Industry News
Localization of High-end Stamping Die Extending Demand
Posted: 03/09/2016 16:42:30  Hits: 115
In recent years, the quantity of auto stamping die manufacturers in China is constantly growing, as well as the capacity. However, most of manufacturers are small enterprises in industry, having limitation to investments on equipment and research. The main products are low-end stamping die products having lower technical content, which cause relative saturation of supply on low-end auto stamping die market and competition is also more drastic. Self-support ratio on high-end auto stamping die in China is still low, only about 60%. The localization on high-end market is accelerating. For example, autonomous enterprises such as Cherry, Great Wall and Brilliance Automobile has transferred the whole molds used for auto development from import to domestic procurement, and joint venture enterprises such as Volkswagen and General Motor also have already begun to transfer high-end auto stamping die to domestic procurement. Localization of high-end auto stamping die will extend market demand of auto stamping die in China further.
 
It is reported that some of Chinese leading auto stamping die manufacturers improve their mold products to a higher level through importing advanced production equipment and technologies from abroad, enhancing R&D on technologies and innovation of manufacturing technique, which realizes the design and manufacturing of auto stamping die used for C-class auto. They compete with international manufacturers in all aspects on segment market of high-end auto stamping die, promoting import substitution to develop rapidly. The localization of high-end mold is accelerated further.
 
Localization of High-end Stamping Die Extending Demand