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Current market situation of China's auto parts industry

  • Categories:Industry news
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  • Time of issue:2021-08-30
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(Summary description)China's auto parts industry has entered a high-quality development stage, and industrial transformation is imminent
As the foundation of the development of the automobile industry, the auto parts industry has become a solid support to help China's independent automobile industry become bigger, stronger and better. Over the past 60 years, China's auto parts industry has been growing. With the joint venture and cooperation promoted by reform and opening up, and the market dividends brought by the explosive growth of domestic production and sales, it has achieved leapfrog development. The industry has entered a high-quality development stage, and the transformation of the parts industry is imminent.
1. Chinese auto sales slow down
After nearly two decades of development, China's auto industry has shifted from a high-speed growth stage to a high-quality development stage. The growth rate of China's auto sales showed a precipitous decline in 2010, and the growth rate of sales in subsequent years failed to rebound. In 2018, affected by the overall cold of the macro environment, the global auto industry was affected to varying degrees, and the growth rate of China's auto sales showed negative growth. As of August 2019, China's auto sales reached 16.104 million, a year-on-year decrease of 6.94%.

Current market situation of China's auto parts industry

(Summary description)China's auto parts industry has entered a high-quality development stage, and industrial transformation is imminent
As the foundation of the development of the automobile industry, the auto parts industry has become a solid support to help China's independent automobile industry become bigger, stronger and better. Over the past 60 years, China's auto parts industry has been growing. With the joint venture and cooperation promoted by reform and opening up, and the market dividends brought by the explosive growth of domestic production and sales, it has achieved leapfrog development. The industry has entered a high-quality development stage, and the transformation of the parts industry is imminent.
1. Chinese auto sales slow down
After nearly two decades of development, China's auto industry has shifted from a high-speed growth stage to a high-quality development stage. The growth rate of China's auto sales showed a precipitous decline in 2010, and the growth rate of sales in subsequent years failed to rebound. In 2018, affected by the overall cold of the macro environment, the global auto industry was affected to varying degrees, and the growth rate of China's auto sales showed negative growth. As of August 2019, China's auto sales reached 16.104 million, a year-on-year decrease of 6.94%.

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2021-08-30
  • Views:0

China's auto parts industry has entered a high-quality development stage, and industrial transformation is imminent
As the foundation of the development of the automobile industry, the auto parts industry has become a solid support to help China's independent automobile industry become bigger, stronger and better. Over the past 60 years, China's auto parts industry has been growing. With the joint venture and cooperation promoted by reform and opening up, and the market dividends brought by the explosive growth of domestic production and sales, it has achieved leapfrog development. The industry has entered a high-quality development stage, and the transformation of the parts industry is imminent.
1. Chinese auto sales slow down
After nearly two decades of development, China's auto industry has shifted from a high-speed growth stage to a high-quality development stage. The growth rate of China's auto sales showed a precipitous decline in 2010, and the growth rate of sales in subsequent years failed to rebound. In 2018, affected by the overall cold of the macro environment, the global auto industry was affected to varying degrees, and the growth rate of China's auto sales showed negative growth. As of August 2019, China's auto sales reached 16.104 million, a year-on-year decrease of 6.94%.

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