China has listed new energy vehicles as a strategic emerging industry. Under this situation, the establishment of new energy vehicles and key parts industry bases across the country has been in full swing. In the future, domestic investment in new energy vehicles and key parts and components will be keep increasing.

The intensifying price war in the vehicle market is also eroding the profit margin of the parts industry, and the requirements of vehicle manufacturers to reduce costs and ensure profits are becoming more and more stringent. However, although the output value of China's auto parts industry is large, it has not exerted scale effects, so the integration and reorganization of the auto parts industry is imperative.

It is foreseeable that China's car parts industry will enter a stage of accelerated integration in the next few years. On the one hand, horizontal and vertical integration between domestic enterprises can achieve economies of scale; on the other hand, through overseas mergers and acquisitions, resources such as production and markets can be achieved globally Optimal configuration and access to advanced technology and management experience.