AlixPartners conducted in-depth interviews with 50 Chinese executives in China's domestic and foreign automotive industry and automakers, as well as research on the Chinese automotive industry. This is the third consecutive year that AlixPartners conducted the research in China.
Only 9.1% of China's current 1.3 billion people earn more than 60,000 yuan a year, said Luo Xin, managing director of AlixPartners Shanghai office. The annual income of 60,000 yuan is regarded as the watershed of the first family to buy the first car.
With the expansion of this segment of the population, new car sales will increase. Luoman predicts that by 2013, the proportion of the population with an annual income of more than 60,000 yuan will rise to 14%. He said that because new car buyers have limited income, they will tend to buy low-priced cars, which is undoubtedly more conducive to local brands. “Today's international brands have a 68% market share in China. Pure local brands have only 32% share,†he said. “But Chinese brands continue to expand their market share.â€
More mergers and acquisitions
The study also showed that the profit margin of China's auto parts companies nearly doubled last year, and the most profitable among the same industry companies in the world.
China's auto parts industry revenue in 2009 reached about 1.14 billion yuan, an increase of 23%. The average profit margin of component companies is 2% higher than that of OEMs, while the profit margins of local parts companies are almost twice that of their international competitors.
Several major local component manufacturers, such as Wanxiang and Weichai, have become the winners in the market by ranking among the world's major suppliers in terms of operating income.
In the annual research report "2010 China Automotive Industry Outlook", AlixPartners pointed out that although the concentration of China's auto industry is still very low from the perspective of industry integration, the industry expects that the acquisition and merger of automakers will increase. In fact, 100% of survey respondents expect that acquisitions and mergers will increase this year and next year, especially in China's domestic market.
Bao Tianan, director of AlixPartners Shanghai Office, said: “The industry has generally expected that the acquisitions and mergers of the auto industry will increase many years ago. However, despite the attempts and explorations of a large number of overseas markets, most companies are aware of the various Challenges, no longer continue to advance. Of course, there are some exceptions, such as the acquisition of Volvo by Geely, which is highly concerned by the industry."
Bao Tianan added, “Looking ahead, we expect local acquisitions and acquisitions to accelerate and form a more influential local auto company in the international market. In the parts and components industry, several Chinese companies have already conducted in Europe and the United States. With the acquisition, we expect more similar acquisitions in the future."
The present invention provides a multifunctional pull faucet, comprising: a faucet body, a drawing part is provided at the water outlet port thereof, and the drawing part is connected to a main channel, wherein at least three are provided in the faucet body A branch channel, and the three branch channels are all connected to the main channel. A multifunctional pull faucet provided by the present invention, wherein the hot water channel, the cold water channel and the water purification channel (pure water channel) are all connected to the main channel , And the main channel is connected with the drawing part on the main body of the faucet, so that the drawing part can obtain the water quality (hot water, cold water, purified water or pure water) required by different users, thereby improving the user experience, and , By integrating the hot water channel, cold water channel and pure water channel (pure water channel) into the main channel, the internal structure of the faucet is simplified, and the production cost of the faucet is reduced.
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