The report of the 11th China International Electromechanical Products Expo, which ended on the 26th, said that the scale of China's auto parts market has increased from 1 trillion yuan in 2000 to 1 trillion yuan, and this year will reach 1.4 trillion yuan, a rapid growth.
The report, jointly prepared by the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products and the Expo Organizing Committee, divides the development of China's auto parts into three phases, namely, the rise phase, the wave phase and the transition phase. The report believes that China is now in a transitional stage, and some component manufacturers have begun to become small giants in the parts industry. The development opportunities are huge. The parts and components industry in the automobile industry chain will become one of the most promising industries in the next few years.
It is reported that a number of export-oriented enterprises mainly exporting auto parts have emerged in China. In 2009, the total export value of China's auto products reached US$19.7 billion, of which auto parts, accessories and body parts accounted for 43% of auto products exports, up 51% year-on-year. Due to the decline in the profit of the whole vehicle, the increase in raw material prices, and the improvement of the overall level of China's parts and components industry, the products have reached international standards, and foreign auto giants have purchased Chinese parts. As of the end of last year, at least 70% of the world's top 100 auto parts suppliers are doing business in China. However, in terms of long-term development, component companies should strive to enter high-value-added, high-tech products as soon as possible through technological innovation and improvement of research and development, such as car navigation systems, shock absorbers, brakes, engines, batteries, air conditioning compression. Machines and other areas with higher added value.
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The report, jointly prepared by the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products and the Expo Organizing Committee, divides the development of China's auto parts into three phases, namely, the rise phase, the wave phase and the transition phase. The report believes that China is now in a transitional stage, and some component manufacturers have begun to become small giants in the parts industry. The development opportunities are huge. The parts and components industry in the automobile industry chain will become one of the most promising industries in the next few years.
It is reported that a number of export-oriented enterprises mainly exporting auto parts have emerged in China. In 2009, the total export value of China's auto products reached US$19.7 billion, of which auto parts, accessories and body parts accounted for 43% of auto products exports, up 51% year-on-year. Due to the decline in the profit of the whole vehicle, the increase in raw material prices, and the improvement of the overall level of China's parts and components industry, the products have reached international standards, and foreign auto giants have purchased Chinese parts. As of the end of last year, at least 70% of the world's top 100 auto parts suppliers are doing business in China. However, in terms of long-term development, component companies should strive to enter high-value-added, high-tech products as soon as possible through technological innovation and improvement of research and development, such as car navigation systems, shock absorbers, brakes, engines, batteries, air conditioning compression. Machines and other areas with higher added value.
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