Is the auto parts business easy to do

1. Traditional gasoline cars. Gradually eliminated. The future direction of automotive development. They are all new energy vehicles. So, new energy vehicle parts. This is the direction of future automotive development.

2. The prospects of the automotive industry are still broad, as its development presents a trend of large-scale warehousing, networking, and branding. However, with fierce market competition, profit margins are becoming smaller and smaller, which is becoming increasingly difficult for small-scale investment car manufacturers to sustain.

3. The automotive parts industry in our country is currently in a stage of rapid development. Automotive parts are the foundation of the automotive industry, supporting the sustainable development of the entire automotive industry. Therefore, it can be seen that the position of automotive parts is very important.

4. There are four major trends: globalization of procurement, system matching, gradual increase in modular supply, accelerated industrial transfer, and gradual concentration of market share of advantageous enterprises.

5. According to preliminary statistics, the operating revenue of the automotive parts manufacturing industry in 2022 was 88 trillion yuan, a year-on-year increase of 63%. By 2028, the scale of China's automotive parts industry is expected to exceed 8 trillion yuan, benefiting from the development of the domestic and international vehicle industry and the expansion of the consumer market. The domestic automotive parts industry is showing a good development trend.