Driven by the growth of the automotive manufacturing industry, Guangzhou's auto parts sector has taken shape and is now experiencing a period of rapid development. At the "Guangzhou Auto Parts Industry Information Exchange Conference," jointly organized by government agencies and industry associations for the first time, it was revealed that the city aims to increase the output value of auto parts to between 80 billion and 100 billion yuan by 2010, making up over 40% of the total automotive industry output. The formation of an auto parts industry cluster is becoming more evident. Ping Xinguang, director of the Economic Commission of Guangzhou City, shared at the event that last year there were 29 auto parts companies in the city with an output value of 6.5 billion yuan. By September this year, the number had risen to 41, with an output value of 7.8 billion yuan. Including all enterprises producing auto parts and components, the total exceeds 200, and the overall output value has surpassed 10 billion yuan. In terms of investment sources, most of these companies are Japanese, with 21 of them generating more than 5 million U.S. dollars in revenue. Their product lines include electrical systems and chassis. The development of automotive electronics is especially promising. Among the auto parts companies in Guangzhou, 53 are suppliers for Honda and Dongfeng Nissan, while 86% are supplying foreign car manufacturers. This highlights significant potential for local enterprises to grow and expand their presence in the market. Currently, the “three major systems and four large groups” of Guangzhou’s auto parts production have taken shape. The eastern region includes the Development Zone, Zengcheng, and Huangpu groups, with 33 companies alone in the Development Zone. In the north, the Huadu group consists of 25 component companies, with a total investment of 2 billion yuan and 41 more under discussion. In the south, Nansha is set to develop an auto parts industrial park with the arrival of Toyota from Japan. Baiyun District is also planning its own auto parts industrial park. Looking ahead, Guangzhou aims for auto parts to account for 40% of the total automotive industry output by 2010. With the projected total vehicle production reaching 1 million units, the combined output value of complete vehicles and parts is expected to hit 300 billion yuan. In developed countries, the ratio of auto parts to complete vehicles is typically around 1:1.7, but Guangzhou’s current ratio stands at just 1:0.31, with a matching rate of only 8%, far below the 80% seen in developed nations. This gap presents a huge opportunity for growth in the coming years. Ping Xinguang emphasized that the city will focus on strengthening the auto parts industry through resource integration, industrial restructuring, and helping qualified companies become part of national supply chains. Leveraging the global sales and procurement networks of multinational corporations will allow the industry to "go global." Expanding local matching rates and attracting original equipment manufacturers to set up operations in Guangzhou is another key strategy. Additionally, improving technological capabilities, boosting exports, developing e-commerce platforms for auto parts, and cultivating skilled professionals in the automotive field are all crucial steps forward. According to the plan, by 2010, the output value of Guangzhou's auto parts industry is expected to reach 80–100 billion yuan, accounting for over 40% of the total automotive industry output, with the auto parts-to-vehicle ratio reaching 1:0.67.

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