China will become the most active region for technological innovation in auto parts worldwide

Recently, the latest automobile production and sales data released by the China Association of Automobile Manufacturers show that after the macro-economic policy adjustments, purchase tax concessions, and other related promotion policy withdrawals and self-necessary adjustments, the automobile production and sales continued to grow rapidly after two years. The growth rate in the first half fell sharply. However, in the first half of the year, the cumulative production and sales of automobiles reached 9,156,000 vehicles and 9,325,200 vehicles, an increase of 2.48% and 3.35% year-on-year. The declining growth rate did not affect China’s position as the world’s largest auto market. The industry’s general impression is that the Chinese auto industry is still “large”. Not strong." However, according to a survey of more than 500 automotive professionals from more than 50 experts in the “Best Component Technology Progress Award” in Gasoline Auto 2011 “Selection” campaign, China is becoming a global automotive component. One of the most active areas for technological innovation.

In Gasgoo.com's “Selection” campaign for the Chinese auto industry in 2011, the organizing committee made a survey on the companies that participated in the “Best Technology Progress Award” and successfully entered the re-evaluation stage. The results showed that because the Chinese market has grown into the most important global In the market, global spare parts companies are increasing investment in R&D in the Chinese market. Domestic domestic parts and components companies are also increasing their investment in technology while increasing cross-border mergers and acquisitions and introducing advanced foreign technologies to the country. It continues to be the most active region for technological innovation in auto parts worldwide. Specifically embodied in the following aspects:

1. China's auto production and sales volume ranks first in the world, and the auto parts market is also attracting global auto parts giants to accelerate their investment in the Chinese market. Multinational component companies have established R&D centers in China and Asia Pacific in China, and some of their parts and components have even become their global R&D centers. The biggest reason is that a huge incremental market will inevitably bring about the prosperity of various new technologies because the market needs to see changes in technology as it grows.

2. Secondly, the rise of local automakers in China and the need for foreign automakers to be localized in the Chinese market. As a result, various new demands in the market are emerging in an endless stream. This is another important factor in the development of spare parts technology. .

3. Finally, even in the case of China's domestic parts and components companies, the technological progress in recent years has been quite alarming. The technology gap between 30% of products with long technology renewal cycles and foreign capital is narrowing. With the acquisition of foreign companies by these local parts and components companies and the introduction of their advanced technologies into China, local parts companies are playing an increasingly important role in the technological advancement and innovation of Chinese auto parts.

The parts and components industry is the foundation of the automobile industry. To become a powerful automobile country, we must first ensure the steady progress of the parts and components industry. In China, the auto market has developed rapidly. However, due to the relatively high degree of market openness, competition among companies is fierce, and technological progress has always been a strong guarantee for the competitiveness of auto parts companies and sustainable development. Therefore, this "Selection" campaign "Best Technology Progress Award" aims to select a group of leading companies in technology for reference by other companies, promote the healthy development of the parts and components industry, and actively promote the automotive industry from large to strong The transformation.