Recently, the US Auto News announced the top 100 global auto parts suppliers in 2024. Reporter statistics found that the top 100 enterprises, Japan occupied 22, the United States 18, Germany 16, China 15, South Korea 10, France 4, Spain 3, Canada 3, the UK 2, Brazil, Austria, Mexico, Sweden, India, Switzerland, Ireland 1 each.
"The list not only reveals the competitive landscape in the global auto parts industry, but also profoundly reflects the new trends in the auto industry amid the electrification transformation and geopolitical challenges." Zhang Xiang, a researcher at the Automotive Industry Innovation Research Center of North China University of Technology, said that under the background of the rapid growth of the global electric vehicle market, parts suppliers have increased their investment in the field of electric vehicles to seize market share, which gives suppliers focusing on new energy vehicle parts better development opportunities.
In fact, with the rapid development of China's automobile industry and the continuous progress of new energy vehicle technology, the number of Chinese parts companies on the "top 100 list" is increasing. From 2020 to 2024, this number is 7,8,10,13 and 15, respectively.
"From this change, we can see that the business of Chinese parts enterprises is continuing to expand, which is consistent with the trend of 'China gradually leading the smart electric transformation of the global automobile industry'. This year, the addition of new-faces, such as Guoxuan and Sanhua Auto, has added new vitality to China's auto parts industry." Zhang Xiang analysis said.
While more new players in Chinese components joined the list, Chinese power battery giant CATL climbed again, rising from fifth place last year to fourth place this year, behind Robert Bosch, ZF Friedrichshafen and Magna International, highlighting China's leading position in the field of electric vehicle batteries.
The latest data released by China Automobile Power Battery Industry Innovation Alliance shows that in the first half of this year, the cumulative sales volume of domestic power battery was 318. 1 GWh, up 26. 6%; CATL ranked first with 93. 31 GWh, market share 46.38%, a year-on-year growth of 2.97%.
"Whether it is lithium iron phosphate battery or ternary lithium battery, whether it is passenger car market or commercial vehicle market, CATL has shown a strong competitiveness. "Auto industry analyst Sun Wei believes that the current domestic market of new energy passenger vehicles, commercial vehicles in the market still maintains the momentum of growth, and CATL in multiple market segments, is also expected to make its" leading advantage " to further consolidate and improve.
"Looking at the global parts ranking list, we can see that the parts industry pattern is quietly changing. "Zhang Xiang said," Emerging businesses are going up, while traditional businesses are on the decline. In the automobile industry, the proportion of electric, intelligent, networked and other high-tech businesses is increasing, and it is becoming an important engine for enterprise performance improvement.”
This year's new list of the Gotion High-tech and Sanhua Automotive is the best example. The reporter learned that thanks to the investment of Volkswagen Group and the wide recognition of the market, Gotion High-tech is developing rapidly in recent years, in the domestic and overseas markets, through rapid expansion and technological innovation, has achieved rapid growth of revenue. The latest data show that in 2023, the revenue of Gotion High-tech increased by 37% year-on-year to reach 31.6 billion yuan, and most of which came from the auto sector.
Sanhua Automotive is committed to multi-level research and development and service. With the rapid development of the global new energy vehicle market, Sanhua Automotive grabs the market opportunities and actively invests in the deep cultivation and production of new energy vehicle parts.
"With the technical accumulation in the field of new energy vehicle thermal management system and high-performance parts products in air conditioning, power, battery thermal management and other aspects, Sanhua Automotive has become an expert in the pursuit of excellent automotive thermal management, and has made a positive contribution to the development of the global new energy vehicle industry." Sanhua Automotive brand responsible person said.
In Sun Wei's opinion, on the one hand, more and more Chinese enterprises are listed in the top 100 list, proving that China's automobile industry is constantly expanding and improving; on the other hand, the "hundred flowers bloom" of Japan, the United States, Germany, Korea, France and other countries shows that the potential of global automobile industry cooperation is still huge.
"While the electrification transformation has brought unprecedented opportunities for component suppliers, the challenges also cannot be ignored. "Zhang Xiang warned that" geopolitical uncertainty, fluctuations in raw material prices and strict cost control requirements by vehicle manufacturers have put great pressure on suppliers.”
Reporters noted that in May, Ford sent a memorandum to its electric vehicle parts suppliers to work together to reduce vehicle production costs to support the company's electric vehicle business to become profitable.Stellantis Group CEO Tang Weishi has even proposed to abandon some parts suppliers and produce their own auto parts, so as to reduce the high cost of electric transformation.
Facing the complex and changeable and competitive market environment, parts suppliers have increased their investment in technological innovation and research and development. Take Infineon, for example, which has achieved rapid growth with its extensive applications in advanced driver assistance systems, inverters and battery management systems. Infineon's sales to global automakers reached $9.5 billion in 2023, ranking 33rd in the top 100.
"In general, the 2024 Top 100 Global Auto Parts Suppliers list not only reveals the competitive pattern and development trend of the global auto parts industry, but also provides us with a window to observe the industry change. "Zhang Xiang said bluntly," On the big stage of the auto industry, it is never a 'solo show' for oems. Only through technological innovation, continuous practice of supply chain adjustment and localization strategy, incubation and cultivation of more excellent auto parts suppliers, can we better respond to the real-time changes and challenges of the market, and maintain sufficient competitiveness in the global auto industry.”
Source: China Youth Daily
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