The auto parts industry is the foundation of the auto industry. Without a complete auto parts system, there will be no development in the auto industry. With the rapid development of China's auto industry, a relatively complete auto parts industry has taken shape, and many multinational auto groups are integrating China into their global supply chain for auto parts.
As the world’s largest auto multinational company has entered China, almost all the world’s leading auto parts manufacturers have come to China to invest in factories or establish technical cooperation with domestic parts factories. At present, 1,200 of the 5,000 auto parts companies in the country are foreign-invested enterprises. The purpose of these multinational companies' production in China is not only to occupy the Chinese market, but also to make China one of the global production bases and supply them to production plants or parts factories around the world. At the same time, domestic private auto parts enterprises have developed rapidly. A group of automotive and component companies with high technological content, good efficiency, and large scale have gradually grown up. The gap between China's automobile and parts industry and the international level has been greatly reduced, and a certain competitive automobile and parts manufacturing system has been initially formed.
Since the reform and opening up, with the rapid economic development, China's auto industry has made remarkable achievements, and the auto parts industry has also made considerable progress. Not only has it met the needs of the domestic market, but some auto and parts products have entered the international market. At the same time, China's auto parts industry has a certain production capacity and technical capabilities, and has competitive advantages in the production of some parts and components. Some of these parts and components products have been recognized by multinational companies and have greater export potential.
Wei Jianguo, vice minister of the Ministry of Commerce and director of the National Electromechanical Products Import and Export Office, said that the state will adopt seven measures to expand the export of automobiles and parts: First, to support domestic auto and parts companies to become bigger and stronger. The second is to use the globalization strategy of multinational companies to develop China's auto and component manufacturing capabilities. The third is to accelerate the construction of auto and auto parts export bases. The fourth is to increase policy support for the export of automobiles and components. The fifth is to promote and support enterprises through various international certifications. Sixth, it is to improve the export service system for automobiles and components. Seventh, standardize export order and curb price wars in overseas markets.
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