Overview of the Development of the Automotive Parts Industry

There are many types of automotive components. From the perspective of automotive components, automotive components can be divided into engine components, transmission system components, steering system components, braking system components, driving system components, etc. The automobile industry has become an important pillar industry in China's national economy. As the upstream of the automotive industry, the automotive parts industry provides corresponding component products for the automotive manufacturing industry, which is an important foundation for the sustainable and healthy development of the automotive industry and an important cornerstone of the "Automotive Power Strategy".
With the expansion of China's automobile market, the rapid growth of global procurement, and the increasingly clear division of labor in the industry, China's automobile parts industry is growing rapidly, the industrial supply system is gradually improving, the manufacturing level and income scale are constantly increasing, forming the world's largest industrial system with complete product categories and complete supporting facilities.