China's automobile borrowing power is increasing, and the dream of laying out the world's high-end market is gradually approaching, and the current situation of European and American markets will be expected to be improved due to the obstruction of product emissions.
Yesterday, 400,000 engines of Beijing Foton Cummins Engine Co., Ltd. were formally put into production. This engine, which meets Euro IV emission standards, not only meets the needs of domestic commercial vehicles, but also undertakes the heavy responsibility of exporting overseas.
Zhang Xiaoji, executive vice president of China Federation of Machinery Industry believes that the commissioning of the Euro IV standard engine will accelerate the adjustment of the light truck product structure and the upgrading of China's commercial vehicle industry. At the same time, it will provide a technical reserve for domestic products to cover the global high-end market.
In fact, at present, the export of Chinese automotive products is almost a blank in Europe and the United States. It is understood that due to the lack of domestic low-emission, high-performance light-duty diesel engine products, domestic light trucks and MPVs cannot break through strict environmental protection barriers and stop at the developed countries' markets.
According to industry insiders, the mass production of this engine has not only improved the top domestic power system, but more importantly it has obtained the “pass†for entering the developed country market. The light diesel engines produced by Foton and Cummins in a joint venture can break through the most stringent environmental protection barriers in the world and take the opportunity to deduct the gates of developed markets in Europe, America, Japan and South Korea.
However, some market participants believe that while China’s auto exports are breaking through environmental protection barriers in developed countries, they also face severe challenges in terms of security, services, and other aspects.