HS code-driven portfolio diversification

China's domestic engines: with the development of China's manufacturing industry,HS code-driven portfolio diversification China has emerged in many fields, including the field of automobile engines. In recent years, driven by the support of national policies and independent innovation, the technical level of China's automobile engines has been continuously improved, and domestic engines have finally ushered in a big debut. I. The progress of domestic engine technology. After years of development, the technical level of China's automobile industry has been continuously improved. It has gradually shifted from simple imitation and following to innovation and development, and has achieved remarkable results.In the field of engines, China's technical level has gradually catched up with the international advanced level. Nowadays, it has obvious advantages in terms of fuel and emission reduction, power performance, reliability and other aspects. In recent years, domestic engines have been launched by various automobile manufacturers, and the technical level has been greatly improved. For example, in the WEY brand models launched by Great Wall Automobile, the engine series is at the same level as Audi, which can meet the needs of high-performance and high-quality driving. II. The pressure brought by German brand engines to Chinese brands In China's automobile industry, with the increasing growth of domestic brands, German brand engines have gradually become a standard configuration and are widely used in brand models such as BMW, Mercedes-Benz, Audi and Porsche. These brand engines are regarded as the benchmark of the industry, and they are famous for their excellent performance, reliability and fuel economy.However, with the continuous improvement of China's domestic engine technology, the competitiveness of Chinese brand cars is also increasing, and German brand engines are beginning to feel the pressure from Chinese domestic engine manufacturers. Especially in the field of Chinese brand SUVs, domestic engines have gradually become the mainstream option, surpassing the market share of German brand engines. III. Challenges faced by domestic engines Although China's domestic engines have made great progress in technology, they still face many challenges. First of all, although the quality of domestic engines has been continuously improved, the trust in the hearts of consumers is still not high enough, which has also become one of the problems that domestic engine manufacturers need to overcome. Secondly, domestic engines need to continue to make efforts in terms of high horsepower, high performance and after-sales service. Although some brands are in technologySignificant progress has been made in art innovation, but it still takes a certain amount of time to reach the international advanced level in all aspects. Finally, China's domestic engines need to break the monopoly of German brands. Chinese manufacturers need to improve their quality, launch cost-effective engines, and attract consumers in terms of price, quality, service and market communication. IV. Conclusion China's domestic engines are facing an important period of development. The support of national policies, the investment of automobile manufacturers and independent innovation have all accelerated the development of the national motor industry. Although facing many challenges, domestic engines have begun to move to a higher level, and the future development is full of hope.

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