Parts industry needs stronger and bigger
Xu Changming, but also pointed out that the domestic vehicle market has ten years of thorough development, which will drive the development of components. First of all, by 2020, domestic passenger car market will remain range of rapid development, the growth rate of GDP growth rate about 1.5 times, for their own brands to provide sufficient space for development. Secondly, the vehicle exports will remain a good long-term trends, which will bring the international market hoe case. Third, second and third tier cities in the future to accelerate the transfer market, especially third-tier cities will become a major growth point.
Insiders pointed out that the situation is grim situation in the automobile market, these opportunities will become the vehicle of limited competition for the cake business, and the stronger automobile companies and parts manufacturers in the competition of the more obvious advantages.
Xu Changming, that there is no strong independent parts companies have no strong vehicle business. Autonomous vehicle must clearly be a strong match strong independent parts, the first big, do it strong.
As a group of several parts enterprises, must play the Group's overall strength, including increased R & D investment, including taking a series of measures to expand parts business.
Recently, the aircraft industry vehicles, the official Beijing Yizhuang international joint acquisition of resistance to Shite Automotive Systems, the company's China headquarters in Beijing, also settled. This is China's auto parts industry, the biggest overseas acquisitions, but also between China and the largest auto parts acquisition.
This acquisition shows that the integration of parts enterprises in China and the shuffle has already begun. An industry source said the global parts have been fully competitive market, but is in transition, China's auto parts market competition is still not sufficient. Parts enterprises in China within the next five years will be more intense competition, shuffling pace will accelerate.