AUTO PARTS

Auto parts as the basis for the automotive industry, is supporting the sustained and healthy development of automobile industry imperatives. Particularly in the present auto industry is vigorous, vigorously carried out in self-development and innovation, but also needs a strong support system as spare parts. Vehicle brands and technology innovation need to be based on components, parts of the vehicle independent innovative and have a strong impetus to the development of industries, they are interactive, interaction, there is no vehicle of its own brand, a strong system spare parts R & D innovation difficult to burst, without a strong support system, spare parts, forcing their own brand to do masterpiece unsustainable.

2007 from January to November, China’s total auto parts and accessories manufacturing enterprises in total industrial output value of 683,525,503 thousand dollars, compared with a year earlier, an increase of 37.34%; to achieve total sales revenue of 663,529,269 thousand dollars compared with an increase of 37.45% over the same period last year; to achieve cumulative total profit of 48,487,363 thousand dollars, compared with an increase of 68.61% over the same period last year; as of the end of November 2007, industry-wide number of enterprises above designated size for 7171.

2008 from January to November, China’s auto parts and accessories manufacturing industry realized total industrial output value of 865,835,708 thousand dollars, compared with a year earlier, an increase of 25.62%; to achieve total sales revenue of 837,913,601 thousand dollars, over the same period the previous year an increase of 24.12%; to achieve cumulative total profit of 53,876,595 thousand dollars, compared with an increase of 15.92% over the same period last year; as of the end of November 2008, industry-wide number of enterprises above designated size for 8303.

2009 from January to August, China’s auto parts and accessories manufacturing industry realized main business income 710,452,502,000 yuan, the total cumulative profit of 45,514,061,000 yuan, industry revenues and profits a year earlier, the relative both growth and profitability will remain at previous year’s level.

By the financial crisis triggered by the global economic shocks, China’s auto parts enterprises in the short term recession is inevitable, but in the long run, China’s auto parts enterprises still have a comparative advantage, there are still plenty of room for development. China’s huge auto parts auto consumer demand will be a tremendous development of the industry leading role. An excellent investment environment for the development of automotive parts industry has brought a good development prospects, with the slump in the international auto market, auto industry, existing infrastructure and the manufacturing sector is strong in the automotive parts industry, the potential advantages of the development of . China has gradually become a global automotive vehicle and parts giant, the focus of the layout, which will be the development of China’s auto parts industry, to bring sustainable, good opportunities for development.

Auto parts manufacturers from the automobile spare parts enterprises, and the formation of specialized groups, is becoming a trend towards globalization. Internationally renowned automobile and auto parts businesses, almost all of China has established joint ventures or wholly-owned enterprises, the introduction of technology, joint ventures more than 1,000. National group of high-tech, effective, large-scale automobile and auto parts enterprises to gradually grow up. With the introduction of the international automotive industry parts and components “globalization procurement” strategy and international multinational auto companies implement localization strategy, the domestic market will see a huge gap in parts accessories. Is expected in 2010, China’s domestic auto parts production will reach 7000 billion yuan.

The end of 2009, to Liuzhou as a leader, radiation Guilin, Nanning, Guangxi Yulin auto parts industry cluster was officially launched. The industry cluster to develop a new, new energy vehicles and engines as a breakthrough, cultivating their own brand, co-developing technologies to break through the bottleneck to form a new competitive advantage. As in recent years, Changchun, Jilin, Hubei Shiyan, Wuhu, Anhui, Guangdong Huadu, Tianjin and Hebei Bohai Economic Circle and other auto components industry base of the rapid rise of China has been basically formed the northeast, Beijing and Tianjin, central, southwest, Yangtze River Delta, the concentration of the Pearl River Delta region in six major parts.