As the basis of the automobile industry,
auto parts are the necessary factors to support the sustainable and healthy development of the automobile industry. In particular, the current auto industry is undergoing vigorous development and independent development and innovation, and it needs a strong component system to support it. The independent brand and technological innovation of the whole vehicle need parts and components as the basis. The independent innovation of the parts and components has a strong driving force for the development of the whole vehicle industry. They are mutually influential and interacting. There is no independent brand of the whole vehicle, and a powerful parts system. The R&D and innovation capability is difficult to break up. Without the support of a strong component system, the self-owned brand will be hard to sustain.
In order to reduce costs and occupy the market, many auto parts multinational companies have developed into internationalization. European auto parts manufacturers have invested overseas and internationalized production; North American auto parts manufacturers have invested in Europe and want to expand the Eastern European market; Japanese auto companies are also constantly establishing their own branch production facilities on a global scale. The emerging Asian market is the focus of competition among major auto parts multinationals, and China is a must.
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