According to the Financial Associated Press, China's auto parts exports have grown rapidly, and from January to August 2021, the export value of auto parts products was 316.58 billion yuan, an increase of 34.6% year-on-year, compared with the same period in 2019, the export value of 31.22 billion yuan increased by more than 9 times.
The person in charge of a wheel bearing company said that since the second half of last year, export orders have exploded in large numbers, and more than 40 production lines of the company are currently running at full capacity. At present, the orders in hand have been lined up for 3 months, and the order growth rate is more than about 80%. One is the recovery of previous orders, and the second is that due to the relatively low overall inventory rate of overseas terminal markets, there has been a very significant increase in the order volume of the entire market, especially since entering the second half of the year. An aluminum auto parts company in Zhejiang said that the annual output increased from about 5 million sets last year to about 7 million sets this year. Basically, in the past one or two years, sales growth has remained at a high-speed growth rate of 40% to 50%. Tianfeng Securities said that China's auto parts enterprises have gradually accumulated competitiveness in terms of manpower, technology and upstream and downstream integration capabilities in the process of supporting domestic joint venture factories, and exported to the outside world. In August, the COVID-19 epidemic in Malaysia had a supply impact on global auto parts, and strong production stability is expected to continue to increase China's export share of auto parts.
Among the A-share listed companies, Wanxiang Qianchao is currently one of the main independent auto parts professional production bases in China, specializing in the production of automotive transmission system wheel units, and other automotive system parts and assemblies. Changying Xinxin is mainly engaged in the research and development, production and sales of various types of motors and their core components, and provides professional supporting services for many large-scale motor and electrical appliance manufacturers at home and abroad. Demys is a leading enterprise in the domestic precision shaft and precision cutting parts market segment, and its main products are automotive precision parts such as automotive window systems, power systems, body and chassis systems, and some industrial precision parts.
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