The first is that foreign-funded parts and components companies accelerate their entry into China.
With the in-depth development of China's automobile industry, many foreign component companies have accelerated their investment in China. For example, the second plant of Bosch Chassis Systems, a world-renowned component system supplier, settled in Chengdu.
The second is that new energy auto parts will become a hot spot for investment.
China has included new energy vehicles as a strategic emerging industry. Under this situation, the establishment of new energy vehicles and key parts industry bases across the country has been fully launched. In the future, domestic investment in new energy vehicles and key parts will be Keep increasing.
The third is mergers and acquisitions and overseas mergers and acquisitions will gradually accelerate.
The intensified price war in the vehicle market is also eroding the profit margin of the parts industry. The requirements of vehicle manufacturers to reduce costs and ensure profits are becoming more and more demanding. Although the output value of China's auto parts industry is large, it has not exerted the scale effect, so the integration and reorganization of the auto parts industry is imperative. It is foreseeable that China’s auto parts industry will enter a stage of accelerated integration in the next few years. On the one hand, horizontal and vertical integration between domestic companies can achieve scale effects; on the other hand, overseas mergers and acquisitions can be used to achieve global production and market resources. Optimize the configuration of the scope and obtain advanced technology and management experience.
Fourth, the development of clusters will stimulate the rapid growth of the regional economy.
The auto parts industry has formed six major auto parts industry clusters in the Northeast, Central China, Beijing-Tianjin, Yangtze River Delta, Southwest and Pearl River Delta. Industrial clustering makes the division of labor more refined, more specialized, and easier to achieve scale, making information more concentrated and faster, technological innovation faster, logistics easier to organize, and economic benefits are significantly improved.
