As China’s automobile exports continue to surge, auto parts enterprises across the country are also riding the wave of going global.
In 2023, the export value of automobiles and parts hit about 101.61 billion yuan (about 14.3 billion U.S. dollars) and 87.66 billion yuan, up 69 percent and 9 percent from the prior year, respectively, according to the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.
Against this backdrop, the just-concluded sixth Western China International Fair for Investment and Trade in Chongqing Municipality featured an exhibition area for automobile parts. The area accommodated products such as accessories, wheels and engines, as well as batteries for new energy vehicles (NEVs).
Lydia Wang, foreign trade manager of Chongqing Naigu Automobile Products E-commerce Co., Ltd., said that an expanding automobile industry will inevitably stimulate demands for maintenance, parts renewal, and remolding, which has given China’s auto parts enterprises an opportunity to explore overseas markets alongside vehicle manufacturers.
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