Li Yong, Director of Dongfeng Strategic Planning Department, introduced at the forum that the core components that Dongfeng will develop in the future are mainly concentrated on two aspects. First, there are key components and core technology components and parts. Second, in terms of income, it can generate economic benefits for Dongfeng's revenue and produce a better supporting product for selective development. To complete this strategic development goal, we must make detailed arrangements in three aspects.
In terms of the main business, it mainly focuses on the resources of parts and components that must be controlled in the development of the vehicle. The second is such parts with relatively high technical content. Third, high added value. Fourth, in line with national industrial policy-oriented, in addition, these products that can support the company's vehicle to achieve sustainable competitive advantage are the main business direction in the future.
In terms of business planning, the parts of commercial vehicles are in the middle of the world-class commercial vehicle business, achieving the synchronization with the replacement of product parts, and the development of our commercial vehicles. For passenger vehicles, the company will refine, strengthen, and expand the ten business areas related to interior and exterior decoration.
In terms of independent development, priority should be given to the development of core parts and components, with a focus on enhancing systematic research and development and modular supply capabilities. To improve the independent innovation system, we must increase investment in R&D and increase the cultivation of innovative talents.
At the same time, Li Yong emphasized that in the future, Dongfeng must accelerate the structural adjustment of parts and components.
First, adjust the structure of the merchants and focus on ensuring that some of the core components have the advantage of sustained and rapid development and improvement. At the same time, structural adjustments and optimizations are made for some parts that do not have a competitive advantage or that have no prospect for development.
Second, to adjust the product structure, we must vigorously develop core components for high-tech content, high added value, energy conservation and new energy products. Efforts to increase the proportion of core components in all parts and components.
Third, accelerate the adjustment of the market structure and actively explore the market outside the group. In addition, to increase the proportion of overseas operating income of the Group, this adjustment means that Dongfeng should go out and expand the company’s spare parts business to the outside of the Group and the international market.