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What are the development trends in the automotive parts industry?

1 Answers

McBlakely

07/29/25 7:40pm

The development of automotive parts can be analyzed into the following four major trends: 1. Accelerated international industrial transfer and active mergers and acquisitions: Domestic parts companies are small in scale, weak in strength, and lack R&D capabilities. In this context, if the parts industry wants to develop rapidly, it must accelerate mergers and reorganizations to form economies of scale. 2. Automotive parts companies actively implement systematic development, modular manufacturing, and integrated supply, with the cluster development of automotive parts becoming increasingly prominent: The cluster development of parts is as important as the development of the automotive industry. To grow stronger, it must develop into an industrial cluster, which is a strategic choice for the automotive parts industry. 3. Global procurement of automotive parts will become a trend, but for some time to come, China will still focus on exports and internationalization: Currently, international buyers are becoming more rational and practical in their procurement from China. They are advancing the procurement process by selecting and nurturing potential core suppliers, enhancing their own logistics integration, strengthening communication with foreign-funded factories in China to boost their export enthusiasm, diversifying procurement destinations, and comparing with other emerging markets to decide procurement locations. 4. The development of new technologies in automotive parts is the main trend: The development of new technologies in automotive parts shows the following major trends: deepening development, increased standardization and generalization of parts, higher levels of electrification and intelligence in parts, lightweight vehicles and parts becoming a future development trend, and clean and environmentally friendly technologies becoming the high ground of future industry competition.

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