies, but with Chinese capital! Didn't the Americans at General Motors know this? I doubt. We sold and implemented these technologies in Europe at Daimler-Chrysler, Audi, BMW and many others, because for the Opel or Vauxhall brands, they were still too expensive. The development of these cutting-edge technologies continued at the Technical Centers in Paris and Krakow, as well as at the production facilities in Cadiz and Krosno. I am writing this as the person who directed the buyout of the Krosno plant from the VI national fund in the 1990s, later responsible for locating, then the largest technical center (600 engineers) in Europe, in Krakow (Spain and Austria were our competitors) and then directing the implementation of some of these technologies at Mercedes and BMW. Other colleagues were responsible for Audi, Porsche and Ferrari. There is not a single Chinese technology in all of these innovations!

China Automotive Industry Market In-depth Assessment and Investment Opportunity Forecast Report 2024-2030’ (hereinafter referred to as the ‘Report’) launched by Wisdom Research Consulting provides a comprehensive overview and in-depth analysis of China's automotive market. Since its inception, China's automobile industry has achieved remarkable results after decades of development and has now become a global powerhouse in automobile production and sales. The development of China's automotive industry has not only led to advancements in automotive manufacturing but also promoted the continuous improvement of the automotive industry chain. This includes the manufacture of auto parts, automotive sales, repair and maintenance, and second-hand car trading, forming a complete system within China's automotive industry chain. With the continuous development of China's economy, the advancement of science and technology, and the enhancement of automotive intelligence and Internet connectivity, the scale of China's automotive industry continues to expand. Data shows that in 2023, China's automobile manufacturing industry had total assets of 108.6683 trillion yuan, an 11.7% increase year-on-year; operating income was 100.9758 trillion yuan, an 8.7% increase year-on-year; and total profit was 508.63 billion yuan, a 4.4% decrease year-on-year. Automobile lightweighting can reduce fuel consumption, lower usage costs, and reduce various pollutant emissions. In recent years, China has issued related policy documents such as ‘Made in China 2025’ and the ‘Parallel Management Approach for Average Fuel Consumption of Passenger Car Enterprises and New Energy Vehicle Points.’ These documents indicate that automotive lightweight technology is a key breakthrough direction and development trend in the current automotive industry. #Lightweight #LightweightAsia2024 #automotiveindustry To learn more about the market trends, stay tuned to Lightweight Asia 2024 Date: 03-05 July 2024 Venue: Shanghai New International Expo Center  Learn more：https://lnkd.in/gid2RGSb

The report titled ‘China Automotive Market Development Forecast Report 2024’ shows that from January to November 2023, China's automotive market sales reached 26.938 million units, an increase of 10.8% year-on-year. Sales of new energy vehicles were particularly significant, reaching 8.304 million units, a year-on-year increase of 36.7%. The report forecasts that China's auto market will continue to grow in 2024, with total sales expected to reach 31 million units, up 3% year-on-year. The new energy vehicle market is expected to expand further, with sales projected to reach 11.5 million units, a 20% year-on-year increase. However, the market is also facing challenges, including the sustainability of economic recovery, consumer confidence, uncertainty in the global trade environment, and price trends. To address these challenges, the auto industry should focus on expanding domestic demand, consolidating the fundamentals of foreign trade and foreign investment, promoting the construction of ecological civilization and green, low-carbon development, and maintaining the continuity and stability of policies to boost market confidence. Additionally, deepening reforms in key areas will inject momentum into the high-quality development of the automotive industry. #Lightweight #LightweightAsia2024 #automotivemarket To learn more about the market trends, stay tuned to Lightweight Asia 2024 Date: 03-05 July 2024 Venue: Shanghai New International Expo Center  Learn more：https://lnkd.in/gid2RGSb

We would like to thank NEXUS Automotive International SA for the business review invitation last week in Singapore.    GAEL ESCRIBE (Founder & CEO of NEXUS Automotive International) and Micah Shepard (President of Schaeffler Automotive Aftermarket Asia Pacific) discussed about the challenges in the ever-changing Automotive Aftermarket landscape globally.     This meeting highlighted the importance of having close communication with suppliers and members as the key to success in capturing market share. Both leaders had a valuable exchange of views and strategies for growth in Asia Pacific region.     We look forward to a stronger future partnership to unlock the growth potential of Automotive Aftermarket industry in Asia Pacific.    #AutomotiveAftermarket #Collaboration 

Automotive Lightweighting Becomes a Hot Trend: Top Group Makes Major Moves, Ningbo Listed Companies Increase Investment Under the backdrop of dual carbon goals, lightweighting has become the targeted "bullseye" for an increasing number of automotive component enterprises. On the evening of December 12, Top Group announced that it plans to raise no more than 4 billion yuan through a private placement. The funds will be used for projects including the production of 1.2 million sets of lightweight chassis systems and 600,000 sets of automotive interior functional components annually in Chongqing, and a project in Ningbo Qianwan to produce 2.2 million sets of lightweight chassis systems annually, among 8 other projects. The automotive industry is Ningbo's largest, with 19 A-share listed companies and another, Xingyuan Zhuomeng, set to list on December 15. Top Group's layout in vehicle chassis lightweighting includes subframes, suspensions, control arms, and more. In recent years, on top of its existing shock absorber and interior functional components business, the company has been actively laying out lightweight chassis system modules, automotive electronics, and thermal management systems as future strategic development projects, in line with the trends of electrification, intelligence, and lightweighting in the automotive industry. #Lightweight #LightweightAsia2024 #automotiveindustry #intelligence To learn more about the market trends, stay tuned to Lightweight Asia 2024 Date: 03-05 July 2024 Venue: Shanghai New International Expo Center  Learn more：https://lnkd.in/gid2RGSb

#ThoughtsofaCEO As CEO of PWO Group I am delighted to share insights from my recent visit to Auto China. I was thoroughly impressed by the sense of enthusiasm and optimism both within the exhibition halls and on the bustling streets of Beijing. The unveiling of numerous world premieres offered fascinating glimpses into the visionary endeavors of Chinese OEMs in shaping the future of #mobility. Once again, #China reaffirmed its pivotal role and influence in the global #automotive industry. It was a pleasure to explore diverse perspectives with Hildegard Müller (President of the German Association of the Automotive Industry (VDA)), Gary G. (CEO of PWO China) and David Xu (CEO of Bosch China). The sheer size of the Chinese market undeniably demands attention: With 25.8 million new registrations in 2023, it nearly rivaled the combined scale of the European and US markets. This underscores the indispensable nature of China within the automotive industry, a reality that cannot be overlooked by anyone who wants to be a global leader in our industry. As Chinese OEMs and their supply chains are vigorously challenging European OEMs with their innovative strength and speed, we should welcome this spirited competition and use the momentum coming from China to in some areas catch up again and in other areas strengthen our own competitive advantages. Of course, there are many challenges that require an open dialogue and a joint effort to deal with different perspectives. Embracing protectionism e.g. by implementing import duties is a counterproductive stance. Fostering a climate of robust competitiveness is of paramount importance for the sustainable vitality of the industry. However, such endeavors hinge upon a supportive policy framework. Time is of the essence. The German government and European politicians must finally make strengthening domestic industry their priority. It puzzles me that despite the increasingly urgent pleas from industry stakeholders, by now even in alignment with labor unions, the German government and the EU remain hesitant to heed these calls. #Germany requires the best framework conditions worldwide as an industrial location in order to seize the opportunity to lead the automotive industry into a future characterized by innovation, sustainability and growth. #PeoplePlanetProgress #automotiveindustry

ℹ 𝗗𝗘𝗪𝗘𝗧𝗥𝗢𝗡 𝗡𝗘𝗪𝗦   Another successful trade fair has just come to an end! 🥳   Last week, the Symposium on International Automotive Technology (SIAT) took place in India. In line with the theme of the event "Transformation Towards Progressive Mobility", there were many interesting discussions about the latest measurement technologies in the automotive industry.   If you would also like to talk about your measurement task, simply contact our experts: https://bit.ly/3HCG3KQ   #DEWETRON #TheMeasurableDifference #PowerAnalyzer #Measurement #Automotive #SIAT

Dear IN friends. As the automotive landscape in Brazil evolves, we're witnessing a notable influx of Chinese automotive brands into the market. These brands are making significant strides in expanding their presence and offerings across the country. With their reputation for affordability, innovative technology, and increasingly competitive quality, Chinese automakers are capturing the attention of Brazilian consumers. Their entry into the Brazilian market not only introduces a wider array of options for consumers but also contributes to the diversification and competitiveness of the automotive industry. The arrival of these Chinese brands signals a new chapter in Brazil's automotive sector, marking a shift in the global automotive landscape and presenting both challenges and opportunities for established players and newcomers alike. Let’s see next chapters. #xiaomi #innovation #chinesebrand

DEKRA celebrated the groundbreaking ceremony for its Kunshan Testing Center, marking a significant milestone in enhancing quality in the automotive and electronics sectors. This underscores our commitment to driving growth through technology and investment.🚀 Held on March 11, 2024, in Kunshan, China, this event reaffirmed DEKRA's confidence in the Chinese market. The ceremony was attended by government officials from the Kunshan Economic & Technological Development Zone, as well as Mr. Stan Zurkiewicz, DEKRA CEO, Dr. Kilian Aviles, SVP of DEKRA APAC and Managing Director of Mainland China and Hong Kong, Ms. Candy Shen, Director of Human Resources & General Administration, East & South Asia, and Mr. Ming Sheng, GM of EV Components and Automotive Business Development, DEKRA China. Mr. Stan Zurkiewicz emphasized DEKRA's deeper involvement in the industry, highlighting our commitment to technology-driven growth and customer centricity. He stated, "It's not merely to inaugurate the groundbreaking of a new testing center, but to celebrate the strategic vision that propels DEKRA forward into the heart of innovation and progress. Our customers, the lifeblood of our organization, have placed their trust in DEKRA for decades. This new testing center is more than a physical space; it is a symbol of DEKRA's commitment to customer centricity, innovation, quality, and global collaboration. "🌐 Spanning 6,500 square meters and equipped with cutting-edge equipment and a skilled team, the DEKRA Kunshan Testing Center will offer comprehensive services for automotive components and electronics, aimed at raising product quality and fostering innovation in these industries.🎉 Let's journey together into this new chapter. 🌟 #DEKRA #TechDrivenGrowth #Innovation #GlobalCollaboration #IndustryLeadership #CustomerCentricity