SAIC Group's ZF Automated Production Technology Confirmed

On February 17, 2016, President of the SAIC Group Chen Zhixin and Director of the CEO Office Gao Weiping went to ZF to investigate. The company's party and government leaders and heads of business departments at the headquarters participated in the report.

SAIC Group's ZF Automated Production Technology Confirmed

President Chen Zhixin listened to the company's operating conditions and inspected ZF's electric steering product production site, affirming the company's progress in automated production technology in recent years. In his speech, President Chen pointed out that the overall development of Shanghai ZF Corporation is healthy and sustainable, which is also the result of the unity, cooperation and hard work of the company's vast Chinese and foreign cadres. President Chen analyzed the current domestic macroeconomic situation and the trend of the automotive market in 2016. He called for a foothold in the current situation to grasp the actual business start, seize the opportunity to complete the business objectives of the whole year, and reduce the cost of structure and the cost of procurement to improve The company has laid a good foundation for the quality and efficiency of the new business quotes. It is also necessary to take a long-term perspective and grasp the requirements of the Board of Directors for positioning the company's development strategy. In the new stage of corporate transformation, innovation and development, he asked the company's management to combine SAIC's overall planning objectives and strategic thinking to refine the “13th Five-Year” development plan. The sector comprehensively decomposes and formulates specific implementation measures, accelerates learning and growth, and strives to build a localized low-cost electric steering technology R&D center, forming a competitive advantage that the joint venture has a reasonable complementarity and differentiation in the low-end and high-end structural divisions. In order to be prepared for safety in a timely manner, the company firmly grasps the impact of automotive emission standards on the demand for electric power steering products, seizes opportunities to expand its own brand market and strategic target projects, and forms a higher target market share.

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