Zhu Qingping, CEO of FUCHS China, a seasoned professional with over 30 years of experience in the automotive industry faces a hypercompetitive market. In China, the lubricant market comprises a thousand companies, other multinational companies (MNCs), state-owned enterprises, and new private sector entrants. Sitting on the group management committee, Zhu has always been part of the development of FUCHS2025, an involvement that also guaranteed a deep understanding of the global perspective. Under Zhu’s leadership, FUCHS China has maintained a three-year rolling business strategy for the Chinese market which was tailored to the specific needs and opportunities within China, up until the formation of the global strategy office in 2019.
The integration with the global strategy office marked a significant shift, enhancing the professional approach to strategy formulation and aligning with the broader corporate direction. He emphasized a shift in the operational mindset: “We are rebranding the organization from FUCHS China to FUCHS in China.”
It will be a transition from merely receiving support from the headquarters to contributing actively to the global FUCHS network.
On one hand, China’s role as a pilot launch site for innovation, capitalizing on the rapid decision-making and flexibility of Chinese customers is very valuable. The willingness of FUCHS China to be the testbed for new products and initiatives underscores their commitment to being at the forefront of innovation within the group.
On the other hand, with Chinese enterprises like BYD and Goldwind Technologies expanding globally, this presents opportunities for FUCHS China to support and facilitate these global ventures. This includes aiding in certifications and business development, thus enabling other FUCHS entities to capitalize on these efforts.
As Zhu indicated: “Our mission in China is to make a greater contribution to global operations, which involves two key aspects: one is integration, and the second is to contribute more to the global scale.”