Auto Parts Market

Domestically-made parts are mainly used in self-owned brand cars, and the market share is low. According to data from the Ministry of Commerce, foreign capital controls most of the market share of auto parts. The sales revenue of domestic parts and components only accounts for 20%-25% of the entire industry. Foreign-funded auto parts manufacturers account for more than 75% of the entire industry. Among these foreign-funded suppliers, sole proprietorships account for 55%, and Sino-foreign joint ventures account for 45%. Local parts are mainly used in self-owned brand cars and have a low market share. In the high-tech fields such as automotive electronics and engine parts, the market share of foreign capital is as high as 90%. Among them, the output of core components such as electronic injection systems, engine management systems, ABS and airbags, automatic transmissions, etc. The proportions are 100%, 100% and 91%, 69% respectively.