Guangzhou auto parts industry has great potential

Elites from national auto parts companies gathered in Guangzhou Tower recently to participate in the Guangzhou Automobile and Parts Development Promotion Conference organized by Guangzhou Municipal Bureau of Foreign Trade and Economic Cooperation and China Auto Parts Industry (Group) Company, seeking opportunities for investment in Guangzhou for common development. .

According to Xiao Zhenyu, director of the Guangzhou Municipal Bureau of Foreign Trade and Economic Cooperation, at present, both the sedan production and the vehicle export volume in Guangzhou account for one-tenth of the country's total. In the first three quarters of this year, despite the international financial crisis, Guangzhou’s sedan production still reached 781,200 units. , a year-on-year increase of 19.2%. The total output value of the automobile industry reached 157.301 billion yuan, a year-on-year increase of 23.4%; of which the output value of auto parts was 36.064 billion yuan, a year-on-year increase of 29.7%.

Xiao Zhenyu said: “As one of the pillar industries in Guangzhou, we have no reason not to develop the auto parts industry according to the laws of the auto industry development!” he said, generally speaking, the ratio of vehicles to auto parts industry can reach 1 : 1.7, but the current ratio of Guangzhou's entire vehicle and auto parts industry is only 1:0.3. It is still far from being able to form an independent industry. However, this shows that its future potential is huge. The general auto parts industry is located within 100 kilometers of the vehicle production center. The automobile industry base in Guangzhou is very good, so Guangzhou has a great potential for the development of the parts and components industry.

It is reported that Guangzhou is a “national auto and auto parts export base” with a planned area of ​​about 125 square kilometers and is one of the largest cities in the country's auto industry base. It is composed of three major automotive plates in the east, south and north. The Guangzhou Municipal Bureau of Foreign Trade and Economic Cooperation proposed in its "Opinions on Accelerating the Construction of National Automobile and Component Export Bases in the City" that by 2010, the annual production capacity of Guangzhou auto vehicles will reach 1.3 million, and the total output value of the auto industry will reach 300 billion yuan. Automobile and auto parts exports reached 1.8 billion U.S. dollars, and more than 5 auto and auto parts enterprises had exported more than 100 million U.S. dollars. With the continuous launch of new vehicle projects and new models, the demand for parts and components in the Guangzhou automobile industry is also more urgent.

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