The fourth global Auto Parts industry summit in 2012 will be held in Beijing on April 25th. The summit focused on the development and innovation of auto parts companies in the new situation of the Chinese auto market, focusing on how auto parts companies face new markets and competition, better seize market rules, and achieve success. At present, OEMs such as Volvo China and Dongfeng Yueda Kia have confirmed their presence. They will work with local parts and components companies to discuss the zero-relation relationship under the new situation. At the same time, consulting services such as IHS, KPMG, and QAD will be held. The company will make forward-looking forecasts for future development trends and will provide assistance for the development of parts and components companies.
The "seven-year itch" in the Chinese auto market reached an even greater extent in 2011, and an abrupt brake was placed on the basis of an increase of 46%. Official figures show that the auto market's growth rate was less than 3% in 2011. This huge change made many people unprepared. At the same time, it also brought more uncertainty to the auto market this year. The sluggish auto market has severely damaged parts and components industries that have been booming for several years. Coupled with the impact of domestic macroeconomics, the pressure of currency appreciation, and rising labor and raw material costs, the trend of this downward pressure on prices and downstream prices has made the foundation Relatively weak parts and components are more difficult to produce.
National policy also tilts toward parts at this time. The National Development and Reform Commission and the Ministry of Commerce recently announced the "Foreign Investment Industry Guidance Catalogue (Revised in 2011)". The "Catalogue" will be implemented as of January 30, 2012. In the new "Catalogue", the emphasis will be shifted from "car manufacturing" to "manufacturing and development of key components." However, the survey shows that the industry generally believes that the implementation of this policy will likely lead to a new round of reshuffle in the domestic auto parts industry. In the face of such internal and external problems, domestic parts and components companies are constantly seeking new developments.
Based on this market environment, will China's 2012 automotive industry usher in an inflection point? What new situation and new challenges will Chinese parts and components companies usher? How to deal with parts and components companies? How will the future strategy and direction of development be determined? How can the parts and components companies stay ahead and grow rapidly in the slowing down of the auto market? These are major issues that every auto parts company should consider. The parts and components industry summit will build a communication bridge and professional platform for these issues and look forward to your participation.
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