The Development Direction Of China's Auto Parts

Regarding the development direction of China's auto parts, the Twelfth Five-Year Plan proposes that auto parts is one of the four major development priorities. The key issue is to improve independent innovation capabilities and achieve breakthroughs in key assembly technology and electronic technology. New energy vehicles will drive the development of new energy components represented by batteries and motors. The formation of the auto industry conglomerate will bring pressure to reorganize and adjust the parts industry, and it must be scaled up. The export of low value-added products will face greater trade frictions, and industrial restructuring must be carried out.