After long-term development, the mold industry is currently on the rise. At such a stage, what kind of development method should mold companies adopt has become a question that major mold companies are actively thinking about. Protracted price wars are gradually not accepted by enterprises, and technological competition gradually surfaced. The domestic mold industry is at the low end of the world's mold industry. Such a situation is related to the low technological level of the entire industry and the continued price war. If the mold industry wants to develop, it must continuously increase research and development funds, increase technological content, and produce products with core competitiveness. Only by increasing product research and development efforts can we really change the current competition model. Why has the domestic mold industry been fighting price wars? Currently, there are many domestic enterprises engaged in mold production, but the scale is relatively small, and they are basically small workshops with low technological content. The products produced by small mold companies are basically imitations, resulting in more and more low-end homogeneous molds. Mold companies are facing the problems of overcapacity and inventory backlog. In order to continuously increase sales, mold companies will lower product prices. Several mold companies cut prices one after another, which eventually led to the entire industry being in trouble, and the profits of enterprises became less and less. When profits continue to shrink, companies simply have no extra funds for product research and development. the

A long-term price war within the industry will affect the entire industry. China's mold companies should improve the technological content of their products and shift from the current price war to technological competition. From simply seizing market share and not making profits at present, it has become a joint sharing of the market and mutual profit. It is believed that after Chinese enterprises change their competition methods, the production level of enterprises can be greatly improved, effectively get rid of vicious competition, and bring the mold industry to a higher level.