China's auto output in 2010 reached 18 million, becoming the undisputed world's largest auto market. The rapid growth of export markets, which become the output of one of the key factors of high growth.

    "We are selling automotive products and is now quickly growing consumer buy a high degree of fit. The current global context, sales of automotive products is the fastest growing in South America, while Asia outside Japan and South Korea, and Africa growth is very fast. The people in these countries is more emphasis on low-priced automotive products. "Xu Changming said.

    Our products are always low cost and low price point of competition, China's auto exports from last year's top ten countries (Algeria, Syria, Vietnam, Russia, Chile, Egypt, Brazil, Bangladesh) can also be seen mainly developing countries and emerging market countries, mainly the export of these countries accounted for 60% of our exports. Which fully demonstrates that China's automotive products are currently developing and emerging market countries to meet the needs of the people, which became a major exporter to China has laid a good foundation.

    At the same time, actively promote the automobile industry as the country's international road, our path will soon become a powerful vehicle, in this background, the parts companies will usher in a new development opportunity.

    Opportunity three: the rapid development of autonomous vehicle business

    Xu Changming believes that "China's auto market is undergoing a new change is the second and third tier markets, especially the third-line market is the future of automotive development and growth points and support points. The third-line market of luxury cars to foreign customers not so sensitive to the contrary, they pay more attention to the economic applicability of the car, as well as by the traditional Chinese thinking, the shape of the car has its own preferences for these characteristics, its own brand cars in which the development of more advantage. "

    According to the survey, and now third-line market share of car sales to 2% -3% annual rate of rapid growth. Forecast Ten years later, third-line market will account for 55% of the national market, while the first-line market will shrink to about 15%.

    Compared to first-tier cities, the three people in the line of the impact of traditional Chinese culture by larger, on the one hand the people here is not so keen on foreign cars and, more emphasis on the appearance of the atmosphere, fully functional, while the price costs are relatively low and the use of the car. In this case, often at the expense of performance and technical content off the cost, that can not be placed in special high-end technology to third-line sales. This will be an independent brand, opportunity, compared to first-line market, its own brand in the market, the competitiveness of the three lines is relatively high.

    "In addition there are three advantages of its own brand, the first low cost; second reaction is fast and agile; the third is the government's strong support," Xu Changming said.

    With its own brand of domestic enterprises began to grow, but will also boost the rapid development of domestic auto parts enterprises.

    Worries are still the better prospect

    Domestic enterprises in the welcome opportunity to own brand, but also facing challenges.

    Xu Changming believes that one of the challenges is the cost advantage of independent parts companies are being eroded.