Vehicle Purchase Watch
In 2021, under the influence of many adverse factors, such as chip shortage, high raw material price and repeated epidemic, China’s automobile industry beat all difficulties. It not only ranked first in the world for 13 consecutive years with the total production and sales of 26.082 million and 26.275 million units.The year-on-year growth rate of 3.4 percent and 3.8 percent also ended the three-year decline in production and sales since 2018.Passenger vehicles, especially new energy passenger vehicles, are an important position to promote China’s overall auto production and sales growth in 2021.We should know that sales volume is not simply the presentation of terminal data, but also derived from earth-shaking changes in the industrial chain.In the production and manufacturing process of automobile products, from large to the body, hub, chassis, to small to bumper, pedal, luggage rack, these parts need to adopt all kinds of processing technology and equipment from rough processing to vehicle assembly.Based on the deepening requirements for automotive lightweight at the present stage, relevant equipment manufacturers also ushered in new development opportunities.”Global sales of our injection molding machine products grew by around 30% year-on-year in the whole of 2021, the best year in history, largely due to the rapid growth of the new energy vehicle market.Based on this, the automotive business has increased its performance revenue to 18 to 20 percent of the company’s total revenue.”Mr. Zhang Tao, deputy General manager of Guangdong Yizumi Precision Machinery Co.,Ltd. (hereinafter referred to as: Yizumi) and General manager of injection molding Machine Business Division emphasized that “based on the rapid development of the future new energy vehicle market, the development of injection molding machine industry will be more worthy of expectation.”At present, under the “3060” double carbon target, low-carbon development has become the core topic of the entire automobile industry. Various automobile enterprises and component enterprises try their best to reduce the weight of the body to reduce fuel consumption without affecting the performance and safety.Especially since the outbreak of the new energy vehicle market, the major new energy vehicle manufacturers are through every possible way to increase the range, and vehicle lightweight is one of the important means to increase the range.According to the sample survey results of Chinese passenger cars, the fuel consumption can be reduced by 7.5%-9% when the weight of passenger cars is reduced by 10%.For every 10 per cent reduction in vehicle weight, the range of an electric car increases by 5.5 per cent.Based on this trend, the New Energy Vehicle Industry Development Plan (2021-2035) and Energy Saving and New Energy Vehicle Technology Roadmap 2.0 both put forward clear development planning requirements for vehicle lightweight in China.Among them, with the characteristics of light weight, high strength, good toughness, easy processing, reusable plastic, is considered by many experts to be one of the most ideal alternative materials for automotive lightweight and environmental protection, the future of automotive materials is transforming from metal to plastic direction, a plasticized automobile era is coming.For small electric vehicle, the combination of small light metal solid frame body structure and non-metallic material covering parts will be the future technology development direction.As the largest production of plastic processing machinery at the present stage, the most used plastic injection molding machine (hereinafter referred to as injection molding machine) is ushered in a new development opportunity with the upsurge of energy saving and emission reduction, new energy vehicles.Take Yimi, the leading enterprise in China’s molding equipment industry, for example, its main business is the design, research and development, production, sales and service of injection molding machine, die casting machine, rubber machine, high-speed packaging system and mold, robot automation system.In the past year, the operating revenue of Ezhimi is estimated to be about 3.53 billion yuan, up about 29.7% year on year.Net profit attributable to shareholders of listed companies is expected to be 509-532 million yuan, up 62.0% to 69.3 percent year-on-year.As Explained by Mr. Zhang Tao above, such brilliant performance is largely due to the rapid development of the new energy vehicle market, but he does not think it is a simple “ride the wave”.He pointed out that in the context of carbon neutrality, the adoption of cleaner energy and reduced energy consumption will be the future trend of cars, and the corresponding application of new energy, lightweight parts and environmental degradable materials will also increase.But at the same time, for the plastic machinery industry also need to be more energy saving, higher yield and need to produce more efficient products, but also need to pay attention to environmental protection and degradable material molding technology.This means that upstream material equipment manufacturers must be one step ahead if they want to keep up.Based on this understanding, Yizhi for many years, for the automotive industry, in the product end layout and development of the horizontal rotary multi-material injection molding machine, vertical rotary injection molding machine, lamp special machine and other products;In terms of new technologies and processes, we have developed PU injection molding process, physical foaming and chemical foaming and other lightweight technologies, and long glass fiber online mixing and enhancement technologies.Accelerate the rhythm of r & D layout to promote development, aiming at competing with international head enterprises “I think the era of injection molding machine monopolized by foreign enterprises has passed.When asked about the current situation of the development of China’s injection molding machine industry, Mr. Zhang Tao is so blunt.Note that injection molding machines are used in the automotive industry to manufacture complex and critical parts, including internal and external decorative components, electrical and electronic components, and application components under engine hatches.At the same time, China’s manufacturing industry started late, technology hollowing and lack of talent reserve and a series of development difficulties, not only affected the automobile industry, injection molding machine is the same.However, it is worth affirming that after years of rapid development, China has become the world’s largest injection molding machine market and production base, China’s injection molding machine import and export trade has maintained a surplus for many consecutive years.And according to the data of GrandViewResearch, in 2025, the global market size of injection molding machine will reach 22.323 billion usd, with a compound growth rate of 4.7%, among which China has about 3.71 billion usd market, Germany has about 2.23 billion usd market, and China’s global market share will reach 16.6%.All of the above confirms a conclusion that belongs to the era of Chinese injection molding machine is coming.In this context, it is the ultimate goal of every player in the industry to narrow the gap with the international advanced technology as far as possible and become the leader from the industry follower.