Innovation under Homogenous Competition is the Driving Force of Development

The outbreak will accelerate the price of machine tool manufacturing. Price war becomes inevitable, machine tool homogeneity competition will be more intense. In particular, flow products, international first- and second-line brands will also join in, market demand in the short term because of the emergence of the epidemic will have a release of growth, 2 to 3 years of longer term will remain low operation.

And innovation is the trend, but also the driving force of enterprise development. China's annual birth of patents in the world is the first, Chinese innovation is also very strong, coupled with the nature of capital profit-seeking, where there are interests, where will be into the capital, which makes the machine tool manufacturing innovation brought about by the time window period will become shorter, such as three months, six months will not exceed one year at most, so homogenization is an inevitable, lack of incremental can only stock game.

Innovation is always the driving force behind the development of leading enterprises, and the choice of direction of innovation will be challenging, must meet customer needs and meet the goal of future industry development.