Function, quality and cost are the three core elements of a product. Especially in the future, under the general trend of digitalisation and AI, it is a must for manufacturing companies to establish a complete cost engineering system.

Based on 25 years of practical experience and method research in German and Chinese automotive companies, the author systematically introduces cost engineering system, cost engineering methods and their practical applications in the entire product process for the first time in this book, and presents a large number of practical examples of cost optimisation. Looking to the future, like the quality system standard, the cost engineering system also needs a standard for production companies. Cost analysis software, AI + cost engineering are important tools for manufacturing companies to fully and intelligently exploit the potential of cost optimisation.

Dr. Xiaoyi Liu was born in Ya'an, Sichuan Province, China. He took the first national college entrance examination after the reform and opening up in 1977 and entered the Electrical Engineering and Computer Science Department of Shanghai Jiaotong University. After returning to China, he worked as a senior technical manager at Great Wall Motor, responsible for vehicle cost planning and light weighting, and leading the cost reduction and efficiency work of various brands.

Dr. Xiaoyi Liu has received several awards at home and abroad

German Physicist Award

Airbus and Ulm City Award for New Processes and Environmental Protection

Daimler Group Research Award

Best Cost Optimization Award of Great Wall Motor

and is

Visiting Professor at Tongji University School of Automotive

Graduate student mentor in the field of electrical engineering at the School of Electronic Information and Electrical Engineering, Shanghai Jiao Tong University

Member of the "Changfeng Plan" of the Talent Exchange Center of the Ministry of Industry and Information Technology for the new energy and intelligent networked vehicle industry experts think tank

Special lecturer of "Cost Engineering" of the Talent Exchange Center of the Ministry of Industry and Information Technology/China Automotive Industry Training Base/Gordon Institute of Finance and Taxation, and special guest of "Cost Engineering" training of Shanghai Anting Government/Changzhou Municipal Government

Author of "Liu Xiaoyi's Column" of Gasgoo Auto

Author of the book in German Language “Cost-Engineering-System in den produzierenden Unternehmen – Methoden, Prozesse und Erfahrungsberichte aus der Praxis“, published on September 29th, 2022, by Springer-Verlag Berlin-Heidelberg & PHEI, ISBN 978-3-662-65095-0, ISBN 978-3-662-65096-7 (eBook)

Dr. Xiaoyi Liu is the founder and CEO of CostKey Solutions (Shanghai) Co. Ltd.