Due to the decline of US auto sales, China’s auto market has become the “first brother†of the global auto market. At present, the Chinese auto market has formed a branded automobile consumption market. As an important automobile consumer market and producer in the world, China's auto parts industry also develops rapidly.
According to a report released recently in the 11th China International Electromechanical Products Expo, China's auto parts market has grown rapidly, and its scale has increased from 170 billion yuan in 2000 to 1 trillion yuan, and in 2010 it will reach 1.4 trillion yuan. Since the accession to the World Trade Organization, the assets of the Chinese automobile industry have been increasing year by year, and it has now become an important economic pillar industry. Auto parts and components are the basic industries of the entire automobile industry and have become the key factors that determine the success or failure of the auto industry.
Insiders pointed out that although China has become a global leader in automobile production and sales, problems such as irrational industrial structure, low technical level, weak self-development capabilities and imperfect consumer policies are still prominent, and constraints such as energy, environmental protection, and urban transportation are increasingly evident. Coupled with the continued suppression of foreign-funded parts companies, the development of China's auto parts industry is very serious.
Great investment potential
China's huge market potential and cheap labor are attracting more and more international parts and components companies. It is reported that China has already emerged a number of export-oriented enterprises that mainly export auto parts. In 2009, the total export value of Chinese auto products reached 19.7 billion U.S. dollars. Among them, auto parts, accessories, and bodywork accounted for 43% of auto product exports, an increase of 51% year-on-year. Due to the decline in vehicle profits, rising raw material prices, and the overall level of China's parts and components industry, the products have reached international standards, and foreign auto giants have purchased Chinese-made components. According to statistics, more than 1200 of the country's more than 5,000 auto parts companies are foreign-invested enterprises. As of the end of last year, at least 70% of the world's top 100 auto parts suppliers had conducted business in China.
Judging from the output of automobiles, China will surpass 17 million vehicles in 2010 and will maintain rapid growth in the coming years. The great leap in China's auto industry that began in 2007 actually indicates that the industry will have great opportunities in the next 10 years and related auto parts will be the focus of investment. From the auto parts industry, automotive lithium batteries are areas that should be of long-term concern in the future.
Independent innovation is the key
Although China's auto parts industry has made considerable progress in recent years, from the perspective of the global market, China's auto parts industry is scattered and the industrial concentration is not high. The vast majority of small-scale enterprises have neither sufficient operating funds nor sufficient Research and development capabilities simply cannot develop advanced products that meet the needs of the market. These problems have not only hindered the healthy development of China's spare parts industry, but also produced considerable restraints on the vehicle manufacturing industry.
According to reports, China is now in a transitional stage. Some component manufacturers have become "little giants" in the spare parts industry, and there are huge opportunities for development. The auto parts industry in the automotive industry chain will become one of the industries with the most potential for development in the coming years. However, with the increasingly fierce market competition, the pressure of competition among Chinese parts and components companies is also increasing. In order to solve the problems of scattered parts, chaos, and poor economic efficiency of parts and components industries, parts and components companies will reduce costs and make them bigger. Scale must take advantage of the power of the market economy and make full use of the economies of scale. Zhang Dejiang, vice premier of the State Council of the People's Republic of China, emphasized in his recent visit to the 4th China International Auto Parts Expo that raising the level of design and manufacture of auto parts is crucial to promoting the development of the Chinese auto industry and raising the level of the Chinese auto industry. It is necessary to strengthen the infrastructure construction of the auto parts industry, speed up the realization of technological autonomy of key parts and components, and comprehensively improve the autonomy and international competitiveness of the Chinese auto industry. In this regard, the industry pointed out that from the perspective of long-term development, component companies should also strive to gain access to high value-added, high-tech product areas, such as car navigation systems, shock absorbers, and brakes, through technological innovation and raising the level of research and development. , engine, battery, air conditioning compression and other fields.
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