Chinese cars run out of independent market

Categories:Company Dynamics
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Time of issue:2021-10-28
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(Summary description)To seek sustainable development, traditional parts giants must also rely closely on the Chinese market.

Take Bosch as an example. In 2020, the Bosch Group's sales in China will be about 117.3 billion yuan, a year-on-year increase of about 9.1% compared to 2019. For the first time, China has become the largest single market of the Bosch Group.

Although compared to other markets around the world, Bosch has performed exceptionally well in the Chinese market. But in Zheng Yun's view, for enterprises, continuous cost optimization in traditional concepts is no longer a long-term solution. To seek greater development, traditional parts companies must focus on expanding high-potential businesses, reorganizing and optimizing other businesses while continuing to upgrade their cornerstone businesses.

Chinese cars run out of independent market

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Chinese cars run out of independent market

Categories:Company Dynamics
Author:
Origin:
Time of issue:2021-10-28
Views:0

Information

Traditional parts suppliers encounter challenges

How do traditional parts companies break the situation

To seek sustainable development, traditional parts giants must also rely on the Chinese market.

Take Bosch as an example. In 2020, the Bosch Group’s sales in China will reach approximately RMB 117.3 billion, compared with 2019. With a year-on-year growth of approximately 9.1%, China has become the largest single market for the Bosch Group for the first time.

Although compared to other global markets, Bosch has performed exceptionally well in the Chinese market. But in Zheng Yun's view, for enterprises, continuous cost optimization in traditional concepts is no longer a long-term solution. To seek greater development, traditional parts companies must focus on expanding high-potential businesses, reorganizing and optimizing other businesses while continuing to upgrade their cornerstone businesses.

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