The group is expected to maintain rapid growth in China
The group is expected to maintain rapid growth in China
While China's economy has softened this year, the company's lighting and electronics in China have been growing rapidly. Hella group is expected to maintain rapid growth in China The company has five lighting equipment factory in China and three electronic components factory, more than 5000 employees, among them 6 research center employs more than 700 engineers. Frank Petznick is hella electronics, vice President of China, and electronics division of the hella group members of the board of directors, and last month he was hella operations and prospects in the Chinese market to accept the "plastic news" sister publication "automotive news" interview. How is hela lighting and the electronics division operating in China? In recent years, the two divisions remained very strong growth momentum, last year, we in China sales reached 5.5 billion yuan, up 23% from a year earlier, accounting for 15% of the hella global business. The lighting and electronics division account for about half of the turnover. What are the main customers of hela electronics in China? Volkswagen and gm are our two major customers, and Japanese auto companies, BMW and Daimler are also important customers. Our cooperation with China's independent brand car companies is growing rapidly, and they account for about 20% of our total business in China. Does hela export from China? We only export electronic parts from China. Currently, 74 percent of electronic components are sold in China and the rest is exported. The main export areas are Asia, Europe and the United States. Because some of our global clients include gm and other businesses around the world. In addition, German car companies want us to supply some parts for their products globally from Shanghai. What about the latest development of a Chinese injection molding supplier that announced in September that it had suddenly stopped supplying the lighting plant at hella? This incident is now over, it was an emergency, it was a little bit of an impact at the time, but we adjusted the supply chain to avoid events that would have a long-term impact on us. After the incident, we used the backup supplier to supply the customer, and did not result in the result of the production line shutdown. This year Philip sold the car lighting business to Chinese investors. Does hela plan to sell the lighting business? No. Hela started as a lighting components company, and even now many people still associate hella with lighting. Over the years, our electronic business unit has grown rapidly. From a global perspective, we have a similar revenue from the lighting business. Both business units are from hela, and we will not sell any business units. In fact, for sea la, electronics and lighting division combined advantage more, because the headlamps and taillights began to use more LED display, more lighting parts converted to electronic components. Our electronic business department provides a strong support for the lighting business. China's car sales have slowed this year, and will hella's business suffer as a result? China's car market is indeed slowing down, but I think our current growth is healthy and vigorous, and market competition is increasing. Companies are trying to differentiate themselves by offering new technologies. We have recently launched radar and electronic steering technologies, and I believe that in the next few years we will grow more than the market as a whole by launching new products and other initiatives. In the next few years, what new configurations of electronics and lighting could be in the car? Car capacity will allow us to provide unable to realize the function of before, we can combine the radar and infrared cameras and electronic sensor signal, to generate images, help the driver to identify the surrounding environment. The combination of the headlights also allows the driver to use LED beams to beam light or graphics to the street, or selectively to light up obstacles or dangerous objects. I believe that these configurations will appear in the market for years to come.
