At present, China's automobile production and sales volume has become the world's first, China's auto brand market share is also gradually increased. China's auto industry in 2016 annual production and sales of 2811.88,280.282 million vehicles, respectively, compared with 2015 growth of 14.46%, 13.65%.

At present in the field of commercial vehicles, the market is basically occupied by its own brand; in the field of passenger cars, due to the individual needs of consumers, foreign brands, joint venture brand is still the mainstream market, but independent brand share is gradually improved.

After 2000, China's domestic auto industry has also been rapid development, resulting in such as the Great Wall, Chery, Geely this has a certain size of the domestic vehicle manufacturing enterprises. Local auto companies in the domestic brand recognition degree of continuous improvement, not only in domestic production steady growth, but also to speed up the pace of overseas expansion, such as the Great Wall Motor has been established in more than a dozen countries, Chery in Brazil to establish a vehicle factory. The expansion of these independent brands also contributed to the domestic auto parts enterprises to overseas development. With the progress of the globalization of the automobile industry, foreign vehicle manufacturers began to purchase global auto parts, which will give the major domestic auto parts manufacturers to bring greater market opportunities.

In addition, with the rapid development of the automotive industry, auto parts industry has become the focus of economic development around. Parts and components through the cooperation with the vehicle manufacturers to develop, and gradually enrich the product line, optimize the product structure, improve product quality, the domestic began to appear with a certain size of the auto parts enterprise groups, many provinces and cities have established parts industrial park , The basic formation of the Yangtze River Delta, the Pearl River Delta, Northeast, Beijing and Tianjin, Central China, southwest of the six parts of the concentrated area. The emergence of auto parts industry cluster, to improve the vertical extension of the industrial chain and related industries horizontal cooperation efficiency, industrial chain synergies significantly.

Challenge

Although the degree of localization of various joint ventures in the continuous improvement, but on behalf of the automotive technology level of automotive electronics parts of the localization level has been low. As of June 30, 2016, China's A shares listed on the auto parts enterprises have 82, but involving automotive electronics and electrical products produced only a dozen.

On the current domestic auto parts competitiveness of the status quo, has a more obvious three times: First, labor-intensive and raw material-intensive products, including batteries, tires, pumps, wiring harness, glass and cover, are competitive Strong parts and components, foreign control is weak, the competition is more fully; Second, to finishing and mechanical and electrical integration as the representative of the modular, systematic products, including precision castings, finishing, mechanical and electrical and industrial design Level products, in the obvious import substitution and global re-division stage, the company's growth is very clear; Third, precision control and electronic control unit-based high-tech products, including airbags, automatic transmission, electronic control unit. At present, the domestic enterprises to achieve the possibility of mass production is very small, short-term import substitution to achieve a smaller opportunity.

In the automotive industry, the rapid development of spare parts and vehicle production separation of the industry background, the development of parts enterprises face good opportunities. But in general, the domestic auto parts enterprise technology level is still low, can not meet the domestic auto industry to enhance the technical requirements. In the high-end automotive electronic components also mainly for foreign investment or joint venture parts and components of the monopoly.

The large scale of the domestic automobile market, an important component of the import substitution is often to the growth of parts and components enterprises to bring a lot of revenue and profit increment, with key components of innovation and technological breakthroughs to achieve the parts and components enterprises will Is the future of the automotive sector has the potential to invest the subject.