Li Dakai: Only weak products have no weak market

Recently, Li Dakai, chairman and general manager of Shaanxi Fast Group, spoke on the impact of the financial crisis on China’s auto industry and the market prospects of Fast transmissions at a seminar hosted by the China Association of Automotive Journalists and other organizations. Although the global financial crisis has not bottomed out, he continues to be optimistic about the auto industry in the next two years.

Continue to be optimistic about the automotive industry in the next two years

Li Dakai said that although the financial crisis has had a great impact on the global economy, it has not been “in the end.” A series of domino phenomenon will emerge one after another. The second round of financial crisis, marked by the hardship of the real economy, will be in the second half of this year. arrival. This will have a certain impact on China's economy with a high degree of dependence on foreign trade, which will also have a wide-ranging and uncertain impact on China's auto industry.

Although there are still many difficulties, Li Dakai still has "full confidence" in the rapid recovery of China's auto industry. He said: “I am very optimistic about the prospects of the automotive industry, especially the commercial vehicle industry, this year and next year. The main reason is that the country’s increased investment in fixed assets has clearly driven demand, and the demand for commercial vehicles, especially heavy trucks, has grown strongly.”

According to Li Dakai, the current global automotive industry is facing a huge crisis. Even auto companies such as Toyota and Honda have experienced unprecedented difficulties. Although the pressure faced by China's auto industry is small, it has encountered many difficulties. For example, since the second half of last year, Fast, the main supplier of commercial vehicles, suffered heavy losses. In the first half of the year, it produced and sold 330,000 units of various transmissions. In the second half of the year, it produced only 130,000 units, especially in October. Only 10,000 units were sold; 467,500 units were produced and sold throughout the year, and plans to produce and sell 600,000 units were frustrated. The situation has gradually improved this year. In February, production and sales resumed to 30,000 units. In March, production and sales resumed to 60,000 units. From April to May, it was basically maintained at the normal level of 50,000 units. Li Dakai predicts that the sales volume of the Fast transmission will reach 500,000 units this year, including 240,000 units in the first half of the year and 260,000 units in the second half of the year. It will maintain the position of first place in world transmission production and sales for four consecutive years.

Li Dakai said that since the beginning of this year, Fast has gained a prelude to full-scale entry into the passenger car market with its advanced technology and large-scale development in transmission manufacturing, opening up a new path for the diversified development of enterprises.

Only weak products have no weak market

Li Dakai said that in responding to the global financial crisis, the Fast Group has firmly seized the opportunity of a series of investment-pulling policies such as “guaranteing growth, structural adjustment, and expanding domestic demand” and brought about great development opportunities through adjustment of product structure and extension. Industrial chain and strengthening of scientific management measures, give full play to the advantages of enterprise innovation, scientific and technological advantages, brand advantages and financial advantages, and constantly accelerate the adjustment of product structure and optimization and upgrading, and comprehensively expand the market leading position of the new transmission products of Fast.

At present, Fast has formed an annual production capacity of 600,000 heavy-duty transmissions. In the first five months of this year, the company's total industrial output value and accumulated sales revenue exceeded RMB 2.6 billion respectively; production and sales of 196.7 million and 197,200 automobile transmissions fully met the market demand. In this regard, Li Dakai believes that Fast's counter-trend and forcefully illustrate the truth: "only weak products, no weak market."

Li Dakai said with pride: “The reason that Fast can develop from an undisclosed third-tier enterprise that was located in the ravine that year became the world’s largest heavy-duty transmission production base, and its production and sales volume has ranked first in the world for three consecutive years. It is independent innovation, and the competitive product, the double countershaft transmission, has been able to develop from a single series of three varieties introduced in the current year to more than 20 series of hundreds of varieties today, relying on independent innovation. It has formed a new pattern of dual-middle-axle transmissions as the mainstay and a single countershaft transmission as auxiliary, high-, medium-, and low-grade heavy-duty transmissions complement each other, achieving full-range coverage in the 4 to 16-speed transmission field and broadly matching Various types of models with input torque ranging from 300 to 3,000 Nm and a load capacity of 2 to 60 tons; Fasts transmission has a market share of more than 80% in the domestic heavy-duty vehicle market of over 8 tons, and the market share of heavy-duty vehicles over 15 tons. More than 90%, and exports to more than a dozen countries and regions. These achievements have made us confident in the prospects of Fast and even the Chinese auto industry."

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