China will cultivate a group of auto parts companies within five years

According to Bai Rongchun, Director of the Industry Planning Department of the State Economic and Trade Commission, China is developing a group of “small giant” companies that provide parts and components for automobiles at various levels, and on this basis, it will form 5 to 10 through five years of hard work. The company has strong development capabilities and competitiveness, can adapt to system support, module supply and participate in the international division of parts and components companies.
Bai Rongchun made the remarks at the 5th China Investment and Trade Symposium, when he introduced China's relevant industries to Chinese and foreign automobile and parts industry professionals.
He said that through years of efforts, China's auto parts industry has made considerable progress. At present, we have formed a batch of spare parts vanguard companies that have begun to take shape in two markets and are supporting various models. The technical level has reached or approached the international advanced level, and some key component products can basically meet the localization of imported models. Matching requirements, and began to enter the international market.
In the future, China will support and encourage qualified auto parts pioneers to take system products as a leader, use capital as a link, use social stock, optimize the structure, and develop, produce, and support systems that can meet two markets. Supporting the development of “small giants” enterprises or enterprise groups at different levels; rational division of labor, correct guidance of medium and small parts and components enterprises with various economic components, raising the level of specialization, vigorously developing key components at the second and third levels, and gradually establishing a clear division of labor The vertical multi-level organic whole supports the healthy development of China's auto industry. (Xinhua News Agency)