Auto Parts Industry at china
Benefitting from the rapid development of the automotive industry, China’s Auto parts industry has witnessed increasingly fast development in recent years. China’s auto parts and accessories manufacturing industry realized a total industrial output value of RMB1.0822 trillion in 2009, up 20.39% year-on-year. In Feb., 2010, the number of auto parts manufacturers above designated size (i.e. with annual sales revenue exceeding RMB 5 million) rose to 10,788, and the number of employees also exceeded two million, both were better than the year of 2009.
From the perspective of product, foreign brands mainly dominate the fields such as auto glass, auto tires and car audio. In 2009, among the top five car glass OEMs by market share, three were foreign brands; and of the top five auto tire and car audio manufacturers by original market shipment, four were foreign brands as well. However, auto engine was mainly domestically produced, and the top five auto engine manufacturers by sales were Yuchai, Dong’an Auto Engine, Weichai Power, Dongfeng Cummins and Shanghai Diesel Engine, only Dongfeng Cummins was a Sino-foreign joint venture.