Core Viewpoint - Meili Technology aims to become one of the top three spring manufacturers globally, emphasizing a long-term focus on its core business of spring manufacturing [2][3]. Group 1: Company Background and Development - Meili Technology has evolved from a small workshop in Shaoxing to a publicly listed company, becoming the first listed company in China's spring industry in 2017 [3][4]. - The company has maintained double-digit revenue growth from 2017 to 2024, establishing itself as a primary supplier for major automotive brands such as Geely, BYD, BMW, and Volkswagen [4]. Group 2: Strategic Acquisitions - The company has made several strategic acquisitions to enhance its manufacturing capabilities and technology, including the acquisition of Shanghai Kegong in 2018 and Korean companies in 2021 [5]. - A recent significant acquisition involves the cash purchase of Dutch Hitched Holdings, which will allow Meili Technology to expand into high-end electric trailer hitches and towing systems, complementing its existing product lines [6]. Group 3: Innovation and Future Plans - Meili Technology is investing 650 million yuan to establish a project for smart suspension and electric/hydraulic drive components, aiming to innovate in the automotive sector [6]. - The company has formed a specialized team for robotics, focusing on the application of springs in humanoid robots, and has established business relationships with several leading robotics companies [7][8]. Group 4: Intellectual Property and Standards - As of mid-2025, Meili Technology holds 111 patents and has been involved in setting various national and industry standards, showcasing its commitment to innovation and quality control [8].

长江商报消息 ●长江商报记者 张璐 汽车零部件厂商德尔股份（300473.SZ）的同业并购事项迎来新进展。 12月17日，德尔股份发布重磅公告，公司发行股份购买资产并募集配套资金事项获得中国证券监督管理 委员会同意批复，标志着这场总额2.7亿元的重组爱卓智能科技（上海）有限公司（以下简称"爱卓科 技"）的交易正式落地。 本次交易同步募集不超过8270万元配套资金，将用于标的公司智能化改扩建、研发中心建设及支付交易 税费，而交易对方承诺标的公司2025年—2027年扣非净利润累计不低于8442.39万元。 值得关注的是，作为技术驱动型企业，德尔股份近五年研发费用累计已达8.88亿元，持续高强度的研发 投入为本次并购后的技术协同与产品升级筑牢基础。 业内表示，此次交易不仅是德尔股份拓展新能源业务版图的关键布局，更是其顺应汽车产业电动化转型 趋势的重要举措，为公司业绩增长注入全新动力。 收购爱卓科技100%股权 长江商报记者注意到，公告中，交易对方上海德迩承诺，爱卓科技2025年度、2026年度和2027年度扣非 净利润分别不低于2339.75万元、2700.86万元、3401.78万元，三年扣非净利润累计不低于8 ...

德国波鸿汽车研究院近日发布2026年全球乘用车市场预测报告说，中国在全球汽车市场的重要性进一步 提升，汽车行业的未来在于与中国合作。 《人民日报海外版》（2025年12月18日 第 05 版） 责编：卢思宇、姚凯红 展望2026年，报告预测全球乘用车销量将超过8340万辆，增长2.6%；亚洲乘用车销量将增长约3.8%， 中国产销量在全球的占比也将进一步提升。 报告指出，亚洲是全球汽车市场产销量增长的重要引擎，而欧洲市场份额呈下滑趋势。2025年，全球超 六成乘用车产自亚洲，欧洲仅占约15%。报告预测，2026年，受产业竞争加剧和美国关税政策影响，德 国乃至整个欧洲占全球乘用车产量的份额将进一步下降。 杜登赫费尔表示，亚洲是全球汽车行业的主导力量，中国更是在汽车产业中占据重要地位。2026年，中 国将继续巩固其全球最大汽车市场、最大汽车生产国和出口国的地位。 （据新华社电 记者单玮怡） "不在中国市场，就无法真正进入汽车行业。"报告作者、德国汽车经济学专家、波鸿汽车研究院院长费 迪南德·杜登赫费尔表示，中国市场和完备供应链带来的规模经济效益递增，以及中国在动力电池、新 能源汽车、自动驾驶技术等前沿技术领域快速发 ...

展望2026年，报告预测全球乘用车销量将超过8340万辆，增长2.6%；亚洲乘用车销量将增长约 3.8%，中国产销量在全球的占比也将进一步提升。 报告显示，2025年全球乘用车市场销量将突破8130万辆，为8年来最高水平。2025年全球前15大汽 车市场中，中国、美国、印度、土耳其等国的乘用车销量将实现4%以上增长；而欧洲主要汽车市场表 现将低于预期，其中德国市场销量仅增长0.7%，法国和意大利汽车销量分别下滑4.8%和2.6%。 新华社法兰克福12月16日电（记者单玮怡）德国波鸿汽车研究院15日发布2026年全球乘用车市场预 测报告说，中国在全球汽车市场的重要性进一步提升，汽车行业的未来在于与中国合作。 "不在中国市场，就无法真正进入汽车行业。"报告作者、德国汽车经济学专家、波鸿汽车研究院院 长费迪南德·杜登赫费尔表示，中国市场和完备供应链带来的规模经济效益递增，以及中国在动力电 池、新能源汽车、自动驾驶技术等前沿技术领域快速发展创新，成为推动全球汽车产业电动化、智能化 转型的关键动力。 杜登赫费尔表示，亚洲是全球汽车行业的主导力量，中国更是在汽车产业中占据重要地位。2026 年，中国将继续巩固其全球最大汽 ...

报告作者，德国汽车经济学专家、波鸿汽车研究院院长费迪南德·杜登赫费尔（Ferdinand Dudenhoeffer) 表示，2025年全球乘用车市场销量将突破8130万辆，达到八年来的最高水平，较2024年增长3.9%。 杜登赫费尔表示，亚洲是全球汽车行业的主导力量，中国更是在汽车产业中占据着不可撼动的地位。 2026年中国将继续巩固其作为全球最大汽车市场、最大汽车生产国和最大汽车出口国的地位。 德国波鸿汽车研究院15日发布的2026年全球乘用车市场预测报告显示，以中国为代表的亚洲国家将在 2026年引领全球汽车市场产量与销量的增长。 报告说，2025年，在全球前15大汽车市场中，中国、美国、印度、土耳其等国的乘用车销量均实现了 4%以上的增长，而欧洲汽车重点市场表现低于预期，其中德国市场销量增长0.7%，法国和意大利汽车 销量同比分别下滑4.8%和2.6%。 展望2026年，报告认为全球乘用车销量增速预计为2.2%，达到8340万辆。亚洲的乘用车销量增速为 3.8%，同时中国产量和销量的全球占比将进一步提升。 报告指出，亚洲在乘用车产量方面也保持领先。2025年全球超过六成的乘用车产自亚洲，欧洲生产的乘 用 ...

报告指出，亚洲在乘用车产量方面也保持领先。2025年全球超过六成的乘用车产自亚洲，欧洲生产的乘 用车仅占全球总产量的约15%。2026年，由于汽车产业竞争加剧和美国关税影响，部分汽车制造商将生 产转移至美国，德国乃至整个欧洲占全球乘用车产量的份额将进一步下降。 杜登赫费尔表示，亚洲是全球汽车行业的主导力量，中国更是在汽车产业中占据着不可撼动的地位。 2026年中国将继续巩固其作为全球最大汽车市场、最大汽车生产国和最大汽车出口国的地位。 "汽车行业的未来在于与中国合作。（若企业）不在中国市场，就无法真正进入汽车行业。"杜登赫费尔 说，中国市场和完备供应链带来的规模经济效益递增，同时中国引领汽车技术的发展，其中动力电池、 新能源车、自动驾驶技术、智能座舱和汽车软件等前沿技术领域快速发展革新，成为推动全球汽车产业 向电动化、智能化转型的关键动力。 （文章来源：新华财经） 新华财经法兰克福12月16日电（记者单玮怡）德国波鸿汽车研究院15日发布的2026年全球乘用车市场预 测报告显示，以中国为代表的亚洲国家将在2026年引领全球汽车市场产量与销量的增长。 报告作者，德国汽车经济学专家、波鸿汽车研究院院长费迪南德·杜登 ...

Core Insights - The automotive stabilizer bar is a crucial component of the suspension system, enhancing vehicle stability and control during turns [3][4] - The market for automotive stabilizer bars in China is projected to grow from 2.985 billion yuan in 2020 to 3.549 billion yuan in 2024, with an expected increase to 3.696 billion yuan by 2025 [1][8] - Government policies supporting the automotive industry, particularly in the promotion of new energy vehicles, are driving demand for stabilizer bars [4][7] Industry Overview - The automotive stabilizer bar, also known as an anti-roll bar, is made of spring steel and is designed to reduce body roll during cornering, thereby improving driving safety and handling [3][4] - The stabilizer bar's installation prevents excessive lateral tilt of the vehicle body, which is essential for maintaining comfort and stability [1][8] Market Dynamics - The automotive stabilizer bar market is influenced by the demand from the automotive sector, with production costs affected by fluctuations in raw materials such as steel and aluminum [6][7] - The market is characterized by a mix of domestic and international players, with local companies like Huawai Technology leveraging cost advantages and international firms like Bosch and Dana holding significant shares in the high-end market [9] Competitive Landscape - Key players in the automotive stabilizer bar industry include Huawai Technology, Zhongding Holdings, and several other manufacturers specializing in automotive components [2][10] - Huawai Technology reported a revenue of 804 million yuan from suspension system components in the first half of 2025, marking a year-on-year increase of 36.46% [10] - Zhongding Holdings achieved a revenue of 14.555 billion yuan in the first nine months of 2025, with a net profit of 1.307 billion yuan, reflecting a year-on-year growth of 24.26% [10][11] Development Trends - The industry is moving towards lightweight materials such as aluminum and magnesium alloys to enhance fuel efficiency and reduce vehicle weight [11] - Smart technologies are being integrated into stabilizer bars, allowing for dynamic adjustments based on driving conditions, which enhances performance and safety [11] - Environmental considerations are prompting the industry to adopt recyclable materials and eco-friendly manufacturing processes [11]

Overview - The automotive trim industry is evolving towards electrification and intelligence, with increasing consumer demands for driving experiences, making trim components essential for defining vehicle personality, brand differentiation, and user experience [1][8] - The market size for passenger car trim in China is projected to reach 395.6 billion yuan in 2024, representing a year-on-year growth of 6.29%, with exterior trim accounting for approximately 66.48% and interior trim for about 33.52% [1][8] Industry Barriers - The automotive trim industry is capital-intensive, with significant initial investments required for production equipment, modern facilities, and mold development, creating high entry barriers [4] - Suppliers face cash flow pressures due to long payment terms from automakers, necessitating substantial working capital to maintain inventory and meet strict supplier evaluation criteria [4] Market Policies - The Chinese government has implemented various policies to support the automotive parts industry, including initiatives for high-quality development and waste recycling, creating a favorable environment for the automotive trim sector [6] Industry Chain - The upstream of the automotive trim industry includes materials like plastics, metals, and textiles, while the midstream consists of trim production companies, and the downstream primarily serves automotive manufacturers and the aftermarket [6][7] Current Development - The automotive trim sector is experiencing growth driven by the overall increase in vehicle production and sales in China, with a notable rise in demand for lightweight trim components due to the growth of the electric vehicle market [7][8] Competitive Landscape - The industry features a diverse range of participants, including OEM-controlled enterprises, foreign/ joint ventures, and independent suppliers, with a fragmented market structure due to the variety of trim products and functions [10] - Key players include Huayu Automotive Systems, which reported a revenue of 84.68 billion yuan in the first half of 2025, with trim business contributing 72.7% of total revenue [10][11] - Another significant player, Changchun Fawer Automotive Parts, generated 9.301 billion yuan in revenue in the first half of 2025, with interior trim accounting for 54.68% of its total revenue [11] Future Trends - The shift towards lightweight materials such as carbon fiber and high-strength plastics is expected to accelerate in the automotive trim industry, driven by the need for improved vehicle efficiency and compliance with stricter environmental regulations [12]

Core Viewpoint - Jinbei Automotive is focusing on enhancing its operational performance and financial stability while actively participating in the evolving automotive industry, particularly in electric, intelligent, and low-carbon technologies [1][3]. Financial Performance - For the first three quarters of 2025, Jinbei Automotive achieved a revenue of 3.319 billion yuan, with a total profit of 335 million yuan; the third quarter alone saw a revenue of 1.187 billion yuan, representing a year-on-year growth of 0.92% and a quarter-on-quarter increase of 16.37% [1]. - The net profit attributable to shareholders in the third quarter was 77 million yuan, showing a significant quarter-on-quarter growth of 195% [1]. - As of the end of the third quarter, the company's equity attributable to shareholders reached 1.575 billion yuan, a 12.93% increase from the end of the previous year, and cash funds increased to 1.951 billion yuan, up 31.6% from the beginning of the year [1]. Business Operations - Jinbei Automotive's main business includes the design, production, and sale of automotive parts, with key products such as interior components, seats, and rubber parts, primarily serving clients like Brilliance BMW [1]. - The company is actively participating in the establishment of an investment fund, contributing 240 million yuan, which accounts for 30% of the total fund size of 800 million yuan, aimed at seizing opportunities in the automotive industry [2][3]. Strategic Initiatives - The company aims to leverage its participation in the investment fund to enhance its core competitiveness and strengthen relationships with strategic partners like BMW [3]. - Jinbei Automotive has successfully entered the core supply chain for autonomous logistics vehicles through its subsidiary, Shenyang Baoju Automotive Transmission Systems Co., Ltd., which has established itself as a key supplier for leading companies in the sector [3][4]. - The sales revenue from the vehicle bridge products for autonomous logistics vehicles is projected to be approximately 17 million yuan in 2025, indicating progress in market expansion within this niche [4].

Core Insights - The 9th China-Germany Automotive Conference was held in Changchun, focusing on building a resilient and vibrant industrial ecosystem amid explosive growth in the automotive industry towards electrification and intelligence [1][3] - Audi and China FAW are set to begin production at a new smart factory in Changchun by the end of 2024, marking Audi's first production base in China based on the PPE luxury electric platform [3] - The conference has facilitated the signing of 52 projects and the implementation of over 20 projects in areas such as power batteries, intelligent networking, and components, showcasing the broad prospects for cooperation between China and Germany [3] Industry Developments - Audi aims to deepen its innovation layout in China, integrating local innovations with its brand DNA to establish a new benchmark for China-Germany cooperation [3] - China FAW is accelerating research and development in new energy and intelligent technologies, looking forward to deeper collaboration with German partners in cutting-edge fields to promote sustainable development in the global automotive industry chain [3] - The China-Germany automotive industry is transitioning from market and capacity cooperation to technological collaboration, with significant potential in innovation research and supply chain co-construction [3] Events and Engagements - The conference included a bilateral investment cooperation project matchmaking session and an exchange meeting on opportunities for the Chinese automotive industry to go global, where industry professionals from both countries engaged in in-depth discussions on building an industrial chain ecosystem [3]