Wei Boke Liu Liang: Commercial vehicle product upgrades have to do

After the opening of the Six Sigma Lean Production Base in Jinan, WABCO , the world leader in commercial automotive electronic braking, stability, suspension and variable speed control technology and Tier 1 suppliers, has launched AMT with Fast .

With the launch of two heavyweight events this year, Liu Boyang, Vice President of WABCO Group and President of the Asia Pacific Region, said in an exclusive interview: “We think the potential of the Chinese market is great.”

In 2011, WABCO plans to increase its capital investment. In their view, "as long as the Chinese market continues to develop, WABCO will continue to invest in providing Chinese customers with quality products and after-sales services."

Reporter: In 2010, the production and sales volume of commercial vehicles in China increased significantly year-on-year. WABCO should be deeply impressed because its share in the Chinese market is rising year by year. With the year-on-year growth in sales and sales volume, did you judge the trend of China's commercial vehicle market in 2011?

Liu Liang: For the automotive market this year, we believe that there will be no further increase compared to last year. Although there are great benefits, such as urbanization, and the driving forces of infrastructure development, many manufacturers have actually been overestimating this year's expectations last year. In November and December, all major OEMs are preparing for the Great Leap Forward this year. A group of cars was released, so in March and April this year, there was no jump in previous years. With the increase in the national reserve interest rate, there is obviously no money at the terminal. These have caused the situation this year, and we also expect that the total sales of commercial vehicles this year will not be higher in the past year.

Reporter: Many multinational component manufacturers and WABCO are optimistic about China's big cake in this market. They not only stare at commercial vehicles, they are still developing passenger vehicles. Will WABCO have the same measures?

Liu Liang: In fact, commercial vehicles are far from finished articles for us. Even if the capacity of the car is not changed, our business can be turned 2 to 3 times in this capacity. This is the value of cycling we are talking about, now The value of our bicycles is about one-tenth to one-fifth that of China compared to Europe, so it should be said that this space is huge.

The same is true of WABCO's strategic positioning. We do have several particularly competitive products. Our customers also particularly recognize our technology, such as the small diesel engine direct-injection gasoline engine pump business, which is the growth point of the car industry. It was put into production in Qingdao. By 2015, the vacuum pump capacity in Qingdao will reach 2.5 million to 3 million a year, so the volume is very large.

Reporter: WABCO's heavy-duty AMT products that were recently built with Fast have been fully put on the market. The debate between AMT and AT is a hot spot in recent years. Which perspective do you think is broader in China?

Liu Liang: There is no question of who replaces AMT and AT. The two can coexist, because the models they use are different. If you really look at the application in commercial vehicles, the loading rate of AMT is far greater. At AT, AMT can bring significant savings, which is also the user's most direct experience. In China, India and other emerging markets, the introduction of modular AMT is based on the existing gearbox, adding a set of electronic control systems, and AT is actually a concept of a new platform, and the AT transmission itself is also a high cost At AMT.

There will always be an acceptance process for new things. In China, if it is difficult to reach a certain number of loading rates in the next year or two, we believe that in the long run, this can be for customers, both from fuel economy and driving. The technologies that can bring benefits in terms of safety and operation comfort will eventually be widely recognized by the market, so the market potential is very large.

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