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According to reports, the supply contract for the world's first 10-speed automatic transmission developed by a domestic automobile group eventually fell to Baosteel Special Steel. This marks the beginning of the application of Baosteel Special Steel Materials to the world’s highest technological level of automatic transmissions.
Reported that the 10 speed vehicle transmission material is different from the general transmission materials. In particular, it requires high strength and has special requirements for the hardenability and purity of the steel. As a domestic high-end automatic transmission production support enterprise, an auto group started the localization process of the project's materials in 2013 and sought for material partners at home and abroad.
In fact, from 2005 onwards, Baosteel, which originally provided only high-quality car steel plates for automakers, officially entered the auto parts industry. According to Baosteel's “Auto Parts Industry Development Plan†formulated in 2008, the company will gradually enter the auto parts industry in an all-round way, and will focus on the production of wheels, bodywork, power transmission systems and chassis systems, in the future 5~6. The company has become bigger and stronger through joint ventures, equity participation and mergers and acquisitions, and strives to make Baosteel's automotive parts and accessories industry enter the top three in the domestic industry.
At present, the automotive vehicle manufacturing industry and its closely related auto parts industry, such as automotive panels, special steel and other major raw materials, are all Baosteel's superior products, and domestic major vehicle manufacturers are all Baosteel customers. According to the data of the Iron and Steel Industry Association, Baosteel has occupied 50% of the domestic cold-rolled automotive steel plate market.
In addition, Jiangshan Baosteel Group, which occupies half of the automobile steel plate field, announced its third-generation automobile steel debut on July 30, 2013. It is reported that Baosteel is currently the only energy-producing third-generation automobile steel company. At present, the company has achieved bulk supply to FAW Car. According to reports, in the next five years, if all automobiles use such steel, they are expected to reduce CO2 emissions by 17 million tons during the life cycle.