Auto parts stocks generally declined today. As of press release, Nexteer (01316) fell 5.12% to HK$3.52; BOE Precision (00710) fell 4.95% to HK$5.19; Minshi Group (00425) fell 1.87% to HK$13.68; and Zhejiang Shibao (01057) fell 1.44% to HK$2.05.
The Zhitong Finance App learned that auto parts stocks generally fell today. As of press release, Nexteer (01316) fell 5.12% to HK$3.52; BOE Precision (00710) fell 4.95% to HK$5.19; Minshi Group (00425) fell 1.87% to HK$13.68; and Zhejiang Shibao (01057) fell 1.44% to HK$2.05.
According to the news, after the Spring Festival holiday, car companies set off a “wave of price cuts.” According to statistics, at present, 14 car companies have officially announced price cuts. Analysts said that after the price war began, the demand for cost reduction from car companies was more urgent than ever before. Under limited internal cost control, the pressure to cut costs spread to the supplier system. Shanghai Securities, on the other hand, said that if parts manufacturers adopt aggressive market competition strategies such as price wars in market competition, it will have an impact on the profitability of parts manufacturers.
Furthermore, analysts say robots will continue to reshape the entire automotive industry as the robot supply chain overlaps more than 60% with the automotive supply chain. Recently, however, Green Harmonic, a leading company of harmonic reducers for key components of domestic robots, waved a price chopper against customers in some fields. Among them, the price reduction for products supplied to collaborative robot customers reached about 20%. According to industry estimates, humanoid robots will actually be commercialized and popularized, and the optimistic estimate is that it may still take until 2028 to 2030.