DomesticDongguan Precision CastingParts and components are mainly used in self-owned brand cars, and the market share is low. According to data from the Ministry of Commerce, foreign capital controls most of the market share of auto parts, and the sales revenue of domestic parts and components only accounts for 20%-25% of the entire industry. Background auto parts manufacturers account for more than 75% of the entire industry. Among these foreign-funded suppliers, sole proprietorships account for 55%, and Sino-foreign joint ventures account for 45%. Local parts are mainly used in self-owned brand cars, and the market share is low. In the high-tech fields such as automotive electronics and engine parts, the market share of foreign capital is as high as 90%. Among them, the output of core components such as electronic injection systems, engine management systems, ABS and airbags, automatic transmissions, etc. The proportions are 100%, 100% and 91%, 69% respectively.
It is becoming a global trend for auto parts manufacturers to break away from vehicle companies and form specialized parts groups. Almost all internationally renowned automobile and parts companies have established joint ventures or wholly-owned enterprises in China, and more than 1,000 technological joint ventures have been introduced. A number of domestic auto and parts companies with high technology content, good efficiency and large scale have gradually grown up. As the international automobile industry begins to implement the "global procurement" strategy of parts and components and the international multinational automobile companies implement the localization strategy, there will be a huge gap in parts and accessories in the domestic market. By 2010, the domestic output value of China's auto parts will reach around 700 billion yuan.
In a certain period of time, despite the overall global economic decline, according to actual procurement practices in the past four to five years, the results of Chinese procurement are not as optimistic as a large number of companies predicted. Almost 80% of companies have not reached their procurement volume and procurement decline. Cost target. With the appreciation of the renminbi and the decline in export tax rebate rates, China's procurement is facing greater pressure, and international buyers have simultaneously shifted their sights to other countries and regions such as Vietnam, India, Thailand, and Australia. From the above, China’sGuangdong Stainless Steel CastingThe auto parts industry will continue to accelerate growth under the current financial crisis.