In recent years, under the support of the national favorable policies and the continuous efforts of Chinese auto parts companies, the strength of Chinese auto parts companies has been continuously enhanced, and the production capacity, product quality, development status, and service level have all greatly increased. In order to support the development of the automobile industry, the state has introduced a series of favorable policies such as the planning for the revitalization of the automobile industry to support the development of the automobile industry. The country has always advocated the inseparable relationship between the automotive and parts industries, and industry experts have said that if the parts are strong, then the vehicle is strong. It also shows that the government attaches great importance to the development of the spare parts industry. In the near future, many international auto parts companies have moved to the Chinese market and have also pushed the development of the Chinese auto parts industry to a new height.

With the continuous development and growth of China's auto parts industry, international auto parts giants have also taken a fancy to China's auto parts market. They have successively fought in the Chinese market to carry out business in China. The company shifted its business focus to China and set up its own factory in China. In recent news, in December 2009, Seiko Group and Zhejiang Wanda Group will invest 60% and 40%, respectively, in the construction of a new factory in Zhejiang Province, specifically for the Chinese automotive manufacturers mass production of low-cost car direction assistance system for China. Emerging automakers offer cheap auto parts.

On May 20th, Borg Warner Double Joint Drive System Co., Ltd., jointly invested and established by the United States BorgWarner and China Zhongfa Investment Co., Ltd., was established in Dalian Development Zone. This project is the most important automobile parts and components project that Dalian has introduced in recent years, with a total investment of USD 200 million. It mainly produces and sells automotive dual clutch transmission control modules. The landing of this project means that the development of the Dalian automobile industry has made significant progress. The auto parts industry cluster has been initially established, and industrial preparation has been prepared to attract the vehicle project.

IAC, which ranks 13th among US auto parts suppliers, will set up a new factory in Fuzhou. The products of the new Fuzhou plant will be mainly supported by the Vito commercial vehicle of Fujian Daimler Automotive Co. (FJDA). Supply components include door panels. And side wall linings, floors and ceilings and other components. This will be the fourth plant that Elcot has established in China. Currently, it has one factory in Wuhan and one in Chongqing, and one factory and engineering research and development center in Shanghai.

One of Visteon’s Fortune 500 companies ranks second in the global auto parts industry. The Dongfeng Visteon Wuhan plant, which was established in cooperation with Visteon and Dongfeng, was laid on the 17th. Dongfeng Visteon Wuhan New Factory is located in the Wuhan Economic and Technological Development Zone and covers an area of ​​138 acres. It mainly produces interior and exterior car accessories, including dashboards, sub-dashboards, door trims, bumpers and soft interior products. After the completion of the new plant, Dongfeng Visteon production capacity can be increased to an annual production capacity of 300,000 vehicles.

New opportunities for the development of China's auto parts industry

With the arrival of various international auto parts giants, bringing factories and products, they also brought their superior influence to China and once again played a role in the development of Chinese auto parts companies. It is believed that China auto parts The development of the industry will usher in an unprecedented new opportunity. China's auto parts companies will also become more strict with the arrival of the giants of parts and components, which is also a spur to China's parts and components companies. The technology, quality, and management aspects of the product will be more demanding and require a high standard and high demand. It will also be a great improvement.

The 11th Five-Year period is the peak period for the rapid development of parts and components after the rapid development of the entire vehicle. The increase in vehicle production, the increase in vehicle ownership, and the ever-increasing Chinese overseas markets for parts and components have all brought opportunities for the development of parts and components in China.

The fierce competition in the entire vehicle market has forced vehicle manufacturers to adjust their strategic partnerships with parts factories. While reducing purchase prices, they have also reduced their costs by increasing and deepening localization rates, increasing domestic procurement, and other channels. The expansion of parts and components plants will bring opportunities;

Global buyers target China and shift to a cost-conscious Chinese parts market.