On July 2, the ZF Group Asia-Pacific Supplier Conference was held in Anting, Shanghai. Leaders of the local government and Stephan von Schuckmann, Director of ZF Group, Runyi Wang, Executive Vice President, President of ZF Group China and President of Operations Asia Pacific, Matthias Lang, Vice President of Material Management of ZF Asia Pacific, and heads of various ZF business units in Asia Pacific discussed the challenges and future development opportunities of the automotive industry with more than 200 supplier partners from the Asia Pacific region.
During the meeting, all parties had in-depth and frank exchanges, and had a heated discussion on topics such as industry development trends, technological innovation, cost control and future cooperation directions. All parties reached a consensus that in the face of a complex and volatile market environment, only by deepening cooperation and jointly building system capabilities can we cope with challenges and seize opportunities.
Photo: Stefan von Schuckmann, Director of the ZF Group
Stefan von Schuckmann, Member of the Board of Directors of the ZF Group, said: "In the face of the challenging global economic situation and fluctuating market demand, ZF is flexibly responding and is continuously strengthening its global competitiveness by adjusting its production model, driving efficiency and controlling costs. Let's work with our suppliers to seize the opportunity to innovate, collaborate and overcome challenges to achieve our goal of 30% of the Group's total sales in the Asia-Pacific region by 2030. ”
Pictured: Runyi Wang, Executive Vice President, President of ZF Group China and President of Asia Pacific Operations
Wang Runyi, Executive Vice President, President of ZF Group and President of Asia Pacific Operations, said that the Asia Pacific region is one of ZF's strategic core regions, and the company will deepen its all-round localization strategy, establish long-term win-win partnerships with suppliers, and strengthen the resilience, cost competitiveness and flexibility of the supply chain. ZF looks forward to working with its supply chain partners to address industry challenges and advance technology through innovative collaborations.
The heads of the business units Asia Pacific also shared their insights and looked forward to future development trends in the business segments of Chassis Solutions, Electric Drive Technology, Commercial Vehicle Solutions, Electronics and Advanced Driver Assistance Systems. Their presentations not only demonstrated ZF's deep accumulation and forward-looking layout in the field of technology, but also reflected the company's emphasis on supply chain partnerships. The heads of each business unit emphasized that close cooperation with suppliers is the key to accelerating technological innovation, improving product quality and market responsiveness, and jointly addressing industry challenges.
图:采埃孚亚太区物料管理副总裁Matthias Lang
Since entering the Chinese market in 1981, ZF has achieved a comprehensive layout from sales to manufacturing, from R&D to service. In 2023, ZF's sales in the Asia-Pacific market exceeded 10 billion euros, of which sales in China reached 8.1 billion euros, an increase of 5.2 percent year-on-year. ZF is committed to building long-term and stable strategic partnerships with suppliers to jointly promote technological innovation, optimize cost structure, and improve market responsiveness to create a more resilient and efficient supply chain.
It is worth mentioning that in terms of sustainable development, ZF actively integrates the concept of green and low-carbon development into the supply chain and is committed to achieving sustainability along the entire value chain. The company works with partners to reduce carbon emissions, promote green production, and ensure sustainable development.
(This article is provided by the company)