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11/03
2020
The restructuring of the automotive industry chain is creating new opportunities for component suppliers, as electrification and intelligentization are the prevailing trends.
At the 2020 China Automotive Supply Chain Conference held recently, attendees noted that the automotive industry chain is undergoing accelerated restructuring, presenting new development opportunities for component manufacturers. Particularly amid the significant prospects brought by the “new four modernizations” of the automobile sector, the industry must focus on innovation in electrification and intelligent technologies, strive to master core technologies, overcome critical bottlenecks, accelerate cross-sector integration, and seize emerging growth opportunities. Ensuring Supply Chain Security It is worth noting that the China Automotive Supply Chain Conference was formerly known as the “China Automotive Components Industry Annual Conference and Summit Forum.” Industry insiders indicated that this year’s event name…
The future prospects of the mechanical manufacturing industry
Speaking of the mechanical processing and manufacturing industry, I’m filled with deep reflections. Time has flown by—before I knew it, I’ve already spent ten years in this field. From my early days of tentative learning to where I am today, at the age of thirty, I’ve steadily forged ahead, painstakingly exploring and honing my skills. Finally, after enduring hardship, I’ve begun to see some rewards. Yet, as the industry evolves at breakneck speed, with frequent upgrades and technological shifts, I can only keep moving forward on a path of endless learning. The mechanical processing and manufacturing sector boasts a long and storied history; it truly serves as the cornerstone of national development. A nation’s strength is measured by its industrial prowess, and this industry not only continues to grow but also spans a wide array of applications. Many sectors simply cannot do without mechanical processing and manufacturing, which is why the government has consistently placed great emphasis on advancing its technologies, encouraging…
How should we navigate the new normal? Three key pillars of transformation for the machinery industry.
Recently, the Industrial Technology Research Institute (ITRI) released its outlook on 2021 industry trends, noting that the machinery sector—hard hit by the pandemic—is expected to see a 10.5% decline in output value in 2020 compared with 2019. To adapt to the post‑pandemic new normal, ITRI has identified three key transformation priorities, emphasizing that the machinery industry must seize emerging business opportunities and accelerate digital transformation. In 2020, global manufacturing was severely affected on both the supply and demand sides by the dual shocks of the U.S.–China trade war and the pandemic. However, once the pandemic subsides, the more pressing challenge will be how to navigate the post‑pandemic “new normal.” Xiong Zhimin, Manager of the Mechanical and Manufacturing Systems Research Division at ITRI’s Industrial Economics and Strategy Research Institute, pointed out that in the post‑pandemic era, the U.S.–China…
Advantages and Disadvantages of Forging and Casting
I. The Difference Between Forging and Casting: Forging and casting differ in several respects, such as their definitions and the manufacturing processes involved. Below, we will provide a detailed overview of the key characteristics of each process. 1. Different Definitions: Forging: A process in which metal is shaped into a specific form and size by hammering or other methods while it is still in a plastic state, thereby altering its physical properties. Casting: A manufacturing method in which molten metal is poured into a mold; after cooling and solidification, the resulting cast piece is removed and finished to achieve the desired shape. This process can produce components with complex geometries. 2. Different Manufacturing Processes: Forging:
The 15-year plan for the new energy vehicle industry has been implemented, benefiting technology-driven companies across the value chain.
On November 2, the “New Energy Vehicle Industry Development Plan (2021–2035)” (hereinafter referred to as the “Plan”) was officially issued, setting the tone and charting the course for the development of new energy vehicles over the next fifteen years. The Plan calls for “intensifying research on key technologies and promoting deep integration across industries,” which is expected to benefit technology‑driven enterprises along the new energy vehicle value chain. For instance, companies that serve as core component suppliers to automakers—such as Jinfei Kaida (002863) and Shuanghuan Transmission (002472)—have garnered strong market favor. Since the beginning of this year, favorable policies supporting new energy vehicles have been rolled out at both the national and local government levels. According to the latest data from the Ministry of Industry and Information Technology,
The on-site conference on the application and promotion of industrial Internet platform solutions for the automotive components industry was held in Suzhou.
These enterprises face challenges such as fluctuating customer demand, stringent product‑appearance requirements, numerous product variants produced in small batches, complex on‑site processes, and a diverse array of production equipment. Addressing the common pain points of automotive electronics firms and machined‑parts manufacturers, system solutions built on industrial‑Internet platforms have delivered strong results in real‑world applications, demonstrating significant value for broader industry adoption. On October 20, a field‑based conference on the application and promotion of industrial‑Internet platform solutions for the automotive‑components sector, hosted by the National Industrial Information Security Development Research Center, was successfully held in Suzhou, Jiangsu Province. Serving as the opening event of the Two‑Integration and Industrial Internet Platform Conference…
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