Chinese Auto Parts Companies Accelerate Internationalization, Actively Participating in Global Market Competition

Shanghai, September 1, 2024 - With the rapid development of China's automotive industry, more and more local parts companies are entering the international market and participating in the competition of the global automotive parts supply chain.

In recent years, the export value of China's auto parts has continued to grow, with products exported to many countries and regions including Europe, America, and Southeast Asia. These companies have won the recognition of customers in the international market with their cost advantages, rapid response capabilities, and continuously improving technical levels.

At the same time, in order to better meet the needs of the international market, many companies have increased investment in research and development, promoting the development of products towards high-end, intelligent, and lightweight directions. In addition, through overseas mergers and acquisitions, joint ventures and other ways, Chinese auto parts companies are also actively expanding overseas markets and enhancing their international competitiveness.