Jin Chenhai, vice-president and general manager of U.S.-based Honeywell Transportation Systems China. (Photo provided to chinadaily.com.cn)
Technology innovation is the DNA of Honeywell, and the company will try to make China greener with its latest technology and the newest products, according to Jin Chenhai, vice-president and general manager of Honeywell Transportation Systems China.
The turbocharger is mature technology that can help provide up to 20 percent fuel efficiency for gasoline vehicles and up to 40 percent for diesel, while helping reduce emissions without harming the engine's performance.
Honeywell entered China in 1994 and has become a leading turbocharger producer in the country. With an annual production capacity of one million, it built its first plant in Shanghai. Wuhan plant in central China's Hubei province was built in 2013, and has an annual production capacity of two million units.
As China's fuel economy target is 5L/100km by 2020, the world's largest auto market aims to reduce emissions and achieve fuel efficiency at the same time.
With this aim, a report from Honeywell forecasts that by 2020, turbocharger penetration in China is expected to reach 47 percent from the current 28 percent.
About 44 percent of new passenger vehicles in China will be installed with turbochargers, according to the company's forecast, which was released at the 2015 Frankfurt Auto Show.
China Daily website had an exclusive interview with Jin, who shared information on the company's latest products, China strategy and secrets of success in China.
Here we present excerpts from the Interview.
1. One type of Honeywell turbocharger was awarded in June, and has been installed in the Citroen C4L. Can you give a brief introduction to it? Is your company planning to promote it to other vehicle manufacturers?
The engine is the 1.2 T, and it has been sold in China. This engine is fuel-efficient, and also high performing acceleration and is easy to start, as the driver only needs to slightly tap the gas pedal before the engine will start.
We have cooperated with almost all the mainstream vehicle manufacturers in China, such as Geely, Great Wall, and Chery. In the first half of this year there were nine versions of new cars, including SUVs and family sedans, installing with our company's turbochargers. In the future, we expect to see more cooperation in China, not only with domestic producers, but also overseas ones.
2. So far, what is your company's market share in China?
The compound growth rate of passenger vehicles with turbochargers saw a 15 percent year-on-year increase, while our company's increase in this sector is higher than this number.
3. What do you think contributes to Honeywell's success in China? What is the advantage of your company's products compared with your competitors?
Firstly, innovation is the DNA of Honeywell. The company's aerospace and aircraft strength is the innovation source of the turbo-charging technology.
Secondly, we have "East for East" solutions, namely, we have the platform to develop certain products for Chinese market.
Thirdly, Honeywell aims to become the Chinese competitor. We are trying to become a company that has a Chinese-style competitiveness.
