At Automechanika Shanghai 2023 held recently, Messe Frankfurt (Hong Kong)** General Manager Eddie Chow said that with the technological transformation and development of new energy vehicles and intelligent networked vehicles** chain-related fields, the transformation and upgrading of auto parts and aftermarket is accelerating, and the global automotive industry is focusing more on China to explore the growing potential market share and huge business opportunities. At the National Exhibition and Convention Center in Shanghai, the 18th Shanghai International Auto Parts, Maintenance, Testing and Diagnostic Equipment and Service Supplies Exhibition (Automechanika Shanghai 2023) with the theme of "Technological Innovation, Driving the Future" used an exhibition area of 300,000 square meters and more than 5,600 domestic and foreign enterprises participated in the exhibition.
With the continuous improvement of auto parts manufacturing level and the development of new energy vehicles, China's auto parts industry has also achieved rapid development. In 2021, the revenue scale of China's auto parts manufacturing enterprises was 4,066.8 billion yuan, a year-on-year increase of 12%, about 4,195.3 billion yuan in 2022, and is expected to further increase to 4,408.6 billion yuan in 2023. According to customs statistics, in the first 10 months of this year, China exported 11 mechanical and electrical products43 trillion yuan, an increase of 28%, accounting for 58% of the total export value5%。Among them, 5824 were exported from automobiles300 million yuan, an increase of 885%。The sustained and rapid growth of China's auto foreign trade has led to the growth of auto parts - in the first 10 months, auto parts exports reached about 448900 million yuan, an increase of 14 percent year-on-year45%。Chinese automakers accounted for 35% of the global market share in October, and the cumulative share in the first 10 months was 33%.
According to information from the Ministry of Industry and Information Technology, the global automotive industry is accelerating the transformation of intelligent electrification, and has opened the innovation valve, promoting Sino-foreign automotive cooperation and exchanges into a new stage. Moreover, with the rapid development of China's new energy and automobile industries, the investment of international automobile companies in China has also entered a new stage, from the traditional joint venture production, marketing and sales to joint research and development, chain cooperation and other aspects of deepening development. At the ceremony of the 2023 Shanghai Auto Parts Exhibition Hall, Xia Wendi, chairman of China Machinery International Cooperation Co., Ltd., said that China has always attached great importance to the development of the automobile industry, actively promoted industrial innovation, encouraged enterprises to increase R&D investment, accelerated technological transformation, and enhanced product competitiveness. At the same time, a series of policies and measures have also been introduced to provide a strong guarantee for the development of the automobile industry.
Recently, the Ministry of Commerce and other 9 departments jointly issued the "Guiding Opinions on Promoting the High-quality Development of the Automotive Aftermarket", which clarified the overall goals and main tasks of the development of the automotive aftermarket, systematically deployed to promote the high-quality development of the automotive aftermarket, and promoted the steady growth of the scale of the automotive aftermarket. The "Guiding Opinions" put forward seven policy measures, including optimizing the circulation environment of auto parts, proposing to formulate and implement the circulation standards of auto parts in the aftermarket, encouraging the development of chain management and other parts circulation models, and promoting the standardized, transparent and efficient development of auto parts circulation; Promote the quality and upgrading of automobile maintenance services, and propose to accelerate the construction of new energy vehicle maintenance technical standard system, strengthen after-sales maintenance training, develop automobile green maintenance, and improve the digital service capacity of automobile maintenance, so as to better support the development of the new energy vehicle industry and protect the rights and interests of car owners.
Driven by policy support and market demand, China's auto industry is rapidly transforming to electrification, intelligence and low-carbon, which not only gives birth to the formation of a new industrial chain and ecosystem, but also strongly promotes the auto industry to a new stage of high-quality development. China's auto parts companies have focused on the localization of core components, and have carried out a lot of research and development in automotive electronic systems, automotive semiconductor chips and engines. In the past quite a long period of time, China's auto parts mainly rely on Europe, America and Japan, etc., with the continuous improvement of China's domestic auto parts industry product research and development and technological breakthrough level, the import substitution trend of domestic auto parts will become more and more obvious, the auto parts industry system has gradually improved, and gradually formed the world's largest, complete categories, complete supporting industrial system.
At present, some high-quality parts enterprises have independent supporting capabilities in the field of basic components, and gradually break the monopoly of foreign-funded enterprises in the field of core components. Especially in the past two years, a number of listed large auto parts related manufacturers have continued to be optimistic about and deepen the layout of the auto parts market, including Joyson Parts, Tuopu Group, China Great Wall, Anjie Technology, Aotejia, Huagong Technology, Baolong Technology, Deren Parts, Yinlun Co., Ltd., BDStar, etc. In the 2021 Global Top 100 Auto Parts Manufacturers list released by Automotive News, 7 Chinese companies are on the list; In 2022, 10 Chinese companies were shortlisted on the list, and China's auto parts companies have entered a period of rapid development.
Since the beginning of this year, the production and sales of automobiles and parts have grown steadily year-on-year, new energy vehicles have entered the stage of large-scale development, the export of complete vehicles and accessories has increased significantly, and the automobile and parts market has become a bright spot in China's economic recovery. In this regard, Zhang Li, general manager of China Machinery International Cooperation Co., Ltd., said that under the guidance of the "New Four Modernizations" and driven by the wave of electrification and intelligence, the automobile industry has once again ushered in technological change and industrial reshaping. The deep integration of the new generation of information technology and the automobile manufacturing industry has put forward more comprehensive requirements for the development of the automobile industry chain while broadening the upstream and downstream industrial chain.
Reporter Lu Hong.