Chinese Auto Parts Industry Needs More Improvement
2009-09-17 Source：english.chinabuses.com
English.chinabuses.com: After years of heady growth, China's auto industry produced 90.4 million vehicles at last year, making China one of the major car producers in the world. The auto market was still expanding rapidly although there was a mild slowdown in the first half of 2008, with 51.7 million vehicles produced and 51.8 million sold, up by 16.71% and 18.52% respectively from a year ago.
China's booming auto market has provided opportunities for its auto parts sector to flourish. By the end of 2007, there had been 7,579 makers of auto parts and fittings, 72.3% of the entire auto industry in terms of the number of manufacturers. And their revenue from major business was RMB752.9bn, about 35.1% of the entire auto industry while the profit of RMB54.5bn, was 41%. As for ownership, most of them are private companies-5,137 makers altogether, about 67.8% of the total number, but their revenue was only 38.5%. By contrast, although there were only 1,120 foreign-owned automakers, their revenue was RMB269.3bn, 35.8% of the total of the industry, while their profit RMB22.8bn, were all superior to those of China's homegrown companies.
Views:0Editor：Wei Yu
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