It was learned from Baosteel Group on April 13 that Chairman Xu Lejiang of Baosteel recently led a team to visit Liuzhou, Guangxi, and signed a strategy with three local auto companies SAIC-GM-Wuling Automotive Co., Ltd., Liuzhou Wuling Automobile Co., Ltd. and Dongfeng Liuzhou Automobile Co., Ltd. Cooperation agreement.
Baosteel stated that according to the strategic cooperation agreement signed this time, the company will form a special research team with three users to jointly promote the trial and batch use of new materials and new technologies in the improvement of models and new models. Carry out joint research on automotive material technology and related process research, create digital supply chains, carry out all-round cooperation, promote the application of Baosteel special steel, stainless steel, and die steel in three companies, and promote cooperation in processing and distribution business.
Baosteel is the leader in the automotive steel market in China. In 2009, the company produced 3.32 million tons of cold-rolled automotive panels, with a domestic market share of 50.1%. The lucrative profits of the auto board market and the continuous increase in demand have attracted a large number of competitors. Currently, regional second-tier mills, including Anyang Steel, are investing in cold rolling projects. In the fierce competition in the industry, although Baosteel has prominent technical advantages, its market share has dropped slightly compared to 50.4% in 2008.
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