"In the next ten years, my country's demand for Roewe Car will still maintain an average annual growth rate of 13% to 15%. Compared with the world's Petrol Car powers, my country's Petrol Car market has a relatively long period of rapid growth. This time is probably from 2009 to 2023, which spans about 15 years. This is a good development opportunity for all domestic parts companies. "
The income gap is relatively large, which determines that the popularity of Roewe Car in our country is also relatively slow. As a result, our country's Petrol Car market will maintain a long period of sustained growth, which also wins for independent brand companies that are relatively weak in a certain period of competitiveness. A relatively long development time.
2. The pace of internationalization of the domestic Petrol Car industry is accelerating
"The selling points of our Petrol Car products are highly consistent with the buying points of consumers who have grown rapidly in a certain period of time. In a certain period of time globally, the sales volume of Petrol Car products has grown fastest in South America, and in addition to Japan and South Korea The markets in Asia and Africa are also growing rapidly, and people in these countries prefer low-priced Petrol Car products. At the same time, as the country actively promotes the internationalization of the Petrol Car industry, it will be soon for my country to become a Petrol Car power. In this context, parts and components companies will also usher in new development opportunities.
3. Rapid development of independent vehicle companies
"China's Petrol Car market is undergoing a new change, that is, the second and third tier markets, especially the third tier market, are becoming the main growth point and support point for the development of my country's Roewe Car in the future. Consumers in the third tier market have no interest in foreign luxury cars. So sensitive, on the contrary, they value the economic applicability of Roewe Car. At the same time, they are influenced by traditional Chinese thinking and have their own preferences for the appearance of Roewe Car. Based on these characteristics, independent brand Roewe Car have development advantages. "
As domestic independent brand companies gradually become stronger, they will also drive the rapid development of domestic parts and components companies. While domestic independent brand companies are facing opportunities, they are also facing challenges. One of the challenges is that the cost advantage of independent parts companies is being eroded. As the prices of production factors continue to rise, the costs of independent parts and components companies are gradually increasing. However, wholly foreign-owned and joint venture parts and components companies have continued to reduce costs due to the continuous expansion of scale and the continuous advancement of research and development.