In the first half of the year, the growth rate of sales of multinational parts and components companies

According to data from the China Association of Automobile Manufacturers, in the first half of 2015, China’s auto production increased by 2.64% year-on-year. Although the growth rate of the domestic auto market is slowing down, it is still the “Taro” in the eyes of parts and components multinational corporations, which plays an important role in improving their performance. Then, in the first half of 2015, how did multinationals perform in the Chinese market?

In the first half of the year, the growth rate of sales of multinational parts and components companies

According to the first-half financial report of Foglia, its operating revenues in Europe (including Russia) and Asia increased year-on-year, while those in North America and South America fell. Among them, Europe (including Russia) contributed the largest share of the region, up 9.3% year-on-year to US$6.423 billion. Asia was up 9.2% year-on-year to US$1.687 billion, while its operating income in China increased by 64.5% YoY to US$1.411 billion. It accounted for 83.6% of the Asian market's operating revenue, of which sales growth for Chinese automakers increased by 55. %, accounting for 8% of sales in the Chinese market.

These data show that Faurecia achieved very good results in the Chinese market in the first half of this year. Related news also revealed that Faurecia plans to sell its bumper and shock absorber business to release funds to help expand in the Chinese market. Currently, Faurecia has spoken with a number of private equity fund companies and auto parts suppliers to find potential buyers, but Faurecia has yet to make a final decision.

In the first half of 2015, Michelin 's car and light truck tire business achieved remarkable results in the Chinese market. In respect of passenger cars and light truck tires, its overall demand remained stable during the first six months of the year in the original tire market in Asia (excluding India). Despite a slowdown in June, its Chinese market increased by 5% in the first half of the year. Among them, the demand for passenger car tires declined, while SUV tires continued to grow. The demand for replacement tires in Asia (excluding India) shrank slightly by 1% in the first half of the year, but its momentum in the Chinese market continued, with a growth of 9% in the first half of the year.

In addition, although SKF's financial statements for the first half of the year did not disclose specific data in the Chinese market, its financial report shows that in the first half of this year, SKF's industrial product sales increased in China's energy business; in the automotive business, its In the sales of automobiles, light trucks and new business development of heavy truck parts, there has been a great improvement. It needs to be pointed out in particular that its cooperation with Chinese domestic customers such as Great Wall, Geely and other vehicle companies has significantly improved. However, the financial report also pointed out that given the uncertainties in the Chinese market, the development of SKF in China in the second half of the year still needs special attention.

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