Findings on the improvement of China's Auto Parts business

Held by a famed and expert e-commerce platform called Gasgoo, the performance about "the top 100 of the most competitive automotive part suppliers in 2010" conducted a total diagnosis on competition situation of China's auto parts industry. This performance was designed to characterize store improvement and changes in China's auto parts industry, and explore some suppliers who have long-term competitiveness in this relatively complicated market.

The most leading highlight of this performance was that there was an total involvement of auto parts buyers. There was a total of more than 3,000 Chinese and foreign hosts as well as purchasing and technical experts complicated in the selection. And more than three hundred procurement and technology executives became judges in the final phase. After a detailed investigation, the organizers summarized five major findings on the improvement of this industry.

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Firstly, when compared to the vehicle, the technical level of China's auto parts is more close to the international advanced level. To some extent, it is due to the efforts and contributions made by the multinational auto parts clubs in China. And compared with multinational automobile companies, they invest more in the study and development. They set up more than 100 technical centers, established specialized R & D teams, trained technical personnel, and advanced the new technology according to the needs of automobile enterprises.

Secondly, in the newest five years, the total improvement of China's domestic clubs is faster than that of multinational enterprises in China. And those domestic auto parts clubs have greater opportunities for improvement in the next five years. This situation is generally resulted from the following three reasons. One is that the rapid improvement of China's local brands of vehicles plays a considerably leading role in the parts and components enterprises in China. The second is that the global sourcing in the international store has greatly improved the improvement of China's local parts enterprises in the first two years. The third one is that the international automobile clubs start the localization development, and the purchasing system requires more efforts on the improvement of the local parts enterprises.

Thirdly, in next five years, this field will gradually accelerates the pace of integration. And improving the competitiveness is the crucial element for the survival and improvement of the component companies.

Fourthly, the Chinese government makes the greatest attempt to promote the new vigor vehicles at a worldwide level, in particular the improvement of electric vehicles. This part will bring a lot of improvement opportunities to the automotive electrical and electronic parts industries.

Fifthly, a large whole of primary Chinese auto parts enterprises need to re-evoke the entrepreneurs' spirit.

Findings on the improvement of China's Auto Parts business

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