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China has become the world’s third-largest automobile producer and the second-largest automobile consumer market, and the auto parts industry has entered a period of rapid development. The China International Electromechanical Products Expo held recently announced that the scale of China’s auto parts market has increased from 170 billion yuan a decade ago to 1,000 billion yuan last year, and will reach 1.4 trillion yuan in 2010. increase.
This report was jointly written by the China Mechanical and Electrical Products Import and Export Chamber of Commerce and the Organizing Committee of the Expo. The entire paper divides the development of China's auto parts into three stages, the rising stage, the fluctuation stage, and the transition stage. China's auto parts industry is currently in a transitional stage. Some parts and components manufacturers are expected to become giants in the parts and components industry. The development prospect is broad, and the auto parts industry will become the most promising area for future development.
It is understood that a number of export-oriented enterprises, mainly exporting auto parts, are rising in China. Last year, China’s total exports of complete vehicles and parts reached US$19.7 billion. Among them, auto parts, body parts and accessories accounted for 43% of related product exports, an increase of 51% year-on-year. Due to the increase in raw material prices, overall vehicle profits have declined, and the overall level of China's parts and components industry has improved to an international level. International auto giants have purchased Chinese-made auto parts. By the end of 2009, at least 70% of the world's top 100 auto parts suppliers had business in China. Although the situation is gratifying, from a long-term perspective, auto parts companies should strengthen technological innovation, raise the level of research and development, and strive to create high value-added, high-tech products. For example, high value-added vehicles such as engines, batteries, air conditioning compressors, car navigation systems, shock absorbers, and brakes should be highly effective.
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