Chinese automobile brands have encountered difficulties in breaking through, and the prospects are not very clear. However, from the perspective of the industrial chain, the domestic substitution of important spare parts enterprises is rapidly emerging, especially represented by the two major sectors of power batteries and automotive electronics.
From an industrial perspective, more and more Chinese spare parts companies are penetrating into the procurement list of joint venture brands, and domestic substitution has become a trend. According to some institutions' calculations, the production cost of spare parts enterprises is significantly lower than that of foreign countries. Especially at the current stage, the competition in the automotive market is fierce, and zero sum games are becoming increasingly evident. Joint venture brands are constantly sinking, putting pressure on the gross profit margin of bicycles. Against this industry backdrop, the market for automotive parts suppliers is rapidly opening up.
