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China's shortcuts in automobile manufacturing industry


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China's shortcuts in automobile manufacturing industry

Over the past nine years, China has become the world's largest automobile market and producer, with annual production and sales exceeding 25 million vehicles. China's automotive industry has also been the world's largest automotive industry in just a few years, driven by the huge domestic demand of the Chinese market. But there is not a strong enough component system to support the development of China's automobile industry. In March this year, the 2017 Top 100 list of global auto parts suppliers was officially unveiled. Unsurprisingly, Germany's Bosch Group continued to rank first with more than $46 billion in revenue, while German gearbox supplier Zeiff rose to second. From the third to the tenth ranking of parts companies are Magna, electronics, mainland, Aixin, modern Mobius, Virginia, Lear.

In this ranking, China's highest ranking of parts companies is Yanfeng automotive interior system, followed by CITIC Deka ranked 71. And the selected parts enterprises are mainly single components. Feilong Jiangli supply water pumps for car plants.

In contrast, there is no comprehensive automobile parts supplier in China's automobile industry.

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