Why will the auto parts industry become increasingly competitive in 2025?

The GDP of the United States and the management personnel in the automotive parts industry. A product is worth 500 yuan in China, but it is worth 5000 or 50000 yuan in the United States; The house we live in in the United States is converted into rent and included in GDP, while we do not.

Most of the GDP in the United States comes from the financial services industry, which is a virtual industry priced at your convenience. Most of China's industries come from manufacturing, technology research and development, and military industry. We spend a little money to do big things, while the United States spends a lot of money to do nothing. In fact, GDP is two to three times that of the United States, but what we see is not as high as the United States. The same applies to the employment of personnel in enterprise management.

Let me give you an example to show you: Two technical personnel from my company went to face twenty R&D personnel from an auto parts company, but their level may not be higher than ours. What we can handle in five minutes, they need five hours or five days to reply. Do you think the labor costs of the two companies will be the same? They are desperately pressing down on suppliers' prices in order to survive. This is one of the reasons why the auto parts industry will become increasingly competitive in 2025.