Delphi, an auto parts supplier that has undergone bankruptcy protection and restructuring, has demonstrated to the world the rebirth of the Phoenix Nirvana. The new Delphi is more powerful and more competitive. Its 2010 performance is remarkable. Not only the European and American markets, but also the growth in the Asia Pacific market is very strong. On the financial side, cash flow is $4 billion and there is no debt. Delphi has performed well in the Chinese market. So far, Delphi China has received more than 30 awards from industry and customers.
Mr. Ai Bobin, president of Delphi Asia Pacific and president of Delphi Connector Systems, said that in 2010, Delphi has reduced its business scale, but its product lines are more concentrated and more competitive. The technology mainly revolves around environmental protection, green, and China Unicom. In the Asia Pacific market, Delphi’s profitability in 2010 was also very good. As a first-class component supplier, Delphi has received the title of “best supplier†and “excellent supplier†from many OEMs or OEMs. So far, Delphi China has obtained more than 30 industries and customers. Awards. Mr. Aibo Bin is very confident about Delphi's business throughout the Asia-Pacific region. It is expected that in the near future, the Asia-Pacific region's business can account for one-third of global sales revenue.
In terms of R&D, Delphi China R&D team successfully launched a low-cost smart parking system in 2010. Many new products have also been introduced in the high-voltage wire harness electrical system for hybrid powertrains.
In terms of performance, Delphi’s business in the Asia-Pacific region is approximately US$3 billion. This US$3 billion single refers to the operating income earned in the Asia-Pacific market, excluding Delphi’s sales to Delphi’s business units in other regions. If that part is included, it is probably 5 billion US dollars. In China, Delphi's sales in 2010 were nearly $2 billion. Currently, Delphi's Asia Pacific region's global sales account for approximately 15% to 17%. It is expected that the turnover from 2015 to 2017 will account for one-third of the world's total.
It can be seen that China is a very important market for the Asia Pacific region and even the global strategy. It is understood that Delphi mainly provides four product lines in the aftermarket in China and is also Delphi’s core product line, which is automotive electronics, heat exchange systems, and automotive chassis. Systems, products and services. In the future, Delphi will continue to increase its efforts in the Chinese market. Mr. Situ Yulin, President of Delphi's Products and Services Solutions Division in Asia Pacific and Vice President of Delphi China, told reporters: “One of Delphi’s very important strategies in the Asia-Pacific region is to expand the automotive aftermarket business. This strategy is also implemented in China. And in the Chinese market, we will continue to increase Delphi's share in the aftermarket."
It is understood that Delphi's strategy in the global aftermarket is mainly composed of three components. The first is the regional expansion. The second is the continuous expansion and growth of sales channels to cultivate Delphi's local customers. The third is a very important point. That is, Delphi will continue to provide new products. With the support of all customers in the Asia Pacific region, Delphi has now successfully delivered its products to approximately 22 countries and regions in the Asia Pacific region.
Mr. Aibo Bin also stated that “China's economy continues to be strong and Delphi has great confidence in the growth of the Chinese auto market. We believe that the Chinese auto market will continue to grow at a double-digit rate in 2011. Delphi has a very rich product line. Each business unit has a leading market share in the Chinese market. I believe that all business units in 2011 will continue to maintain the momentum of development in the Chinese market."
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