Industry insiders estimate that China’s auto parts output will exceed 1.4 trillion yuan this year

The relevant person in charge of the Organizing Committee of the China International Auto Parts Expo of the Ministry of Commerce stated in an exclusive interview with reporters on February 2 that in 2010, China’s total vehicle sales volume will likely exceed the scale of 15 million vehicles, and the total production value of parts and components will reach 1.4. More than one trillion yuan.

The person in charge said that China's auto industry has been developing at an average rate of more than 20% in the past five years, and it has now become the world's largest automobile production and consumption country. The development of the automotive industry provides a huge market space for the development of auto parts companies. However, we must also see that behind such a huge market and consumption potential, the overall strength of Chinese parts and components companies is still weak, and the situation of “scattered, disordered, and poor” needs to be changed. At the same time, many multinational parts and components companies such as Bosch, Denso, Delphi, Visteon, Continental Group, etc. are continuously increasing their pace of expansion in China and seizing the Chinese auto parts market.

He said that in the process of China's auto industry from big to strong, in addition to the need for independent branded vehicles to carry out technological innovation, resource integration, and complementary advantages, many parts and components companies need to strengthen management and upgrade core technology research and development levels. The scale effect, in this regard is to respond to the demand of OE (car manufacturers), but also to win more competition in the expanding automotive aftermarket.

It is reported that in order to comprehensively demonstrate the overall level and development trend of China's auto parts industry, establish a brand image, and promote new markets, new channels and product development at home and abroad, the Ministry of Commerce will be at the China International Exhibition in Beijing from September 25 to September 27, 2010. The center holds the 4th China International Auto Parts Expo. This is the only national-level auto parts display and trading platform in China. It is expected that more than 50,000 domestic and foreign professional visitors will come to visit and purchase.

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