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Group Subsidiary
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2017-08-18
Global automobile production is expected to exceed 100 million vehicles in 2021
IHS全球视野名下的汽车行业研究机构IHSAutomotive周四公布的一份报告指出，全球汽车行业将会在未来七年时间中有爆炸性增长，预计到2021年时候的年产量会突破1亿辆，其中中国将占据这一增幅的一半。 IHSAutomotive的报告指出，随着整个行业从全球经济衰退的影响中复苏，到2021年的时候，全球汽车年产量会相比目前增加2100万辆，至1.06亿辆。全球汽车产量预测主管马克-福尔索普（M
2017-08-18
Analysis of China's Automotive Industry Market Overview in 2013
According to the China Association of Automobile Manufacturers, from January to November, the total production and sales volume of automobiles nationwide reached 19.99 million and 19.86 million units respectively, representing year-on-year growth of 14.3% and 13.5%. The growth rate increased by 9.8 and 9.5 percentage points compared to the same period last year. In November alone, production and sales reached 2.13 million and 2.04 million units respectively, with growth rates of 21.2% and 14.1%. The market share of Chinese brand passenger vehicles has declined slightly. From January to November, a total of 6.46 million Chinese brand passenger vehicles were sold, an increase of 11.5%, accounting for 40% of total passenger vehicle sales, a year-on-year decrease of 1.3 percentage points. 1.6 liters
2017-08-18
The Ministry of Industry and Information Technology plans to revise the automotive industry policy
Industrial policies play a significant role in guiding the automotive industry. One of our tasks this year is to revise the automotive industry development policy. Regarding the issue of joint venture equity ratios, we will carefully study it with enterprises and ultimately reach a conclusion. This was stated by Lu Xi, Deputy Director-General of the Department of Industrial Policy at the Ministry of Industry and Information Technology, at a closed-door meeting of the 2014 China Automotive Forum. The "Automotive Industry Industrial Policy" promulgated and implemented 20 years ago clearly stipulates that China's automotive industry follows a 50:50 equity ratio for domestic and foreign parties in joint ventures. The policy that foreign investment cannot exceed 50% has been regarded as a red line for establishing complete vehicle joint ventures in China. With...
2017-08-18
Focus shifts to China: Multinational auto parts companies expand into western regions
For four consecutive years, China has been the world's largest automotive market and continues to expand. For multinational parts companies, better understanding the needs of local consumers requires continuously upgrading localization efforts, gradually shifting production, procurement, and R&D centers to China to gain more market share. As the importance of the Chinese regional market continues to grow, some large multinational companies have undergone high-level structural reorganizations to match. In August of this year, Continental, a German automotive parts supplier, announced that its global executive board member, Dr. Karsten Rolf, assumed the role of President of the China region. The President of the China region reports directly to the Group's board of directors.
2017-08-18
Overview and Development Trend Analysis of the Automotive Parts Industry
I. Industry Overview The auto parts industry, as an upstream industry of the automobile manufacturing industry, is the foundation of the development of the automobile industry. Its upstream industries are mainly steel, petroleum, non-ferrous metals, natural rubber, fabrics and other materials industries, and its downstream industries are mainly vehicle assembly and maintenance service industries. The development of the auto parts industry mainly depends on the development of the downstream vehicle market and service and maintenance market. In recent years, with the rapid development of the vehicle consumer market and service and maintenance market, China's auto parts industry has developed rapidly, and its development trend is good, constantly transforming and upgrading, and shifting towards specialization. According to the China Association of Automobile Manufacturers
2017-08-18
Auto parts exports saw steady growth in the first half of this year.
National customs statistics on automobile imports and exports show that in the first half of 2014, the value of imported automobiles was US\$480.10 billion, a year-on-year increase of 28.28%; the value of exported automobiles was US\$400.23 billion, a year-on-year increase of 7.33%. Among them, imports of auto parts reached US\$177.26 billion, a year-on-year increase of 14.81%, an increase of 11.68 percentage points compared to the same period last year; cumulative exports of auto parts reached US\$309.13 billion, a year-on-year increase of 9.78%, a slight increase compared to the same period last year. Data shows that the trade surplus of auto parts reached US\$131.87 billion, but automobiles
2017-08-18
Auto parts enter the e-commerce era, with online transactions showing advantages
Currently, e-commerce is taking up an increasingly large proportion of corporate marketing. As a newcomer to the internet, e-commerce is quietly changing the landscape of various industries and gradually becoming a new favorite of the times. In fact, internet thinking for us is a sense of participation. At the World Internet Conference a few days ago, Lu Wei, secretary-general of the China Internet Association, said: "In the current process of economic restructuring and transformation and upgrading, the cross-border integration of the internet industry and traditional industries and the continuous innovation of technology applications are bringing unlimited opportunities for building a strong industrial nation, boosting the economy, and promoting innovation and entrepreneurship. At the same time, the internet will also become a leader in consumption and expansion.
2017-08-18
According to data recently released by LMC Automotive, global light vehicle sales in May totaled approximately 7.447 million units, a year-on-year increase of 4.8%. Both China and the United States saw year-on-year growth exceeding 11%, leading the surge for two consecutive months. The growth rate accelerated. In May 2014, global light vehicle sales totaled 7,446,803 units, a 4.8% increase compared to 7,105,067 units in May of the previous year. This increase is significantly higher than the 3.3% growth in April. From January to May, a total of 36,464,615 light vehicles were sold globally, while the same period last year
2017-08-18
On the afternoon of October 20, 2015, Academician He You of the Chinese Academy of Engineering, accompanied by leaders including Han Shijun, Deputy Secretary of the Municipal Party Committee and Mayor, and Wen Fu'en, Director of the Municipal Bureau of Science and Technology, visited our company for guidance. Chairperson Zhang Haiyan cordially met with Academician He You and his entourage, and accompanied them on a tour of the company's production site, exhibition hall, and a discussion session. During the visit, Chairperson Zhang gave a detailed introduction to Academician He You about the company's production and operation status and future development plans. After listening to Chairperson Zhang's introduction, Academician He You gave full affirmation and high praise to the company's rapid development and achievements. Mayor Han Shijun encouraged our company during the discussion.
2017-08-18
My company was awarded the honorary title of "2015 Annual Labor Security Integrity Grade A Unit"
Recently, we learned from the company's Human Resources Department that Shandong Longji Machinery Co., Ltd. and Longkou Longji Brake Hub Co., Ltd., both subsidiaries of our group, have both won the honorary title of "2015 Labor Security Integrity Grade A Unit" in the enterprise labor security integrity grade evaluation activity jointly carried out by the Municipal Human Resources and Social Security Bureau, the Legal Affairs Office, and the General Trade Union. This honor is the highest honor in the enterprise labor security integrity grade evaluation, which is both an affirmation of our company's standardized labor employment and labor security management work, and an encouragement and spur to our company's future work. In the future, the company will continue to adhere to the business tenet of "honesty and trustworthiness", and earnestly implement various...
2017-08-18
To further protect the health and safety of employees, enhance market competitiveness, comprehensively improve the company's public image and brand image, and improve the company's overall business management level. The company has decided to fully implement environmental and occupational health and safety management system certification within the enterprise to obtain a "pass" for participating in international competition and cooperation. From November 16 to 18, 2011, a three-person team from Shandong Shitong Quality Certification Co., Ltd. conducted a certification audit of the company's environmental and occupational health and safety system, auditing all departments, office areas, and product production covered by the system.
2017-08-18
From November 1st to 3rd, Longi Group traveled to Las Vegas, USA to participate in the world's largest auto parts and after-sales service exhibition. At the exhibition, our products won the favor of many international customers. As a world-renowned professional exhibition, this exhibition brought together a large number of auto parts users and after-sales service providers from North America, Central America, South America, Europe, and the Middle East. The exhibition highlighted the most cutting-edge technologies and products in the auto parts market, and is the highest-level and most effective exhibition in the North American auto parts industry. Our company has been participating in the exhibition since 1998, and all the booths in this session were designed by a US design team.
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Address: Longkou Economic Development Zone, Shandong Province, China