World steel giants optimistic about the development prospects of China's auto industry

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Although the Chinese auto industry has undergone a structural adjustment after the “blowout” market, the world’s largest steel giant Arcelor’s joint venture with Baosteel Group and Shanghai Volkswagen Company is still in the process of putting into production a state-of-the-art laser tailored welded sheet production line. . At the launching ceremony on the 9th, relevant sources stated that the development prospect of the Chinese auto industry is one of the main reasons why the world’s steel giants implement the “China Strategy”.
Shanghai Baosteel Arcelor Laser Welding Welding Co., Ltd., which was put into operation this time, is located in Jiading, Shanghai. The first phase investment was 267 million yuan, of which two companies under Baosteel Group accounted for 38% of shares, and Arcelor company held 25% of the shares. In addition, 37% of the shares are owned by the joint development company of Shanghai Volkswagen. At present, the joint venture's annual design output is 2.6 million pieces, and the final annual production scale of 10 million pieces will be formed.
According to experts, laser welding products can increase strength and safety, reduce body weight, reduce the number of parts, and optimize processes. Currently, they are widely used by automobile manufacturers in the world. The first-phase project of the joint venture company that was put into operation completed a blanking line and two laser welding lines to provide different types of laser tailor-welded plates, such as equal thickness, thick thickness, straight line, broken line, and curved line, to FAW, SAIC, etc. Main automotive manufacturers supply.
Earlier, Arcelor has partnered with Japan's Nippon Steel Corporation, another world steel giant, in a joint venture with Shanghai Baosteel Group to build a cold-rolled steel plant with an annual output of 1.7 million tons of high-quality automobile plates. Its goal is also to target China's huge cars. Industry development space. The head of Japan's Nippon Steel Corporation once stated that the rapid development of the Chinese auto industry will be long-term, and the demand for high-grade automotive panels will continue to rise.
Ai Baojun, general manager of Baosteel Co., Ltd., said that the Chinese automotive industry has a strong momentum of development. Even if there are structural ups and downs, the overall growth momentum is irreversible, and the demand structure for automotive steel will continue to be optimized. Ai Baojun believes that most of the world's most representative car manufacturers of different styles and technologies have almost all invested and set up factories in China. The diversified development of the Chinese automobile industry has made the domestic automotive plate supply chain "must have The most extensive adaptability."
Baosteel selected different partners in Europe and Asia to build the automotive plate supply chain. Its intention is to adapt to the development characteristics of the Chinese automobile industry. According to industry estimates, China's steel used in vehicle manufacturing will reach 8 million tons by 2005, and will exceed 11 million tons by 2010.