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Li Dakai, Chairman and General Manager of Shaanxi Fast Automotive Transmission Group Co., Ltd., who enjoys the fruits of independent innovation, told reporters: “By the end of this year, we will launch our own automatic transmission.â€
After experiencing the failure of a joint venture with a multinational company in 2003, the Fast Group’s pace of independent research and development has grown even larger. Li Dakai is even more proud of this: “Our production and sales volume of our heavy-duty vehicle transmission has been ranked first in the world for three consecutive years. We have more than 40 patents, and some of our key innovations and key technologies have reached the international level. The level not only breaks down the intellectual property barriers created by multinational corporations, but also forms a competitive advantage for scale development."
"Strive to achieve listing within three years"
Li Dakai said: “The Fast Group must strive to achieve overall listing.†There are two main reasons for this: First, the SASAC and the local governments all hope that the Fast Group will continue to grow bigger and stronger, so we have a responsibility to make our listing bigger. The plates will attract more funds to enable the Group to launch more new projects and introduce more new products to meet the development needs of the Chinese automobile industry. At the same time, we also hope that through the listing, we will further convert the mechanism to make the Group's share capital more diversified. The diversified capital structure will enable the Fast Group to operate more healthily.
Li Dakai believes that: We not only hope that Shaanxi Fast Gear Co., Ltd., a joint venture between Weichai Power and Weichai Power, will be well developed, but also hope that Shaanxi Fast Group will get more rapid development. Shaanxi Fast Group has recently Several years of hard work have now become larger and larger entities. Apart from Shaanxi Fast Gear Co., Ltd., which has cooperated with Wei Chai Power, and other subsidiaries within the group, these have all set the overall listing for the Group. Good foundation.
“We still dare not give up independent innovationâ€
Li Dakai was very frank with reporters: "Fortunately, we haven't stopped our own research and development since the 1990s. In 2003, after we established a joint venture with foreign companies, we did not give up independent innovation. Today, the market share has exceeded. 80%, we still dare not give up independent innovation."
While the domestic and international market share keeps rising, at the same time as the helm of the Shaanxi Fast Group, Li Dakai has always kept a clear head: Fast Group's technological level in the field of mechanical transmission has been comparable to multinational companies. However, we still have a big gap in terms of automatic transmissions. Over the past few years, we have been dedicated to the autonomous R&D of automatic transmissions and plan to launch our own AMT products before the end of this year. The name of our company comes from the English "fast". Its moral meaning is to develop quickly, reliably and firmly. The National Institute of Automotive Transmission Engineering, which has invested 600 million in the Fast Group, is stepping up construction and the main project has been completed. More than 40 laboratories will be built here, and a large number of scientific and technological talents have been reserved.
"Foreign companies will not give you the core technology
Li Dakai believes that many companies will proudly say after the joint venture that we have a joint venture. We have absorbed it. We have the money and we have abandoned independent innovation. Through our practice, we believe that if there is no independent innovation, it will be difficult for companies to achieve healthy development. No matter whether they are joint ventures with China or cooperation, no one is not optimistic about China's huge market space. They will never send you high-tech white. The same is true of multinational corporations that had joint ventures with us. We don't hand over the core technology to you. As a result, the joint venture has lost money every year for three years and we have no choice but to shut down.
Li Dakai's point of view is very clear: Even joint ventures cannot give up independent research and development. After a joint venture with one of the largest passenger car factories in China, it completely relied on foreign companies and gave up its own research and development. As a result, Yutong Bus and Jinlong Bus got up... Now the name of the bus company cannot be found in the top ten industries. Therefore, do not easily think that climbing a multinational company and climbing to one of the world's top 500 can relax yourself, and that will only delay the fighter. Therefore, enterprises must have their own core technologies to develop, and such core technologies must be based on independent innovation.
"The imported product will only survive for a period of time."
Talking about joint ventures and cooperation with multinational companies in these years, Li Dakai has more emotion: More than 20 years ago, we introduced their products, but the introduction alone is not a long-term solution. We have not ceased independent innovation. Up to now, our products have grown to dozens of series and hundreds of varieties. Not only have we achieved great results at home, but also achieved great results abroad. In the past few years, the joint venture between us and the foreign party was forced to close due to poor management. We took back the joint venture's factory, went to our own production line, was already producing our products, and it worked well.
Although the joint venture failed, Li Dakai still performed very generously: it did not affect our cooperation with the original joint venture partner, and our cooperation was still in a very good period. Now we provide them with a large number of products each year. Li Dakai believes that an enterprise can survive a stage by introducing a product, and it can also achieve certain development by relying on a certain national policy. However, if it wants to continue to grow stronger, it must base itself on independent innovation and establish an innovative mechanism. Innovative culture. Only in this way can we lay a solid foundation for the development of the company.
"We must continue to be a small locomotive in the auto parts industry."
Li Da began to firmly believe that in order to seek development in the process of change, it is necessary to constantly improve the technology, performance, and quality of its products, as well as cost-effectiveness, after-sales service, and so on. The reason why Fast's products are widely recognized by users both at home and abroad is because we have done these aspects.
The future position of the leading group led by Li Dakai to Shaanxi Fast Group is: To become an internationally competitive component enterprise group. To this end, enterprises must strive to complete the "four transformations", that is, from the "technology transformation to R & D type, manufacturing type to sales service type, single traditional type to multiplex type, regional type to international type". Products include not only heavy-duty transmissions, medium and light truck transmissions, but also passenger car transmissions, not just transmissions, power take-offs, but also other components. Fast will continue to be a "small engine in the auto parts industry." .
"We will never blindly expand"
Li Dakai believes that the financial crisis has caused great changes in the domestic and foreign automobile patterns, and the industry has been reshuffled. The blind expansion has caused some companies to make painful lessons. There have been, there are, and will continue to exist in the future.
Leading a company in a remote mountainous area in Shaanxi Province and once bearing 500 million in debt out of the woods and created many of China’s largest and world No. 1 Li Dakai. Now he is very cautious about bank loans. At present, Fast’s debt ratio is only 20 Up and down, it is in a healthy development track. Li Dakai said: We are not willing to blindly invest at the expense of increasing the debt-to-asset ratio when the time is not ripe.
Regarding whether or not the current international auto industry structure has undergone major changes and actively participated in the mergers and acquisitions of the industry, Li Dakai cautiously stated that some foreign companies have recommended some projects for us, and we are also observing the goal of meeting the long-term plan of our group, but we We will not rush to decide, but we must look for opportunities and do not expand blindly, whether domestically or abroad.
View related topics: Fast: Heavy-duty transmission production and sales in the world
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