China's Auto Part Industry Report
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July 2nd, 2008
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Together with the development of China's economy, relatively rapid growth has been maintained in China's auto part market in the recent years. Currently, there are about 5 000 large part enterprises in China, whereas 15% of these enterprises get a monthly profit of 50 million yuan. Part cost takes up over 70% of the total auto cost; therefore, the development of auto part industry directly influence the automotive industry development. Only continuously increase in auto part sales revenue certainly car a boom in China's automotive industry be ensured. Auto part, as a subbranch of automobile industry, contributes a lot to the development of China's auto industry.
After entry into WTO, China's automotive industry encounters quite a lot global impact, as foreign auto part manufacturers are attracted by the broad market in China and accelerate their steps into China's market. At present, foreign invested auto part enterprises have accounted over 500 in China. A market share from transnational part manufacturers has exceeded 20%. Facing such fiercely completion, China's auto part industry is in urgent need of improving the backward situation of small scale and low concentricity.
Categories: Automobiles
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