欧宝体育

1. Introduction to the Project

1.1 Project background

1.1.1 Product introduction

With the increasing awareness of environmental protection and the rapid development of automobile industry, new energy vehicles, as the key direction of future automobile development, have attracted extensive attention. The transmission system is one of the core technologies of the new energy vehicle, and the transmission shaft, as the core component of the vehicle power transmission, has a decisive influence on the performance of the complete vehicle. Therefore, this project is committed to carrying out feasibility study on new energy vehicle transmission shaft to meet the market demand for new energy vehicle transmission shaft and promote the further development of new energy vehicle industry.

1.1.2 Market prospect

Due to the influence of policy, technology and environmental factors, the new energy vehicle market is showing a trend of rapid development. In view of the wide variety of new energy vehicle transmission parts, and supported by mature industry chain, new energy vehicle manufacturers typically prefer to purchase customized or standardized transmission parts. This approach not only increases efficiency but also reduces overall costs. Therefore, the high-speed growth of the new energy vehicle market has significantly promoted the growth of the demand for transmission parts, and it is expected that the market potential of the transmission parts industry of new energy vehicles will remain substantial in the future.

(1) Current Status of New Energy Vehicle Transmission System Market

The automobile industry, with its characteristics of high industrial relevance, wide scope, strict technological requirements, powerful comprehensiveness, numerous parts quantity and remarkable added value, plays a significant role in promoting the upgrading of industrial structure and the development of relevant industries. According to the statistical analysis of China Association of Automobile Manufacturers, the production and sales volume of automobiles in 2023 both exceeded the threshold of 30 million vehicles, achieving double-digit growth for the whole year. Among them, the passenger vehicle market has shown outstanding performance, with both production and sales achieving rapid growth; the commercial vehicle market has also gradually stabilized and seen a recovered; the new energy vehicle market has maintained a strong development momentum of both production and sales flourishing.

In 2023, the production and sales of passenger vehicles reached 26.124 million units and 26.063 million units, respectively, with year-on-year growth rates of 9.6% and 10.6%. The production and sales of commercial vehicles reached 4.037 million and 4.031 million units respectively, with year-on-year growth rates of 26.8% and 22.1% respectively; the production and sales of new energy vehicles reached 9.587 million and 9.495 million respectively, with year-on-year growth rates of 35.8% and 37.9% respectively.

In terms of product types, the automotive electric transmission system industry can be subdivided into front-wheel drive, all-wheel drive, and rear-wheel drive. From the perspective of end-use applications, the automotive electric transmission system can be applied across various fields such as commercial vehicles and passenger vehicles. This report contains an in-depth analysis of the price, market size, market share and development trend of various products, as well as the scale, market share and demand potential of each application market.

From the macro perspective, China is in the stage of rapid development of industrialization and urbanization. This process is accompanied by the steady growth of resident income, which has effectively stimulated the automobile consumption potential in the second-tier and third-tier cities as well as the vast rural areas. At the same time, the vigorous development of the new energy vehicle market indicates that the concept of green travel is well received by the people and the continuous progress of technology.

Automotive transmission system refers to the system that transmits the power of the engine to the wheels of the vehicle through a series of transmission devices, so as to realize the moving of the vehicle. The system consists of several key components, including the clutch, transmission, drive shaft, main reducer, differential, and half shafts, which work together to ensure that the engine's power is effectively converted into the vehicle's driving force.

(2) Market prospect analysis for new energy vehicle transmission system

As the global automobile industry enters the mature period, the automobile production and sales volume is expected to maintain stable growth on the whole. Meanwhile, many countries began to actively support the development of the new energy vehicle industry and launched a series of supportive policies. Automobile manufacturers have also increased their investment in R&D and production of new energy vehicles, resulting in a rapid growth in the global new energy vehicle market. The popularity of new energy vehicles has promoted the transformation and upgrading of the transmission system industry, and the electric transmission system has gradually become a key growth point of the industry.

Although new energy vehicles have had an impact on the traditional fuel vehicle market, there is still significant market demand for traditional fuel vehicles in certain regions and sectors. Therefore, the market competition for traditional transmission system components remains intense. Consumers' increasing demands for automobile performance, comfort, fuel efficiency, and other aspects have driven continuous technological innovation and product upgrades in the drivetrain industry.

With the rapid development of China's automobile industry and the increasing growth of the supporting parts industry, the technological strength and R&D innovation capability in the field of automotive parts in China have been significantly improved. During this process, not only have a number of large-scale parts companies with independent R&D and design capabilities emerged, but many small-and medium-sized component companies with strong technological expertise and R&D capabilities have also sprung up in niche markets. These enterprises have collectively driven the development of China's automotive parts industry to a higher level.

Looking ahead, the automotive transmission system industry is expected to maintain its rapid development trend. Enterprises need to closely monitor market dynamics and technological trends, strengthen technological innovation, and improve product development capabilities. At the same time, they should actively expand market channels and customer resources to enhance brand influence and market competitiveness. With the combined support of policies and market demand, the automotive transmission system industry is expected to achieve healthier and more sustainable development.

The market demand for transmission systems of new energy vehicles continues to grow, and this trend is mainly driven by a variety of factors.

First, the rapid growth of the new energy vehicle market is the main driving force for the increased demand for transmission systems. With the global emphasis on environmental protection and energy conservation, the sales volume of new energy vehicles is increasing year by year, especially the demand for electric vehicles and hybrid electric vehicles is increasing. According to market research, the global automobile hybrid powertrain market is expected to reach 2.16 billion US dollars by 2029, with a compound annual growth rate (CAGR) of 4.89%. This growth trend reflects the growing demand of consumers for environmental friendly and efficient transportation options.

Second, technological progress and policy support have also contributed to the growth of transmission system demand. Improvements in battery technology, such as energy density, lifespan, and charging speed, have led to improved range and performance of pure electric vehicles. Advances in electric motor technology, such as efficient, quiet and reliable motors, have further strengthened the market competitiveness of pure electric vehicles. In addition, the development trend of intelligence and modularization makes the transmission system more intelligent, convenient and efficient, and meets the demand of consumers for high-tech products.

Finally, there are differences in transmission system requirements for different types of new energy vehicles. Pure electric vehicles mainly rely on batteries and electric motors, while hybrid electric vehicles require a more complex transmission system to coordinate the work of the engine and motor. Permanent magnet synchronous motor (PMSM), due to their high efficiency and energy-saving, environmental friendly features, have become the mainstream choice in the market and are widely used in well-known NEV brands.

In summary, the market demand of new energy vehicle transmission system is jointly driven by market growth, technological progress and policy support, and it is expected that it will continue to grow in the coming years.

1.1.3 Technical analysis

The project is planned to adopt relatively mature technology to reach the industrial production level. Transmission system mainly includes shaft, differential, gear and clutch and other components. The design needs to ensure high efficiency, high reliability, high cost performance and ultimate comfort. The transmission system design includes power generation transmission, direct drive transmission, electric transmission, intermediate transmission, and output differential transmission that shares both electric and mechanical power. The technological challenges of new energy vehicle transmission system include improving transmission efficiency, reducing energy consumption and optimizing power distribution. Through reasonable allocation of resources and improvement of transmission efficiency, the overall performance of the vehicle can be significantly improved.

1.1.4 Advantageous conditions of project construction

(1) Policy advantages

Tax Incentives: For manufacturers of new energy vehicles and their key parts, the government provides tax incentives such as VAT and consumption tax exemptions. This is helpful to reduce the production cost of enterprises and improve the market competitiveness.

Scientific and technological R&D support: The government has set up a special fund to support the research and development of new energy vehicles. By increasing investment, enterprises are encouraged to make independent innovation and promote the high-end and intelligent development of the industry.

Siping City actively implements the provincial “Automobile Industry ‘Step Up’ Project” strategic deployment, focusing on the collaborative development of “Changchun-Siping Integration.” It highlights the industrial foundation advantages in special-purpose vehicles and chassis components, targeting key components, and seizing policy dividends and development opportunities such as the approval of the Southwest of Jilin Industry Transfer Demonstration Zone and the establishment of the Russian Far East Economic Special Zone. These efforts aim to promote the development of the automotive parts industry.

(2) Industrial advantages

The special-purpose vehicle industry in Siping has initially formed a certain scale, with 35 special-purpose vehicle manufacturing enterprises, 1 bus production enterprise, and 7 enterprises with production qualifications. The main products include box trucks, tank trucks, dump trucks, semi-trailers, crane trucks, special vehicles, and large buses. Well-known enterprises such as AVIC, CIMC Group, Tianjin Zhongke Shenyun Automobile Technology Co., Ltd. and French Fermat Group have settled in Siping, forming the advantages of industrial cluster. As the city with the shortest transportation radius for FAW's commercial vehicle plant, Siping can fully utilize FAW's commercial vehicle OEM resource advantages and better undertake the transfer and radiation of the automobile industry from Changchun.

(3) Location advantages

Jilin Lishu Economic Development Zone (North Area) is located at the intersection of Gongzhuling, Shuangliao and Lishu, two cities and one county. It is an important grain production area in Northeast China, an important commercial logistics distribution center in the north of Siping City, and an important node city of “one core and three belts” of Siping City. It has convenient transportation and easy access, which is conducive to logistics and personnel exchanges. In addition, the development zone is equipped with complete infrastructure and good investment environment, attracting many enterprises to invest and develop business.

The development zone is 60 kilometers away from Siping City; 100 kilometers from Changchun, the provincial capital; 10 kilometers from the nearest exit of “Changchun-Shenzhen” Expressway; 20 kilometers away from the nearest exit of “Daqing-Guangzhou” Expressway; it is only an hour's drive from Changchun Longjia Airport. “Yakeshi-Siping” national first-class highway passes through the area; Ji'an-Shuangliao Expressway under construction has four entrances and exits in Lishu County.

(4) Talent advantages

Siping is home to several universities, including Jilin Normal University, Boda College of Jilin Normal University, Jilin Engineering Vocational College, Siping Vocational College, and the newly established Hongzui Vocational Technological College, Jilin University Siping Medical College, and Siping Radio and Television University. Among them, Jilin Normal University is a key university in Jilin Province, with 16,302 full-time undergraduate students, 1,844 graduate students, 336 international students, and 15,131 adult education students. It trains thousands of higher-level professionals for society each year. Surrounding cities such as Changchun, Harbin, and Daqing are home to many universities, collectively offering more than 500,000 higher-level talents annually. These talents can provide technological support for project construction.

1.2 Contents and scale of project construction

The project covers an area of 35,000 square meters, with the construction of research and development center, factory building, office building, etc. Annual processing capacity of 30,000 sets of new energy vehicle transmission system project.

1.3. Total investment of the project and capital raising

The total investment of the project is 400 million yuan, including construction investment of 280 million yuan

1.4 Financial analysis and social evaluation

1.4.1 Main financial indexes

After the project reaches the production capacity, its annual sales income will be 242 million yuan, its profit will be 72.72 million yuan, its investment payback period will be 6.5 years (after the tax, including the construction period of 1 year) and its investment profit rate will be 18%.

Note: “10 thousand yuan” in the table is in RMB.

1.4.2 Social evaluation

The social benefits of producing new energy vehicle transmission system are mainly reflected in the following aspects:

Environmental Protection: The use of new energy vehicle transmission system helps to reduce air pollution and greenhouse gas emission, and improve air quality and environmental health. Compared with the traditional fuel vehicle, the carbon emission and PM2.5 emission of the new energy vehicle are greatly reduced, while also lowering noise pollution, contributing to an improved quality of life for urban residents.

Energy security: The promotion and use of new energy vehicle transmission system can reduce dependence on petroleum, alleviate the pressure of national energy imports, and contribute to national energy security.

Technological innovation and employment: The research, development, and production of new energy vehicle (NEV) transmission system require a large number of technological workers and engineers. This creates new job opportunities in the labor market, driving the growth of related industries and promoting technological innovation.

Promotion of public awareness of environmental protection: The market demand of new energy vehicles promotes the recognition and pursuit of innovation, science and technology and environmental protection in the whole society, thereby raising public awareness of environmental protection and improving technological literacy.

Urban traffic improvement: The use of new energy vehicles is expected to address urban traffic congestion and parking difficulties, making commuting and daily life more convenient for residents.

1.5 Cooperative way

Sole proprietorship, joint venture and cooperation, etc.

1.6 What to be invested by the foreign party

Funds and other ways can be negotiated face to face.

1.7 Construction site of the project

Jilin Lishu Economic Development Zone

1.8 Progress of the project

Project proposal has been prepared

2. Introduction to the Partner

2.1 Unit basic information

Name: Jilin Lishu Economic Development Zone

Address: East Section of Fenghua Street, Lishu Town

2.2 Unit overview

On August 29, 2023, Jilin Provincial People's Government approved the integration of Jilin Liaohe Agricultural Reclamation Management Zone and Jilin Lishu Economic Development Zone. The new name after the integration is the Jilin Lishu Economic Development Zone, and the Jilin Liaohe Agricultural Reclamation Management Area has been removed from the development zone management list. The integrated development zone has five areas, with a total planning area of 14.2865 square kilometers. According to the existing resources and the orientation of the county, the development zone determines that the leading industry is the deep processing industry of agricultural products, focusing on the development of “4+1” industry, i. e. four industrial chains of corn (green rice), beef cattle, pigs and broiler chickens, along with the establishment of modern green vegetable industry bases. At the same time, efforts are being made to attract investments in industries such as pharmaceuticals and health, modern services, plastic and packaging, leisure agriculture, and machinery manufacturing. Currently, there are more than 800 enterprises in the zone, with enterprises above the designated level accounting for more than half of the whole county.

2.3 Contact method

Contact method of the project unit:

Contact unit: Jilin Lishu Economic Development Zone

Contact Person: Wang Liye

Tel: +86-434-3059912  +86-13304355166

Email: 219512406@qq.com

Contact method of the city (prefecture) where the project is located:

Contact unit: Siping City Economic Cooperation Bureau

Contact Person: Wen Dacheng

Tel: +86-434-3260536

Email: spjhjjhk@163.com