欧宝体育

1. Introduction to the Project

1.1 Project background

1.1.1 Product introduction

With the rapid development of the automotive industry, the market demand for automotive transmission shafts, as one of the core components, continues to rise. At present, the domestic automotive transmission shaft market shows a diversified development trend. Not only the demand for transmission shafts from traditional automobile manufacturers continues to grow, but also the vigorous development of the new energy vehicle market has injected new vitality into the transmission shaft industry. In the field of technology, the design and manufacturing technology of transmission shafts continues to innovate, and lightweight, high-strength and high-reliability transmission shaft products are increasingly sought after by the market. At the same time, with the continuous strengthening of environmental protection regulations, the environmental protection performance of the transmission shafts has also become the focus of enterprise research and development. Under such a market background, 500000-set/year automotive transmission shafts project of Changchun City emerges, the main product of the project is carbon fiber automotive transmission shaft, aiming to meet the market demand for high-quality transmission shaft products, while promoting the upgrading of the regional automotive parts industry and the prosperity of the regional economy.

1.1.2 Market prospect

(1) Current situation of automotive transmission shaft market

As a key component for transmitting power in the automotive transmission system, the main function of the transmission shaft is to work with the gearbox and drive axle to effectively transmit the power of the engine to the wheels, so as to give the automobile the power to move forward.

At present, the transmission shaft industry is in a critical period of technological innovation and product upgrading. With the rapid development of the automotive industry, the market demand for transmission shafts continues to expand. Transmission shaft manufacturers are focusing on developing lighter, stronger, and more durable materials and designs to improve the performance and efficiency of transmission shafts. At the same time, with the increasing popularity of electric and hybrid vehicles, the demand for transmission shaft technology is also constantly evolving to meet the challenges of higher speeds and torque.

The transmission shaft market is mainly distributed in North America, Europe, and the Asia-Pacific regions. The North American region is an important part of the global transmission shaft market, benefiting from the booming local automotive industry. In the Chinese market, the transmission shaft industry also shows a positive growth trend. With the rapid progress of China's automotive industry, the market demand for transmission shafts continues to expand. Domestic enterprises continue to increase their research and development investment, improve product performance and quality, and gradually enhance their competitiveness in the international market. In addition, many small and medium-sized transmission shaft manufacturers in the Chinese market meet the diverse needs of customers by providing customized products and services.

In 2023, China's automotive production and sales volume both exceeded 30 million for the first time, setting a new historical high. According to statistics, China's automotive production reached 30.161 million and sales reached 30.094 million in 2023, with year-on-year growth of 11.6% and 12% respectively. According to the China Association of Automobile Manufacturers, the total sales of automobiles reached approximately 31 million in 2024, with a year-on-year growth of over 3%.

In such a market environment, the transmission shaft industry, as an indispensable part of the automotive industry chain, has also shown a strong growth trend in market demand. With the increase in automotive production and sales, the demand for transmission shafts has increased accordingly, especially the demand for high-performance transmission shafts is more urgent. This demand is not only reflected in traditional fuel vehicles, but also in the demand for transmission shafts for new energy vehicles, especially electric vehicles and hybrid vehicles. These models have put forward higher requirements for the lightweight, high efficiency and high torque carrying capacity of the transmission shaft. As a result, transmission shaft manufacturers must continue to innovate in technology to adapt to market changes and demands.

At the technical level, the transmission shaft industry is undergoing a transformation from traditional materials to lightweight and high-strength materials, such as aluminum alloy, carbon fiber and other composite materials, which are increasingly widely used. At the same time, the design of the transmission shaft is constantly optimized to reduce energy loss and improve transmission efficiency. In addition, with the progress of intelligent manufacturing technology, the production process of the transmission shaft is moving towards automation and intelligence, which not only improves the production efficiency, but also ensures the stability of product quality.

In summary, the prosperity of the Chinese automotive market has brought huge market opportunities to the transmission shaft industry. However, this also requires transmission shaft manufacturers to keep up with the pace of technological development and constantly innovate to meet the growing market demand for high-performance transmission shafts.

(2) Prospect forecast of automotive transmission shaft market

The global automotive transmission shaft market size has grown from 17.24 billion US dollars in 2023 to 18.34 billion US dollars in 2024, with a compound annual growth rate of 6.4%. This growth is driven by various factors, including an increase in demand for automobiles, compliance with government regulations and safety standards, changes in consumer preferences, fluctuations in fuel prices, and the popularity of shared mobility services.

With the growth of the global automotive transmission shaft market, technological innovation and product upgrading have become the key factors driving the development of the industry. Manufacturers are developing lighter and more durable transmission shafts to meet the needs of new energy vehicles and autonomous driving technology. In addition, with the global emphasis on environmental protection and energy conservation and emission reduction, the energy efficiency and environmental protection performance of the transmission shaft have also become the focus of market attention. It is expected that in the next few years, with the continuous growth of technological progress and market demand, the transmission shaft industry will usher in more development opportunities.

With the rapid growth of the new energy vehicle market, the transmission shaft industry has also ushered in new development opportunities. New energy vehicles have put forward higher requirements for the efficiency and reliability of the transmission system, which prompts transmission shaft manufacturers to carry out technological innovation to adapt to this change. It is expected that in the next few years, with the advancement of technology and the strengthening of environmental protection regulations, transmission shaft products will develop in the direction of lightweight, high-strength, and high-precision. In addition, with the global automotive manufacturers' demand for supply chain optimization and cost control, the trend of localized production of transmission shafts will become more obvious, which will provide more market opportunities for transmission shaft manufacturers. As a result, the transmission shaft market is expected to maintain steady growth in the coming years, especially in emerging markets such as China, where the demand for transmission shafts is expected to increase further as the automotive industry continues to grow.

In the future, with the continuous development of China's economy and society, the continuous improvement of residents' consumption level, the acceleration of the urbanization process, and the strong support of the country for new technologies such as new energy vehicles and intelligent connected vehicles, China's automotive market will maintain a stable growth trend, which will create a stable and strong demand for the transmission components industry.

The project is not only in line with the national industrial policies, but also relies on the industrial advantages and location advantages of Changchun Nong'an Economic Development Zone, which can effectively integrate resources and improve production efficiency. After the completion of the project, it will provide high-quality transmission shaft products for domestic and foreign automobile manufacturers to meet the growing market demand for high-performance transmission systems. At the same time, the implementation of the project will further promote local employment, drive the development of related industrial chains, and have a positive impact on the regional economy.

1.1.3 Technical analysis

The project plans to adopt international advanced machining technology, and most of the process equipment can be purchased domestically. The infrastructure around the construction site is complete, the transportation is convenient, and the resource conditions required for production are relatively complete.

1.1.4 Advantageous conditions of project construction

(1) Policy advantages

The Jilin Provincial Government actively promotes the development of the automotive industry, implements the "step up" project, emphasizes green and low-carbon, intelligent connecting, independent innovation and open cooperation, and makes every effort to promote the "six returns" of supporting, production capacity, production scheduling, settlement, talent and innovation, strengthens the support of major landmark projects, and accelerates the construction of a new ecology of the automotive industry integrating new energy, intelligent connected vehicles and key parts manufacturing.

Strong support and preferential policies from the Changchun Municipal Government. In order to support the development of the automotive parts industry, the Changchun Municipal Government has set up a special project team to optimize the approval process and speed up the project progress.

The large service system of Nong'an Economic Development Zone. It always adheres to the work concept of " pro-business, valuing business, supporting business, protecting business and promoting business", after the integration of district and town institutions, a new management system of "one institution, two brands, and district and town integration" has been established, and "four offices and five bureaus" have been set up to provide "all-weather, whole-process, and all-round" one-stop service for settled enterprises; the children of enterprise employees enjoy the same treatment as urban residents in enrollment and medical treatment; modern finance and other productive services in the town are fully covered; industrial land is abundant, the listing price is reasonable, the labor force is abundant and cheap, and the cost advantage is particularly obvious.

(2) Industrial advantages

Changchun has a complete automotive industry system. As a national pilot city for the battery swap mode of new energy vehicles and a pilot city for the application of "vehicle-road-cloud integration" of intelligent connected vehicles, Changchun has a strong foundation for the automotive industry. At present there are Hongqi, Jiefang, Bestune, Volkswagen, Toyota and other vehicle companies, as well as Audi new energy vehicle plants under construction, the scale of the parts industry is nearly 160 billion yuan. In addition, Changchun also has 6 major automobile manufacturers and 7 major automobile brands, and nearly half of the world's top 100 automotive parts companies have settled in Changchun.

Changchun City's rapid development in the field of new energy vehicles. Changchun City actively promote automotive parts enterprises to new energy vehicle transformation, forming a power battery production base represented by FAW-FINDREAMS New Energy Technology Co., Ltd., and forming a synergistic effect with Hongqi, Audi and other brands, building a "golden triangle" area of the new energy vehicle industry chain. In addition, Changchun City has also been successfully selected as one of the first batch of pilot cities for the application of "vehicle-road-cloud integration" for intelligent connected vehicles in China, which has further promoted the innovation and development of the automotive parts industry.

‌There are 569 enterprises settled in the park of Nong'an Economic Development Zone, including a large number of Fortune 500, domestic top 500, industry strong enterprises and well-known private enterprises, such as Want Want, Foxconn, Xiuzheng, Huaneng Thermal Power, CNR, Lu Tong Rail Vehicle, Huazheng Animal Husbandry, etc. The development zone has formed an industrial cluster and agglomeration pattern dominated by the processing of transportation equipment parts, safe food and agricultural and sideline products, with automotive parts and biomedicine as advantages, and biomass energy and light industry as the emerging development.

(3) Location advantages

‌Nong'an Economic Development Zone is located at an important node of Harbin-Changchun urban agglomeration, the core area of Changchun's half-hour economic circle, and the main passage from south to north. The development zone borders Changchun New District in the east, Kuancheng District and Lvyuan District in the south, Kaixuan Road and Qingnian Road extend to the township, and four bus lines in the city lead to the town. In addition, it is 680 kilometers away from Dalian Port, 58 kilometers from Longjia International Airport, and 20 kilometers from Changchun Land Dry Port. G12, G302, S106, Changchun-Baicheng Railway and other transportation arteries run through the territory, forming a three-dimensional transportation system surrounded by highways, expressways and rail transit.

(4) Talent advantages

Changchun City is a well-known high-intelligence intensive area in China. More than a dozen key universities such as Jilin University, Northeast Normal University and Changchun University of Science and Technology are located in Changchun City. Moreover, it has the Changchun Branch of Chinese Academy of Sciences, Changchun Institute of Optics, Fine Mechanics and Physics, Changchun Institute of Applied Chemistry and other national and provincial (ministerial) scientific research institutions, as well as design institutes, computing and testing centers and a number of national key open laboratories in Changchun. Changchun City has sufficient human resources and price advantages. Jilin University, Northeast Normal University, Changchun University of Traditional Chinese Medicine, Changchun Institute of Optics, Fine Mechanics and Physics, Changchun Institute of Applied Chemistry and other universities and scientific research institutions can provide senior management personnel and technicians for the implementation of the project.

1.2 Contents and scale of project construction

The project covers an area of 50000 square meters, including a net land area of 28000 square meters and a construction area of 40000 square meters. Product production workshops, comprehensive warehouses, comprehensive office buildings, fire water reservoirs and other supporting facilities are mainly built. The construction scale is determined to produce 500000-set/year carbon fiber transmission shafts.

1.3. Total investment of the project and capital raising

The total investment of the project is 200 million yuan, including the construction investment of 150 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 149 million yuan, its profit will be 45 million yuan, its investment payback period will be 6 years (after the tax, including the construction period of 1 year) and its investment profit rate will be 22.2%.

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

1.4.2 Social evaluation

Promote employment: the construction of the automotive transmission shaft project will directly create a large number of employment opportunities, including production, management, technology, sales and other positions, thereby alleviating employment pressure and promoting social stability.

Drive the development of related industries: the production of automotive transmission shafts requires raw material supply, logistics and transportation, after-sales service and other links, which will drive the development of related industries, form an industrial chain effect, and further promote economic growth.

Enhance the regional economic level: the construction of the automotive transmission shaft project will improve the level of industrial infrastructure and supporting facilities in the region, attract more investment and high-quality enterprises to settle in, thereby enhancing the regional economic level.

‌Improve the technical level and innovation ability: through the implementation of the project, enterprises can introduce advanced technology and management experience, improve their own technical level and innovation ability, and promote the overall progress of the industry.

1.5 Cooperative way

Sole proprietorship, joint venture or cooperation.

1.6 What to be invested by the foreign party

Funds and other ways can be interviewed.

1.7 Construction site of the project

Nong'an Economic Development Zone

1.8 Progress of the project

The project proposal has been prepared

2. Introduction to the Partner

2.1 Basic information of the unit

Name: Changchun Nong'an Economic Development Zone

Address: 100 meters east of the intersection of Hexing Road and Helong Street, Kuancheng District, Changchun City

2.2 Unit Overview

Changchun Nong'an Economic Development Zone Management Committee is located in Helong Town, Nong'an County, Changchun City, Jilin Province. Changchun Nong'an Economic Development Zone was established in 1992 and promoted to a provincial economic development zone in 2003; in September 2013, it implemented the system reform of "integration of zone and town" with Helong Town; in February 2016, the provincial-level Shaoguo Industrial Park and the municipal-level Kai'an Industrial Concentration Zone were incorporated into the development zone for unified management; in July 2021, it was integrated with the provincial-level Nong'an Industrial Concentration Zone, which was at the deputy division level. The total planning area of the integrated development zone is 53.7 square kilometers, which is composed of the industrial park in the core area, the new building materials and home furnishing park, the agricultural product processing park, and the cooperation park with the automobile development zone. In recent years, the development zone has closely focused on the automotive industry, carried out precise investment promotion in the upstream and downstream industrial chains, fully implemented preferential policies in the automotive industry, and gradually developed and expanded the automotive parts industry. At present, the development zone has 61 automotive parts enterprises, including 10 above designated size and 51 under designated size, with an output value of about 2.05 billion yuan in 2022. In particular, there is a cooperation park with the automobile development zone, which mainly undertakes the supporting industries of automobiles and buses. The cooperation park is 15 kilometers away from urban area of Changchun, 28 kilometers away from FAW NBD headquarters. The planned area of the park is 9.8 square kilometers, the built-up area is 5 square kilometers, and there are 101 settled enterprises, including more than 20 automotive parts enterprises such as Tianhao Automobile, FAWSN TBK, Jiasen Rail, and Xinnuoda Transportation.

2.3 Contact method

Contact unit: Nong'an County Economic Cooperation Promotion Center

Contact address: Xinghua Road, Nong'an Town, Nong'an County, Jilin Province

Tel: +86-431-89936018

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

Contact unit: Changchun Cooperation and Exchange Office

Contact person: Zhang Junjie

Tel: +86-15704317930

Fax: +86-431-82700590

E-mail: xmc82763933@163.com