OREANDA-NEWS. December 29, 2011. Baoshan Iron & Steel Co., Ltd and Shanghai Automotive Industry Corporation (Group) (hereafter referred to as SAIC) have obtained the substantial progress in the automotive lightweight technology strategy cooperation after a year of hard work of the two sides. They have realized the reduction of the car weight about 13% by using the comprehensive lightweight technology in one car model and created the condition for the automobile energy-saving and emission reduction. This is the information coming from the summing-up meeting of the automobile lightweight technology strategy cooperation between Baosteel and SAIC on the afternoon of December 26.

The general manager of the Baosteel Group Corporation and Chairman of Baosteel Co.,Ltd He Wenbo, the general manager of Baosteel Co.,Ltd Ma Guoqiang, the deputy general manager Wang Jing, the vice Chairman and President of SAIC Chen Hong, the executive vice president of SAIC Chen Zhixin etc attended the meeting. The deputy general manager of Baosteel Co.,Ltd Zhou Jianfeng presided over the meeting.

The automobile lightweight is the development trend of the automobile industry to pursue energy-saving and emission reduction. Baosteel has formed the material storage and application performance of the automobile lightweight technology by the technology accumulation and practice of the steel material. In the second half of last year, as the strategy user of Baosteel auto plates, SAIC and Baosteel signed the automobile lightweight technology strategy cooperation agreement, jointly devoted to the development research of the automobile lightweight technology and promoting the deepening of the cooperation field of the two sides. Under the collective efforts of the production, marketing and research team of Baosteel auto plates and SAIC, the automobile lightweight technology cooperation has obtained good results. Six out of eight subject researches jointly developed by the two sides have made the substantial progress.

In the speech, Chen Hong said that the two sides' development of the automobile lightweight technology cooperation has the positive significance to strengthen their technical strength and develop close to the market. SAIC is willing to provide the platform for Baosteel, strengthen the value of the supply chain and promote the double-win development of the two sides by deepening the cooperation.

He Wenbo and Ma Guoqiang thanked the support of SAIC to Baosteel in their speech. They said that the cooperation of both sides have ascended from a simple supply and demand cooperation to the supply chain and the deep cooperation of the future development, more and more closely. The automobile plates will still be the most important strategic products of Baosteel in future, and Baosteel will spare no efforts to promote the development of the automobile plates and the corresponding service, keep up with the pace of the development of the car users and make the users feel the value of the automobile plates of Baosteel. Baosteel will continue to optimize and improve the supply chain construction, promote the further development of both sides with practical actions and realize the increment of the supply chain value and the double win of the two cooperating sides on the base of more cooperation opportunities supplied by SAIC.