Global resources support Chinese cars going overseas

The 2024 World New Energy Vehicle Conference (WNEVC 2024), co-organized by the China Association for Science and Technology, the Hainan Provincial People's Government and the Ministry of Science and Technology, was held in Haikou, Hainan from September 27 to 29. The theme of this conference will be "Low-carbon Transformation and Global Cooperation", aiming to work with all participants in the global automotive industry to promote the sustainable and healthy development of new energy vehicles, strengthen global cooperation, and jointly achieve the goal of carbon neutrality.

During the conference, Schaeffler's "Dual-stage Cascade Planetary Coaxial Electric Bridge Reducer Technology" was selected as "Global New Energy Vehicle Innovation Technology" in the 2024 Global New Energy Vehicle Frontier and Innovation Technology Selection. This technology has set a new benchmark in the industry with its high efficiency, compactness and lightweight characteristics.

On June 11 this year, the 100,000th set of high-torque coaxial reducer produced by Schaeffler in China rolled off the production line at the Taicang manufacturing base. This coaxial reducer is installed on many best-selling models of brands such as Zeekr and Geely. During the conference, Autohome had an in-depth exchange with Dr. Chen Xiangbin, President of Schaeffler China Automotive Technology Division.

The global automotive industry is undergoing profound changes, and the development of new energy vehicles has become a key force in promoting industrial upgrading and achieving sustainable development. Chen Xiangbin shared Schaeffler's transformation strategy, technological innovation and outlook for the future market in the field of new energy vehicles.

In the era of fuel vehicles, Schaeffler Group is well-known for its outstanding performance in engine parts, gearbox shock absorbers, flywheels, clutches, dual clutches and bearings. With the growing global demand for new energy vehicles, Schaeffler is also actively deploying in the new energy field.

In recent years, as the price of new cars continues to fall, automobile companies are facing huge cost pressure, which will inevitably be transmitted to the supply chain. "The pressure will definitely be transmitted to the supply chain, and the automobile market is so competitive now." Chen Xiangbin pointed out that in terms of cost control, Schaeffler Group has taken extreme cost control measures. He believes that only by improving efficiency and reducing costs can it maintain its leading position in the fierce market competition.

In the process of restructuring the automotive industry, the relationship between OEMs and supply chains is also changing. As a world-renowned parts company, how does Schaeffler view this trend?

"The success of Schaeffler to this day is very important because we are customer-oriented. We do what customers need." Chen Xiangbin made it clear that the company has always been customer-oriented and provides a full range of services from parts to the entire system.

"We (the headquarters) have sufficient authorization to allow the Chinese team to operate, including our R&D. This is local for local, there is no doubt about it. Recently, we have talked more about local for global. Now many products have been developed in China, produced in China or rely on our Chinese supply chain. Going further, use China's ecosystem to support global business."

In addition, Schaeffler Group also emphasized the advantages of its global layout. "We don't need to go overseas, we already have a global layout." He pointed out that whether in the Chinese market or the European market, Schaeffler can provide localized support and services to help Chinese automakers go overseas.

Facing the future, Schaeffler Group has a clear strategic layout. "We hope to become one of the top three in the new energy sector and to make a profit in the Chinese market." Chen Xiangbin pointed out that the company's goal is to achieve a leading position in the new energy sector through continuous technological innovation and market expansion.

At the same time, Schaeffler also realized the importance of scale effect. Chen Xiangbin emphasized that only by expanding the scale of production can further reduce costs and enhance market competitiveness.

Today, when the global automotive industry is facing profound changes, Schaeffler Group's transformation path provides valuable experience and inspiration for the industry. With the continuous expansion of the new energy vehicle market, Schaeffler Group is expected to occupy a favorable position in future market competition and promote the sustainable development of the entire industry.