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Wanxiang Jinggong’s tapered hub unit products have achieved “leadership.”
2021-11-03
Currently, the industry is undergoing rapid technological transformation, posing greater challenges to product types and sales structures. In the face of ever-changing market dynamics, Wanxiang Precision has been making relentless efforts to explore optimization and transformation of its market and product mix. Expanding the market for tapered hub units is just one of many initiatives through which Wanxiang Precision is enriching its sales structure.
Starting in 2019, Wanxiang Precision has been developing tapered hub unit products. Unlike conventional ball-type components used in passenger vehicles, tapered units typically weigh more than twice as much as their ball counterparts. Currently, the heaviest product being processed exceeds 8 kilograms, posing significant challenges to both the supporting production equipment and operator training.
Starting from the second half of this year, the products supplied exclusively by Wanxiang Jinggong to Company W have entered mass production. This product is a second-generation tapered roller bearing with a total weight of 8.2 kilograms and an outer ring maximum outer diameter of up to 215 mm. At the outset of production, Wanxiang Jinggong’s equipment was not yet equipped for mass production; processes such as grinding, adjustment of clearance, and assembly had to be performed manually by employees, resulting in a maximum daily output of only 200 sets per shift. To meet the production targets, the company immediately took decisive action by forming a special task force composed of key personnel from the Marketing Department, Technical Department, Quality Department, Production & Logistics Department, Equipment Department, and Manufacturing Division No. 4. The team tackled challenges head-on and worked tirelessly to accelerate production. Within about two weeks, the team members successfully completed several critical tasks, including technical problem-solving, commissioning of new equipment, daily reporting on customer needs, and arranging shipments. One month later, production capacity ramped up to 800 sets per shift, and ultimately, the company produced a total of 14,000 sets. While ensuring timely supply, the company also established a safety stock, thereby successfully completing its mission.
Currently, most of the tapered roller units for light commercial vehicles and pickup trucks in China still rely on imports, resulting in high costs. With the opening up of the domestic pickup truck market and the growth of light commercial vehicle brands, there is considerable market potential for tapered roller unit products. At present, Wanxiang Precision has secured fixed orders with a projected annual demand of approximately 1 million sets. The company is also actively pursuing additional projects in the light commercial vehicle sector, and it is expected to generate annual sales of around 200 million yuan by 2025. As market conditions continue to evolve, the only way for companies to maintain their competitive edge is through continuous innovation. Over the years, Wanxiang Precision has focused on the R&D of automotive hub bearing units, primarily specializing in first-, second-, and third-generation ball-type passenger car bearings. After more than 30 years of exploration and innovation, the company has achieved the number one market share in China and ranked seventh globally, successfully entering the supplier networks of numerous international high-end customers.
Going forward, Wanxiang Precision will continue to uphold its strategic vision of becoming a strategic partner to world-class automotive manufacturers in the field of wheel hub bearing units, constantly striving for self-improvement and providing our customers with the highest-quality services and products.
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