According to a market data,as of November 2019,domestic brands accounted for 64%of new smartphone sales in China,while foreign brands accounted for only 36%.The top five domestic enterprises accounted for nearly half of the sales.

 According to industry insiders'predictions,Japanese and Korean brands,which once dominated the Chinese construction machinery market,are now experiencing a complete collapse,and domestic brands are ushering in their highlight moments!

 The ranking of corporate market capitalization serves as a more accurate indicator of a company's competitiveness and brand status.It is heartening to note that the displacement of foreign brands by domestic ones is also evident in corporate revenue.

 Looking back on the past two decades of development,it is not difficult to find that these domestically produced brands that have replaced imports share common characteristics:enhancing product competitiveness,dedicating themselves to technological research and development,and pragmatically striving for progress...It is precisely these qualities that have enabled domestic brands to continuously grow and achieve a magnificent transformation.

 Calm down:only by"living"well can we develop well

 Domestic brand enterprises have come to a sober realization:only by staying afloat can they achieve development,and prioritizing product quality is of utmost urgency!

 All products produced by any enterprise must be competitive,and the product level must reach the forefront of the market.Nowadays,it is no longer the era when information was scarce and marketing could be achieved through advertising.Whether a product is good or not,the market and users have the final say,not relying on shouting and clamoring.

 Products must be competitive.Only when there is a market can there be revenue and funds for research and development.If a company cannot survive,how can it talk about development?Currently,Mitsubishi,Isuzu,and others are still the world's stable and advanced construction machinery engines.So why don't domestic brands purchase world-leading engines to improve product competitiveness?

 If the product is not good,it cannot be sold,let alone development and brand building?

 Ambition:With a thick neck,not afraid of getting stuck

 Domestic brand enterprises have ambition:as long as they have a strong neck,they are not afraid of being"stuck"in core areas.

 In the past,a frequent criticism of Chinese manufacturing was that domestic brands were"choked"by the three major components(pumps,valves,and engines)that were all imported!Falling behind means being beaten!

 Nowadays,domestic brands are gradually breaking free from the situation of being held back.After two decades of development,in terms of important components of construction machinery such as diesel engines,Weichai,Yuchai,and Xichai are all doing quite well.Although there is a slight gap compared to imported brands,it is very small.If imported engines cannot be used,it can be fully compensated through after-sales service and price.For end customers,domestic brands offer high cost-effectiveness,ensuring user benefits.If foreign brands such as Mitsubishi and Isuzu are banned,they will lose the world's largest construction machinery market!

 Pragmatic:Core technology is the"lifeblood"of an enterprise

 Domestic brand enterprises are more pragmatic:only by truly mastering core technologies and possessing genuine capabilities can they gain a firm foothold in market competition!

 After so many years of development,domestic construction machinery is not just an assembly plant without core technology,as some people claim.For example,the technical content of domestic pump trucks ranks first in the world.Everyone purchases advanced engines and chassis globally.Why can't other brands do the same?Domestic brands have accumulated a wealth of core technology through years of capital investment.The localization of key components has never stopped,and R&D investment has always been substantial.Chinese construction machinery domestic brands have only developed for two decades,but they can already rival foreign brands that have accumulated over a century of experience.On the one hand,it relies on China's huge market,and on the other hand,it is also inseparable from the hard work and perseverance of domestic brands over the years!

 Insight:Market-for-technology will come to an end

 Domestic brand enterprises have come to realize that the old path of exchanging markets for technology and buying technology ultimately leads nowhere!Only through independent innovation and elevating the industry's standards can we maintain our vitality!

 The development history of China's passenger car market has profoundly demonstrated that technology cannot be obtained through market exchange,and nothing can be exchanged for technology.The ultimate outcome of joint ventures is the loss of both the market and technological development.

 Over the years of development in China's construction machinery market,domestic brands have stood on their own two feet,engaging in direct competition with foreign brands for two decades.This has proven that as long as there is a market and revenue,more funds can be invested in research and development,ultimately leading to the development of one's own brand.In the early stages,domestic brands faced instability in product quality,but compensated with excellent service and after-sales support.Step by step,they caught up with foreign brands,and now,their product quality is essentially on par,even surpassing that of foreign brands!

 Over the past two decades,the development of China's construction machinery has witnessed one milestone after another,evolving from scratch to excellence.An increasing number of domestic construction machinery brands have not only met the industry's needs but also secured a foothold in the international market with their high-tech,high-performance,and craftsmanship-driven products.In another ten years,it will be an indisputable fact that the quality of domestic brands will surpass that of foreign brands.Behind every substitution lies the hardships of honing a skill for ten or twenty years.The path of domestic equipment manufacturing industry's counterattack is marked by steady progress,step by step.With a vast market,achieving scale,and generating substantial revenue leading to extensive research and development,the industry will ultimately achieve its counterattack and claim victory!