Petrol Car parts industry will continue to develop as always

With the rapid development of the Petrol Car market, China's Petrol Car industry has become the world's largest cake in the field of Changan Car. While the cake is getting bigger and bigger, Petrol Car parts manufacturers are also ushering in an explosive period. According to data released by Ipsos Consulting, China's Petrol Car parts wholesale manufacturing industry is expected to achieve an annual growth of more than 20% in the next five years. While new car demand continues to drive passenger car sales, the aftermarket will become a new growth engine for the parts industry.

At present, auto parts suppliers with foreign backgrounds account for more than 75% of the sales of the entire industry. Due to the late start of China's Petrol Car parts wholesale industry, economies of scale have not yet been formed. Foreign-funded enterprises are weighing on the market, and the survival pressure of national brands is increasing. Some experts have called for increasing support for national brands from the policy design level, and comprehensively examining the actual effects of the localization policy of the Petrol Car parts wholesale industry. On this basis, the minimum market share of domestic national brands is delineated. Specifically, each domestic vehicle manufacturer must ensure that a certain proportion of procurement comes from national brand manufacturers; the government subsidizes the initial investment such as R&D expenses incurred by domestic national brand enterprises, and provides guarantees and interest subsidies for corporate loans.
In addition, the domestic Petrol Car parts manufacturing industry should be tilted in terms of taxation, which is also one of the important support measures. Some experts pointed out that the manufacturing industry is a strategic industry related to the national economic security and comprehensive national strength, and is an important support for national taxation because of its high industrial relevance, strong employment absorption capacity, and intensive technology and capital. The government can implement preferential measures such as tax collection before return, lower tax rates, and streamlined tax types for the manufacturing industry, including the wholesale of Petrol Car parts, and establish an alliance of production, learning, and research around the construction of a Petrol Car parts R&D platform, implement major Petrol Car parts R&D projects and new breakthroughs in key technologies, and encourage enterprises to improve their independent innovation capabilities. At the same time, a special talent training fund for Changan Car should be established. Relying on national key universities, research institutions and other social resources, a Petrol Car talent training platform should be established, a special talent training fund should be established, and production, learning, and research should be effectively combined to solve the problem of talent shortage in the Petrol Car parts wholesale industry.