News Briefing | The Top 100 Global Automotive Parts Suppliers for 2024 is Released
27 Jun,2024
The 2024 Global Top 100 Automotive Parts Suppliers List is out, with the number of Chinese companies on the list increasing to 15.
On June 23, Automotive News released the 2024 Global Top 100 Automotive Parts Suppliers List. Notably, two more Chinese companies made the list this year: Guoxuan High-Tech and Sanhua Automotive Parts. Additionally, CATL's ranking has risen by one position, now only behind Bosch, ZF, and Magna International, the three traditional parts giants. A total of 15 Chinese companies made the list, with 5 in the top 50. The data from this year's list shows that as the supply chain chaos following the pandemic begins to subside, most suppliers have seen improvements in their sales in 2023 compared to the previous year. This year's top parts suppliers list also reflects the rapid changes in the automotive supply chain in the era of electrification, with new players and traditional suppliers competing for the rapidly growing electric vehicle market, intensifying competition. Overall, behind the numbers in the top parts suppliers list, changes are occurring regarding where suppliers will produce parts, what types of parts they will produce, and what long-term strategies they will develop to cope with the challenging transition to electric vehicles, significant geopolitical uncertainties, and years of declining profits. Recently, KuaiZhun Car Service welcomed the 97th batch of new service station training participants. Members participating in this training come from all over the country to master all the skills needed to operate a store. Whether from the north or south, spanning east to west, it is the numerous KuaiZhun service stations across the country that build an efficient network connecting 500,000 repair shops, making the automotive aftermarket more efficient and healthier. According to statistics, the proportion of rebuilt stations among the newly established service stations from January to May is 34%, and the over 30% proportion of rebuilt stations further proves the strong survival capability of KuaiZhun service stations.
2024 /
06-27
Classification:
Industry News
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