Gu Yifan: Component Industry Should Increase Investment in Technology and Fundamental Research
Recently, Zhejiang Wan'an Technology Co., Ltd. was honored with the title of "National Accredited Enterprise Technology Center." As a key member of the Brake Committee under the China Automobile Industry Association, the company's contributions to the braking industry have been widely acknowledged. In response to this achievement, HC Network had the opportunity to speak with Mr. Gu Yifan, the Secretary General of the Brake Committee.
The "National Accredited Enterprise Technology Center" is a significant recognition of the company’s research and development capabilities.
Zhejiang Wan'an Technology Co., Ltd. has recently been designated as a "National Accredited Enterprise Technology Center," marking another milestone in its journey. This prestigious title reflects the high level of technical expertise and innovation that the company has demonstrated, reinforcing its position as a leader in the domestic brake industry. The recognition from national authorities highlights not only its technological achievements but also its commitment to continuous improvement and leadership in the field.
Mr. Gu Yifan, Secretary General of the Brake Committee at the China Automobile Industry Association, stated that Zhejiang Wan'an Technology is one of the leading companies in the development of automotive braking systems in China. As a member of the association, it plays a vital role in driving the overall progress of the industry. He emphasized that companies like Wan'an must continue investing in R&D, developing new technologies, and innovating products to support the sustainable growth of the entire sector.
To earn the title of "National Accredited Enterprise Technology Center," companies must meet strict evaluation criteria, and the number of such centers is limited. These centers are re-evaluated every two years, and those who fail to meet the standards risk losing their status. This ensures that only the most innovative and capable companies maintain the title, encouraging all enterprises to continuously improve their technological capabilities and management practices. For those not yet recognized, this process serves as a strong motivation to catch up and strive for excellence.
Increasing investment in technology research and development and basic experimentation is crucial for Chinese brake companies to narrow the gap with foreign counterparts.
It is undeniable that there remains a gap between China's independent-branded brake products and those from international competitors. Most domestic brake products are used in mid-to-low-end vehicles, with fewer options available for premium passenger cars. One of the reasons for this is the long-standing relationship between joint-venture OEMs and their suppliers, which has limited market opportunities for domestic brands. This has hindered the advancement of technology and the expansion of market share within the industry.
Beyond the lack of investment in product R&D, many Chinese brake companies still lag behind in fundamental research and testing. Conducting more in-depth studies and gathering extensive data through long-term experiments are essential steps that many companies need to take seriously in order to enhance their competitiveness and technical depth.
Phoenix Rising from the Ashes
The global economic crisis, which spread rapidly across the world, has certainly impacted the Chinese auto industry. Everyone has felt its effects, especially in terms of reduced demand and slower production rates. However, despite these challenges, the outlook for China's auto industry remains positive. Overall, China's economy continues to grow steadily, and the general development trend is stable and promising.
While the financial crisis may slow down the pace of economic growth, leading to lower output, sales, and operational efficiency, most companies are well-prepared to weather the storm. By assessing their current situation, addressing internal weaknesses, and improving overall performance, businesses can not only survive the difficult times but also emerge stronger. Only by doing so can they truly experience the moment of rebirth and renewal, symbolizing a true "Fengpan" (phoenix rising) in the industry.
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