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Four development trends of the auto parts industry

Hits:Updated:2020-01-11 17:01:43【Print】

     The global automotive industry, which has a century of history, is undergoing a period of great changes in various technologies and innovative applications. New energy, intelligent interconnection and autonomous driving have become the main trends for the future development of the automotive industry. The global automotive industry is undergoing all-round changes and innovations, ushered in unprecedented opportunities and challenges, and the individual components that make up the car are the basic carriers leading its change and innovation.

 
       Looking at the current auto parts industry, there are four major development trends:
 
① Globalization of procurement
 
       In the context of global integration, in the face of increasingly fierce competition, in order to reduce costs, the world's major automobile companies have gradually reduced the self-made rate of auto parts while expanding production scale, and adopted a global procurement strategy for parts. At the same time, in order to gain greater benefits, international component suppliers have reduced or even stopped the production of some of their non-competitive products, and instead sourced products with comparative advantages worldwide.
 
②System supporting and modular supply are gradually emerging
 
       Increasingly fierce market competition has forced OEMs to shift from purchasing individual components to purchasing entire systems. This change will not only help OEMs to take full advantage of the professional advantages of component companies, but also simplify the product matching process and shorten the development cycle of new products. As system suppliers become more and more deeply involved in the R & D, design, and production processes of new products by vehicle manufacturers, their technical and economic strength is gradually becoming stronger. The system matching has given birth to the modular supply of component companies. In the modular supply, component companies assume more new product and new technology development work. Vehicle manufacturers are increasingly relying on component companies in product and technology. Component companies are playing an increasingly important role in the automotive industry.
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