Precision Auto Parts

- Jun 29, 2018-

In the face of market competition, the Precision Auto Parts industry must accelerate the pace of industrial mergers and restructuring. Without the emergence of large parts and components companies, China’s Precision Auto Parts and components will not have the right to speak at the international level and procurement costs will not be able to come. The domestic parts and components companies are small in scale, weak in strength, and lack of R&D capabilities. Under such circumstances, if the parts and components industry wants to develop rapidly, it must speed up mergers and reorganizations to form economies of scale.

During the 11th Five-Year Plan period, mergers and acquisitions of vehicle companies provide conditions and beneficial lessons for component companies to implement industrial integration, optimization and upgrading. Component companies must assess the situation, comply with the trend and necessity of industrial development, and consciously and actively carry out various Forms of cooperation and cooperation to improve the professional, large-scale level.

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