Challenges for auto parts to meet opportunities Opportunity 1: High growth of the domestic auto market "In the next ten years, China's demand for automobiles will remain at an average annual growth rate of 13% -15%. Compared with the world's automotive powerhouses, China The automotive market has a relatively long period of rapid growth, this time is probably from 2009 to 2023, and the span is about 15 years. This is a good development opportunity for all domestic component companies. "China has With our own special national conditions, our income gap is larger than those of automobile powerhouses. The size of the income gap will play a crucial role in the speed of popularization of durable consumer goods. The smaller the income gap, the shorter the popularization time of durable consumer goods, and vice versa. The income gap is relatively large, which determines that the speed of the popularization of China's automobiles is relatively slow.
Therefore, China's automobile market will maintain a long period of continuous growth. It has won a relatively long development time for independent brand enterprises with relatively weak competitiveness in a certain period. Opportunity 2: Accelerate the pace of internationalization of the domestic automobile industry. "In the 12th Five-Year Plan period, the country will vigorously promote the internationalization of the automobile industry and encourage auto companies to go global. With the internationalization of automakers, China ’s autonomy will also be zero.
Component companies play a good role in pulling, "Xu Changming said. "The selling point of our automotive products is very close to the buying points of consumers who have grown rapidly in a certain period of time. In a certain period of time, the rapid growth of automobile product sales in South America and fan bracket suppliers Asia outside Japan and South Korea, And the African market is also growing rapidly. And the people in these countries are biased towards low-priced automotive products. At the same time, as the country actively promotes the internationalization of the automotive industry, China will soon be a powerful automobile country. In this context, Next, component companies will also usher in new development opportunities. Opportunity 3: The rapid development of autonomous vehicle companies "China's auto market is undergoing a new change, that is, the second- and third-tier markets, especially the third-tier market is becoming China in the future. The main growth points and support points for automobile development. Consumers in the third-tier market are not so sensitive to foreign famous cars. Instead, they value the economic applicability of cars. At the same time, due to the influence of traditional Chinese thinking, they have their own preferences for the shape of cars. In response to these characteristics, independent brand cars are among them Has development advantages. "With the gradual growth of domestic independent brand enterprises, it will also promote the rapid development of domestic component companies. While domestic independent brand enterprises are facing opportunities, they are also facing challenges. One of the challenges is the cost advantage of independent component companies. It is being weakened. As the prices of production factors continue to rise, the costs of independent component companies are gradually increasing. However, due to the continuous expansion of scale and the continuous advancement of research and development, wholly foreign-owned and joint-venture component enterprises have continued to reduce costs.
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