According to the reporter, Jingxi Group has three factories and two R&D centers in Europe, including one factory and one R&D center in Poland. Just three months ago, Jingxi Group secured a European order worth 1.6 billion yuan, with the 1-Box product developed and produced by the Chinese team locally.

This is a microcosm of how Chinese automotive parts companies are actively expanding into overseas markets. Data shows that in 2022, China's export value of automotive parts was $95.688 billion, and from January to August this year, the figure stood at $58.563 billion.

Zhou Weidong, president of the China Council for the Promotion of International Trade's Machinery Industry Sub-council, stated that the internationalization of parts companies is equally significant for the automotive industry. On one hand, the domestic market has entered a saturated phase, and companies need new growth opportunities, making overseas market expansion an inevitable choice. On the other hand, the global automotive supply chain is being restructured, which helps domestic companies enter the procurement chains of multinational corporations.

Selling Automotive Parts to Europe and the United States

In August, Jingxi Group won orders for 1-Box and 2-Box electro-hydraulic braking systems from a well-known European automaker, with a total value of 1.6 billion yuan. This marks the first time in Jingxi Group's history, dating back to the Delphi era over a century ago, that its braking products have entered the European market.

"The main product of this European order is the 1-Box electro-hydraulic braking system, which was developed by our Chinese technical team locally in China," said Wu Jian, senior engineering manager at Jingxi Group and project leader. He noted that the advantage of the 1-Box system is the elimination of traditional hydraulic systems, significantly reducing its size and making it more compact.

Wu Jian stated that the development cycle for the 1-Box product is two years, and it will first be implemented in China in the first quarter of next year, with global promotion starting in 2025. The European orders are also scheduled for mass production and delivery in 2025. "All components, software and hardware development, safety verification, and manufacturing for this product are carried out in China."

Meanwhile, the electronic stability control system (ESC) developed domestically by Jingxi Group has been installed in new mass-produced models of mainstream North American automakers since the third quarter of this year, marking the successful return of domestic braking products to the mainstream North American automotive market.

In the past, European and American automakers often preferred suppliers from their own regions for core technologies such as braking systems. Why are they now adopting products developed locally in China?

Zheng Jieliang attributes this to three factors: First, Jingxi Group is a century-old company with a long history of technical(technical accumulation). Second, the company's 2-Box product has already been used in the world's fastest electric hypercars, and the 1-Box product is based on many verified methodologies from the 2-Box product. Third, Jingxi Group has already collaborated with the automaker client on suspension systems in Europe, paving the way for securing the electro-hydraulic braking system order.

In addition to traditional automotive parts, "Made in China" power batteries are also highly sought after in Europe and the United States. In October, after securing approximately 90GWh of the 160GWh order tendered by BMW at the beginning of the year,(Fengchao Energy) continued to make progress. Stellantis, the world's fourth-largest automaker, will increase its purchase of PACK battery modules from Fengchao Energy, with a total scale of nearly 5.48GWh, to accelerate the implementation of its electrification strategy.