China has formed six industrial clusters
China's auto parts industry rose in the 1950s. In the initial stage, the technical level of auto parts manufacturing enterprises is relatively weak and highly dependent on vehicle manufacturers. With the rapid development of China's economy and the improvement of residents' income level, the automobile consumption market has expanded rapidly, which has laid a foundation for the rapid development of China's automobile parts industry.
The introduction of supporting industrial policies has created a good external environment for the development and growth of China's auto parts industry. At the same time, the huge potential of China's auto parts market and relatively low labor cost have attracted international auto parts enterprises to invest and set up factories in China, further promoting the development and growth of China's auto parts manufacturing industry.
After years of accumulation and development, auto parts enterprises have continuously improved their production processes, reduced production costs and improved product quality, greatly improved their technical level and production management level, and formed a number of powerful parts manufacturing enterprises. Some parts manufacturing enterprises in China have entered the global procurement system of vehicle manufacturers and have strong market competitiveness.
