In the context of globalization, facing increasingly fierce competition, in order to reduce costs, major automobile companies in the world are gradually reducing the self-production rate of auto parts while expanding their production scale, and adopting a global procurement strategy for auto parts. At the same time, Qingling Isuzu Parts Manufacturer said that in order to obtain greater benefits, international parts suppliers have reduced or even stopped producing some products that do not have competitive advantages, and instead purchased products with comparative advantages internationally.

    Increasingly fierce market competition forces automakers to purchase entire systems rather than individual parts. This change not only helps vehicle manufacturers to fully utilize the professional advantages of parts companies, but also simplifies the product matching process and shortens the new product development cycle. System suppliers are increasingly involved in research and development, and the design and production process of new products of Qingling Isuzu Parts Manufacturers have gradually increased their technical and economic strength. System matching has given rise to the modular supply of parts companies. In modular supply, parts companies have undertaken more development work on new products and new technologies. Vehicle manufacturers are increasingly dependent on parts companies in terms of products and technologies, and Qingling Isuzu Parts Manufacturers are playing an increasingly important role in the automotive industry.

The global automotive industry, which has a century-old history, is in a period of great change with various technologies and innovative applications emerging in an endless stream. New energy, smart connectivity, and autonomous driving have become the main trends in the future development of the automotive industry. The global automotive industry is undergoing changes and innovations, and is facing opportunities and challenges. Auto parts are the basic carriers that lead automotive changes and innovations.

    Qingling Isuzu Parts Manufacturer believes that looking at the current automotive parts industry, there are the following development trends:

    1. Globalization of procurement

    In the context of global integration, in the face of increasingly fierce competition, in order to reduce costs, major automobile companies in the world are gradually reducing the self-production rate of auto parts while expanding production scale, and adopting a global procurement strategy for auto parts. At the same time, in order to obtain greater benefits, reduce or even stop producing some uncompetitive products, and instead purchase products with comparative advantages globally.

    2. System matching and modular supply gradually emerge

    Increasingly fierce market competition forces vehicle manufacturers to shift from purchasing individual parts to purchasing the entire system. This change not only helps vehicle manufacturers to make full use of the professional advantages of parts companies, but also simplifies the product matching link and shortens the new product development cycle. As suppliers are increasingly involved in research and development; in the process of designing and producing new products for vehicle manufacturers, their technical and economic strength gradually becomes stronger.