With the development of China's new energy vehicle industry, the vehicle system has changed from closed to open, and at the same time, the acceleration of electrification and intelligence has greatly improved the value of the corresponding parts and components. From the perspective of volume and price, the growth logic of auto parts manufacturers is very clear, and the performance generally exceeds expectations, and this trend is expected to continue.
1.China's auto parts market has a huge market space.
In recent years, China's automobile industry has developed rapidly and has a large market space. According to the statistics of the Ministry of Public Security, from the end of 2008 to the end of 2021, the number of civilian vehicles in China increased from 64.67 million to 301.51 million, with a compound annual growth rate of 1257%。The growth of car ownership has driven the demand for spare parts in China's automobile after-sales service market, and the market space is large.
2.Auto parts will be gradually replaced by domestic imports.
With the increasing cooperation between domestic parts manufacturers and OEMs and large multinational parts enterprises, China's parts enterprises have begun to have mature synchronous development capabilities and independent research and development technologies.
With technological innovation, China's domestic parts supporting system is gradually in line with the world, and China's auto parts industry will still maintain a good development trend. By 2028, the main business income of China's auto parts industry will exceed 48 trillion yuan.
Below I have also selected six companies worth paying attention to, especially the last one, which has been included in the list of key layouts after the year.
The first, double-ring transmission.
Company Highlights: The world's largest professional gear parts R & D and manufacturing enterprise, and the leading domestic new energy vehicle gear manufacturer.
While vigorously expanding the gear business of new energy vehicles, the company will actively lay out the AMT automatic transmission gear business for commercial vehicles, and further strengthen technical reserves and production capacity improvement.
The second, Zhejiang Shibao.
Company Highlights: Many domestic automotive steering system suppliers.
Zhejiang Shibao Co., Ltd. is mainly engaged in the research and development, design, manufacturing and sales of automotive steering gears and other key components of steering systems. The company's products mainly include hydraulic power recirculating ball steering gear and steering afterburner cylinders, hydraulic power rack and pinion steering gear steering and control valves, steering knuckles, electric power steering systems and mechanical recirculating ball steering systems.
The third, Weifu Hi-Tech.
Company Highlights: Owned by Wuxi State-owned Assets Supervision and Administration Commission, it is a leading automobile exhaust purification company and a catalyst for China's own brand passenger car market.
The main business of Wuxi Weifu High-tech Group Co., Ltd. is the research and development, production and sales of core automotive parts and components. The company's main products are oil and fuel injection system products, exhaust gas after-treatment system products, air intake system products, and fuel cell core components. The company is a leading enterprise in China's internal combustion engine industry and one of the top 30 enterprises in China's first-class parts.
Fourth, Sailun tires.
Company Highlights: A leading tire enterprise, and its products sell well all over the world.
The main business of Sailun Group Co., Ltd. is the research and development, production and sales of tire products. The main products are semi-steel radial tires, all-steel radial tires, off-highway tires, retreaded tires, tread rubber, rubber powder, steel wire, tire replacement, old tire retreading, reclaimed rubber manufacturing, steel production.
The fifth: It is also the one that the little brother is optimistic about.
New energy vehicle + reducer" is the first potential stock, the leader of automotive brake system parts, and ranks first in the industry.
It is the core partner of new energy vehicles such as BYD, Chery and Huawei Automobile, and can export auto parts.
In order not to disrupt the rhythm of the main force, there is not much to say here, it is already ready to start, interested friends on the homepage to send the number three six to understand