Overview of the Fundamentals and Development Status of the Automotive Parts Industry

The automotive parts industry is a key link in connecting upstream raw material supply with downstream vehicle manufacturing and aftermarket services. In recent years, it has shown a development trend of gradual expansion in scale, rapid technological iteration, and continuous optimization of industrial structure. The policy system has formed multidimensional support from the national to local levels, promoting technological breakthroughs and industrial upgrading. The market competition presents a pattern of coexistence of red ocean in traditional fields and high growth in the new energy track, and accelerated competition among domestic and foreign enterprises. Looking ahead, the scale of the automotive parts industry will continue to expand with the release of demand for new energy vehicle manufacturing, and the product structure will tilt towards high value-added products; Under the guidance of policy precision and regional differentiation, the industry will continue to strengthen technological innovation and product quality, accelerate the improvement of international competitiveness, and industry enterprises need to enhance their technological innovation, cost control, and international operation capabilities to seize the new round of development opportunities.