Development Prospects Of Shock Absorbers

The separation of automotive component production enterprises from vehicle enterprises and the formation of specialized component groups is becoming a global trend. Almost all internationally renowned automotive and component companies have established joint ventures or sole proprietorships in China, and have introduced over 1000 technology joint ventures. A group of high-tech, cost-effective, and large-scale automotive and component enterprises in China are gradually growing. With the implementation of the "global procurement" strategy for parts in the international automotive industry and the localization strategy implemented by international multinational automotive enterprises, there will be a huge gap in parts and accessories in the domestic market. By 2010, the domestic output value of China's automotive components will reach around 700 billion yuan. The production prospects are broad, and there is huge room for appreciation.