Shenzhen Wudi Microelectronics Co., Ltd

The current development status and direction of China's automotive parts industry. With the development of the automotive industry, the market of China's automotive parts industry has also become popular. However, at present, China's automotive parts industry is facing issues such as exchange rate wars and inflation. To solve these problems, it is not only necessary to improve one's own technological level to increase the added value of products to resist exchange rate and inflation issues, but also to have a long-term perspective on the future, grasp the future trends of automotive parts, and fight with confidence.

At present, there are four major trends in the development of automotive parts in China: accelerated international industrial transfer, active mergers and acquisitions. At present, most domestic automotive parts companies have low sales, and compared to multinational giants with sales of tens of billions of dollars, the scale of Chinese automotive parts companies is significantly smaller. Moreover, China's manufacturing exports have always been known for being cheap. In order to effectively reduce production costs, multinational large enterprises have not only transferred production and manufacturing links to low-cost countries and regions on a large scale, but also gradually extended the scope of transfer to research and development, design, procurement, sales, and after-sales service links. The scale and level of transfer are becoming larger and higher. The quickest way for domestic component companies to gain a foothold in future international market competition is to form large-scale component enterprise groups through mergers and acquisitions. The merger and reorganization of component enterprises is more urgent than that of complete vehicles. Without the emergence of large component enterprises, costs cannot be reduced and quality cannot be improved, and the development of the entire industry will be extremely difficult. Against the backdrop of small scale, weak strength, and insufficient research and development capabilities of domestic component enterprises, if the component industry wants to develop rapidly, it must accelerate mergers and acquisitions to form a scale effect. Automotive parts enterprises actively implement systematic development, modular manufacturing, and integrated supply, and the clustering development characteristics of the automotive parts industry are obvious. From the perspective of the development process of the automotive parts industry in major automobile producing countries in the world, the development of the components industry cluster is equally important to the development of the automotive industry. To become bigger and stronger, it is necessary to develop into an industrial cluster, which is a strategic choice for the automotive parts industry. Vehicle companies are using platform strategies in product development, with systematic development, modular manufacturing, and integrated supply gradually becoming the development trend of the automotive parts industry. At the same time, the clustering development characteristics of the automotive parts industry are becoming increasingly evident.