27
2023
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03
The return of auto parts joint venture analysis says that it cannot become a major trend
According to data from the Ministry of Commerce of China, foreign capital controls most of the market share of domestic auto parts sales. In 2012, the sales revenue of domestic self-owned parts and components accounted for only 20%-25% of the entire industry, while auto parts manufacturers with foreign capital background accounted for more than 75% of the industry. Among these foreign component suppliers, sole proprietorships account for 55%, and Sino-foreign joint ventures account for 45%. Independent domestic-funded component companies are basically marginalized, and their market share is shrinking rapidly year by year, and their survival status is not optimistic.

