New Opportunities for Automotive Electronics into Components Industry

China is already the world's largest auto market and a big producer. However, to become a powerful automobile company, it still needs a strong auto parts industry as its support. A few days ago, the list of the "100 most competitive" auto parts suppliers was announced in 2010. The organizer Gasgoo.com survey showed that as multinational companies increase investment in China, the competitiveness of Chinese auto parts companies continues to increase, and auto electronics Electrical parts and components are opportunities for China's spare parts industry to lead the world in the future.

Compared with multinational vehicle companies, multinational parts and components companies invest more in R&D in China. The multinational companies have set up more than 100 technology centers, which specialize in establishing R&D teams in the Chinese market, cultivating technical talents, and conducting technology development according to the needs of vehicle manufacturers. In particular, auto parts companies in Europe and the United States, such as Federal-Mogul in the United States and George Fischer in Europe, have provided strong support for the rapid growth of Chinese domestic auto companies, and have also enabled the technology of Chinese auto parts industry to reach the world. Leading level.

It is expected that in the next five years, the speed of integration in the auto parts sector will gradually accelerate, and the enhancement of sustainable competitiveness will be the basis for the survival and development of parts and components companies. As the growth rate of the production and sales volume of the automobile industry will gradually stabilize in the next few years, and the integration between the vehicle groups will continue to deepen, the competition between parts and components companies will become increasingly fierce. 80% of procurement executives believe that in the past five years, the procurement of parts and components has become more transparent, and it has become less and less frequent to rely solely on various relationships to maintain market position. Multinational companies and local companies will move from one end of their original competitive advantage to one region, that is, local companies will strive to improve their technological level and quality management level while maintaining their cost advantage. Multinational companies need to maintain technological and quality management advantages. Under the circumstances, effectively reduce costs.

In addition, the Chinese government's efforts to promote the development of New Energy vehicles, especially electric vehicles, will also bring development opportunities for the automotive electronics and electrical parts industry to lead the world. With the advancement of China's electric vehicle industry, the global mainstream technology companies have brought the most advanced technologies to China, and China is most likely to have a greater say in the formulation of standards because of the extensive application of products. The joint promotion of Chinese and foreign companies will probably lead China’s automotive electronics technology to a global leader.