Machinery Industry News

Shandong Heavy Industries signs strategic cooperation framework agreement with China Railway Construction China Heavy Automobile, Weichai special car overseas delivery

On May 29, 2020, at 9 a.m., Shandong heavy industry group and China Railway Construction strategic cooperation framework agreement signing ceremony was held in Beijing. Chen Endeavour, party secretary and chairman of China Railway Construction Party Committee, and Tan Xuguang, party secretary and chairman of Shandong Heavy Industries Group, attended. According to the agreement, the two sides will establish a comprehensive strategic partnership in the fields of engineering construction and equipment procurement, international business, high-end equipment and industrial park construction, new energy, capital cooperation, technical services and personnel cooperation. Under the witness of the leaders of the two sides, China Heavy Automobile and Yuchai special vehicles held the delivery ceremony of overseas engineering construction projects and the delivery ceremony of overseas mining projects with the 19th Bureau of China Civil and Railway Construction, respectively.

Jianghuai Automobile and Volkswagen Sign Letter of Intent on Deepening Cooperation on Electric Vehicles

On May 29, 2020, Volkswagen Group's China business and electricization strategy opened a new chapter. Volkswagen will invest 1 billion euros to acquire a 50% stake in Anhui Jianghuai Automobile Group Holdings Co., Ltd., the parent company of Anhui Jianghuai Automobile Group Co., Ltd., while increasing its stake in the electric vehicle joint venture Jianghuai Volkswagen to 75%, gaining the management of the joint venture and transforming the management model of the enterprise.

Domestic industrial robot monthly output growth rate of nearly 2 years high Import replacement hope speed up

According to the latest data from the National Bureau of Statistics, in April 2020, the monthly output of domestic industrial robots increased by 26.6% YoY, increasing by 13.7 ppt compared with March, a new high in nearly two years; The cumulative year-on-year growth rate of capital expenditure in the first four months of 3C industry has shifted to 1.1%, with the improvement most obvious. From the micro-enterprise research feedback, a leading injection molding machine company injection molding machine production capacity has been scheduled to July, a leading laser enterprisein in the hand full of orders. From the level of localization, the overall localization rate of industrial automation industry in 2019 is about 36%, still belongs to China's manufacturing industry "weak link." CICC believes that the short-term import substitution is expected to boost the attention of leading industry companies;

China's welding robot market size and demand scale are expanding

According to PAISI statistics, the size of China's welding robot market will reach 9.8 billion yuan in 2017, up 15.3% year-on-year. In 2018, china's welding robot market size exceeded 11.3 billion. Taking into account the future and the flat growth rate of the automotive industry, the market size of China's welding robot market is expected to remain flat, with the market size expected to reach 14.7 billion yuan by 2020.