The automotive industry is currently facing unprecedented changes not seen in a century. Auto parts companies should adapt to global political and economic changes, and the demand for technological advancements, by planning for the transformation and upgrading of their enterprises. At the same time, auto parts companies should also implement a series of management changes to support their successful transformation.
In recent years, new energy vehicles have seen rapid development globally, with especially swift progress in China. T car factory, representing new forces, advocates for the "3C" approach in automotive development, focusing on low cost and fast response, which has become one of the trends in the auto parts industry. The global auto parts supply system is expected to be reshaped.
The demand for automotive intelligence is increasing. Due to the automotive market's requirements for high-tech applications, cars will increasingly lean towards intelligent applications such as car networking, front-end entertainment modules, and intelligent driving. These intelligent features will impose higher technical requirements on parts and components manufacturers.
The lightweighting of parts and components is also on the rise. Due to ongoing concerns about environmental issues, the parts industry will focus on reducing car body weight through the modular application of new materials. Lightweight, clean, and environmentally friendly technology will become the future direction of industrial development.
The industry chain's direction will diversify. The components industry chain will lengthen, starting from more subdivided first-class components and gradually focusing on body parts, doors, seats, audio systems, and other local areas. A comprehensive supplier resource model must be developed to adapt to future market development trends.
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To learn more about the market trends, stay tuned to Lightweight Asia 2024
Date: 03-05 July 2024
Venue: Shanghai New International Expo Center
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