How has the development of domestic Petrol Car parts been in recent years?

Domestic parts are mainly used in self-branded Roewe Car, with low market share. Data from the Ministry of Commerce show that foreign capital controls the vast majority of the market share of Petrol Car parts, and domestic parts sales revenue only accounts for 20%-25% of the entire industry, Petrol Car parts manufacturers with foreign investment background account for more than 75% of the entire industry. Among these foreign-funded suppliers, wholly-owned enterprises account for 55%, and Sino-foreign joint ventures account for 45%. Local parts are mainly used in self-owned brand Roewe Car, market Occupancy is low. In high-tech fields such as Petrol Car electronics and engine parts, foreign investment has a market share of up to 90%. Among them, foreign investment accounts for 90% of the production of core components such as electronic injection systems, engine management systems, ABS, airbags, and automatic transmissions for Roewe Car. The proportions of enterprises are 100%, 100% and 91%, 69% respectively.

It is becoming a global trend for Petrol Car parts manufacturers to separate from vehicle companies and form specialized parts groups. Almost all internationally renowned Petrol Car and parts companies have established joint ventures or wholly-owned enterprises in China, and more than 1,000 joint ventures have introduced technology. A number of domestic Petrol Car and parts companies with high technological content, good efficiency, and large scale have gradually grown up. As the international Petrol Car industry begins to implement the "global procurement" strategy for parts and components and international multinational Petrol Car companies implement localization strategies, there will be a huge gap in parts and accessories in the domestic market. By 2010, the domestic output value of China's Petrol Car parts will reach about 700 billion yuan.
At a certain period, despite the overall decline of the global economy, according to the actual procurement practice in the past four to five years, the results of China's procurement are not as optimistic as predicted by a large number of companies. Almost 80% of companies have not reached their procurement volume and procurement reduction. cost target. With the appreciation of the RMB and the decline of export tax rebate rates, Chinese procurement is facing greater pressure, and international buyers have also shifted their attention to other countries and regions such as Vietnam, India, Thailand, and Australia. From the above, China's Petrol Car parts industry will still accelerate growth under the current financial crisis.