After China's accession to the WTO, the Auto Parts industry experienced significant growth, with its assets increasing year by year. By 2006, the industry accounted for approximately 35% of the total assets of the entire automobile sector, up from around 5% in 2002. This rapid development has positioned the auto parts industry as a critical upstream segment within the broader automotive supply chain. As the automobile industry continues to grow, it has become a vital pillar of China’s national economy. Since the second half of 2004, the domestic auto industry began to recover from a sluggish phase, and this momentum extended to the auto parts sector. Demand surged, and the market maintained strong growth. According to National Bureau of Statistics data, in 2006, the industry achieved an industrial output value of 539.705 billion yuan, a 34.35% increase from the previous year. Sales revenue reached 527.235 billion yuan, up 34.71%. Imports of auto parts rose to 12.459 billion U.S. dollars, an increase of 34.18%, while exports climbed to 210.72 billion U.S. dollars, marking a 38.21% rise compared to the prior year. The March production analysis table illustrates the steady progress of the industry. In recent years, the rapid expansion of the Chinese automobile industry has led to the development of comprehensive production and support systems. Industrial concentration has improved, and product technology levels have significantly advanced, positioning China as a global leader in vehicle manufacturing. However, challenges such as an unbalanced industrial structure, low technological capabilities, weak self-reliance, and incomplete consumer policies remain. Additionally, constraints like energy use, environmental protection, and urban transportation have become more pronounced. The international financial crisis, which spread after 2008, severely impacted the domestic auto market, leading to negative growth in overall production and sales. Economic performance for key enterprises declined, and the development of domestic brands faced obstacles. Despite these difficulties, the Chinese market attracted global attention due to its vast consumption potential and favorable development prospects. The China Automobile Association predicted that total car sales in 2009 would exceed 10 million units, reaching 10.2 million, an 8.7% increase from the previous year. Passenger car sales hit 7.45 million, up 10.2%, while commercial vehicle sales reached 2.75 million, a 5% increase. From late 2008 onward, the Chinese government introduced the "Auto Industry Adjustment and Rejuvenation Plan" to address the challenges posed by the global economic downturn. The plan aimed to stabilize the industry, promote structural adjustment, enhance innovation, and ensure sustainable development. With a focus on long-term stability and growth, the initiative was designed to strengthen the auto industry’s position in the national economy. In terms of the macroeconomic environment, China continued to show resilience despite global economic turbulence. GDP reached 30.067 trillion yuan in 2008, growing by 9.0% from the previous year. Urban and rural household incomes saw slower growth, but the overall economic foundation remained strong. Trade surplus and foreign exchange reserves grew rapidly, though import growth outpaced export growth in 2008 due to external pressures. The trade surplus was expected to slightly decrease in 2009, but the overall economic outlook remained positive. On the micro-industry level, China’s auto parts sector attracted significant foreign investment. Over 1,200 foreign-invested companies operated in the industry, many of them Fortune 500 firms. Competition intensified, prompting local companies to focus on cost reduction and scale efficiency. Mergers and acquisitions became a key strategy to enhance competitiveness and align with global standards. Major components such as engines, chassis, and automotive electronics saw substantial investment. Geographically, the industry is concentrated in regions like the Bohai Rim, Yangtze River Delta, Pearl River Delta, Hubei, and central-western provinces. Despite progress, the industry still faces challenges such as low technological levels, fragmented operations, and limited R&D capabilities. These issues hinder both the auto parts and整车 industries. Overall, while China's auto parts industry has made remarkable strides, there is still room for improvement, particularly in high-tech areas where foreign manufacturers dominate. Continued efforts in innovation, collaboration, and policy support will be essential to drive the industry toward greater sustainability and global competitiveness.

Die Casting

Die casting is a manufacturing process in which molten metal is poured or forced into steel molds. The molds-also known as tools or dies-are created using steel and are specially designed for each project. This allows each component to be created with accuracy and repeatability. We can offer many different die casting solutions because of our wide selection of die casting machines.

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