The Top 100 Automotive Parts Selection Reveals the Development Direction of Industry Market in Recent Five Years

2010 list of the "most competitive" auto parts suppliers has been announced in Beijing recently. They are from industry associations, well-known OEMs, senior executives of primary and secondary suppliers, R&D executives, senior leaders of parts and components companies, and mainstream media. The reporter witnessed the announcement ceremony and award ceremony of the list of top 100 auto parts companies.

The “2010 Most Competitive Auto Parts Suppliers Top 100 Awards” campaign aims to reveal the development and change laws of the parts and components industry in the Chinese auto market and discover the relatively strong long-term competitiveness of the auto parts market.

Relative to the entire vehicle, the technical level of China's auto parts is closer to or reaches the international advanced level. This is to a great extent thanks to the efforts and contributions of transnational auto parts companies in China. Compared with multinational vehicle companies, MNCs for parts and components invest more in R&D in China. They have set up more than 100 technical centers, set up R&D teams specifically in the Chinese market, cultivate technical talents, and carry out technological development based on the needs of vehicle companies. In particular, auto parts companies in Europe and the United States, such as Federal-Mogul in the United States and George Fisher in Europe, have provided strong support for the rapid growth of Chinese domestic auto companies, and have also enabled the technology of Chinese auto parts industry to reach the world. Leading level.

In the next five years, the pace of integration in the auto parts sector will gradually accelerate. Enhancing the continued competitiveness is the basis for the survival and development of parts and components companies. As the growth rate of the production and sales volume of the automobile industry will gradually stabilize in the next few years, and the integration between vehicle groups will also continue, the competition between parts and components companies will become increasingly fierce. 80% of procurement executives believe that in the past five years, the procurement of spare parts has become more and more transparent, and the situation of maintaining market position by relying on various factors has become less and less. Multinational companies and local companies will move from one end of their original competitive advantage to one region, that is, local companies will strive to improve their technological level and quality management level while maintaining their cost advantage. Multinational companies need to maintain technological and quality management advantages. Under the circumstances, effectively reduce costs.

China is already the world's largest auto market and a big producer. However, if China is to become a powerful automobile country, it needs a strong support from the auto parts industry. The orientation of the wind vanes presented in the selection process of the Top 100 and the demonstration role of selected companies will contribute to the healthy development of the Chinese auto parts industry.

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