Development Prospect: The Industry Is in A Good Trend And The Trend Remains Unchanged

Benefiting from the development of the whole vehicle industry at home and abroad and the expansion of the consumer market, the domestic auto parts industry shows a good development trend. Although the automobile consumption market turns cold under the influence of the epidemic, the long-term good momentum remains unchanged, and the auto parts industry is still facing great development opportunities. The strong support from the policy level has laid a solid foundation for the development of the parts industry. With technological innovation, China's domestic parts supporting system is gradually in line with the world, and China's auto parts industry will still maintain a good development trend. It is predicted that the main business income of China's auto parts industry will exceed 5.5 trillion yuan by 2026.