Top 10 Auto Parts Companies in China

youlian

In today's booming global automotive industry, Chinese auto parts companies are also rising and becoming a key force supporting the development of the automotive industry. The following are the top ten auto parts companies in China, which have demonstrated strong strength and influence in their respective fields.

1. CATL
宁德时代新能源科技有限公司


Founded in 2011, CATL is one of the first domestic power battery manufacturers with international competitiveness. It focuses on the research, development, production and sales of power battery systems and energy storage systems for new energy vehicles. In terms of technological innovation, CATL has made continuous breakthroughs, and its battery's key indicators such as energy density and safety are at the leading level in the industry. With its strong R&D strength and production capacity advantages, CATL has reached cooperation with many well-known domestic and foreign automobile manufacturers. In 2023, its revenue will reach 400.9 billion yuan and its net profit will exceed 40 billion yuan, making it the world's leading power battery manufacturer with a market value of 880 billion yuan. It has performed extremely well in the capital market and has made outstanding contributions to promoting the popularization and development of new energy vehicles.

2. HUAYU AUTOMOBILE SYSTEMS CO., LTD.
华域汽车系统股份有限公司


As a parts supplier under SAIC Group, HUAYU AUTOMOBILE has a long history. Its predecessor was the auto parts business independently supplied by Shanghai Automotive Industry Corporation. Its business is extensive, covering three major business sectors: electronic appliances, functional parts, hot-processed parts, new energy drive motors, and metal forming and molds. Huayu Automotive occupies an important position in the domestic auto parts market, with revenue exceeding 100 billion yuan and net profit exceeding 5 billion yuan in 2023. The company has a strong technical R&D team and advanced production and manufacturing capabilities, providing high-quality and diversified parts products for SAIC Group and many other automakers.

3. Weichai Power Co., Ltd.
潍柴动力股份有限公司


Weichai Power is one of the earliest companies in my country to produce diesel engines, with a history dating back to 1946. Weichai has a series of high-end R&D platforms such as the National Key Laboratory of Internal Combustion Engine Reliability and the National Commercial Vehicle Powertrain Engineering Technology Research Center. In the field of engines, Weichai's diesel engines are widely used in commercial vehicles, construction machinery and other fields, with revenue exceeding 100 billion yuan and net profit exceeding 5 billion yuan in 2023. Its products are known for their strong power and high reliability, and have a high reputation and market share in the domestic and even global markets.

4. Beijing Hainachuan Auto Parts Co., Ltd.
北京海纳川汽车零部件有限公司


Founded in 2008, Hainachuan is jointly invested by Beijing Automotive Group Co., Ltd. and Beijing Industrial Development Investment Management Co., Ltd. Hainachuan's products are extremely rich, covering "automotive interior, exterior systems, automotive seat systems, automotive electronic systems, automotive heat exchange systems, automotive chassis and other systems". After years of development, Hainachuan has become an important partner of many well-known automobile brands, with revenue exceeding 60 billion yuan in 2023, successfully entering the top 50 global automotive parts companies.

5. Ningbo Joyson Electronics Co., Ltd.
宁波均胜电子有限公司


Joyson Electronics was established on August 7, 1992. The company's business scope includes electronic products, electronic components, automotive electronic devices, etc. In the field of automotive safety systems, after the successful acquisition of KSS in the United States in 2016, Joyson Electronics' position in the field of global automotive safety system suppliers has become more stable. Joyson Electronics is also actively deploying and expanding in the fields of intelligent driving and Internet of Vehicles, with revenue exceeding 50 billion yuan in 2023.

6. CITIC Dicastal Co., Ltd.
中信戴卡股份有限公司


CITIC Dicastal is the first aluminum alloy wheel manufacturer in mainland China invested and established by CITIC Group in 1988. After years of development, it has become a large-scale automotive parts enterprise group integrating aluminum wheel manufacturing, automobile chassis, powertrain, body parts manufacturing, equipment manufacturing, product surface treatment, and mold manufacturing. Its aluminum alloy wheel products are famous for their high quality and high performance. In 2023, its operating income exceeded 30 billion yuan, occupying an important share in the global market.

7. Fuyao Glass Industry Group Co., Ltd.
福耀玻璃工业集团股份有限公司


Founded in 1987, Fuyao Glass is China's largest, most technologically advanced and largest exporter of automotive glass. Fuyao Glass's product "FY" trademark is the only "China Well-known Trademark" in China's automotive glass industry so far, and ranks among the top global glass suppliers. Its glass products not only have excellent optical properties and mechanical strength, but also have outstanding performance in cost control, with a net profit of more than 5 billion yuan in 2023.

8. Guangxi Yuchai Machinery Group Co., Ltd.
广西玉柴机械集团有限公司


Yuchai Group was established on August 4, 1992. It is mainly engaged in the production and sales of mechanical products such as diesel engines, construction machinery, automotive chemicals, auto parts, environmental protection machinery, special vehicles, etc. Yuchai's diesel engines are widely used in the domestic market, especially in the field of commercial vehicles, and continue to invest in technology research and development. On March 30, 2022, it obtained China's first UNR49.07 Euro VI E emission certificate, indicating that its engine technology has reached the world's most advanced level.

9. Desay SV
德赛西威


Desay SV is an enterprise with outstanding performance in the fields of smart cockpits and smart driving systems. Its smart cockpit products integrate advanced infotainment, human-computer interaction and other technologies to bring users a new driving experience. In terms of intelligent driving, through advanced sensor fusion and algorithms, it provides strong support for the realization of autonomous driving. Although the company was established relatively recently, it has developed rapidly and has also received high attention in the capital market.

10. Top Group
拓普集团


Top Group has strong strength in the manufacturing of components such as chassis systems. Its products cover multiple key chassis components such as suspension systems and braking systems. Top Group focuses on R&D investment and technological innovation. By continuously improving product performance and quality, it has established long-term and stable cooperative relations with many automobile manufacturers in domestic and foreign markets. In 2023, the R&D rate exceeded 5%, which is at a relatively high level in the industry. Its net profit performance in 2023 was good, and both revenue and net profit achieved positive growth in the first quarter of 2024.

These top ten Chinese auto parts companies, either relying on a long history and deep technical accumulation, or relying on strong innovation and market development capabilities, have occupied an important position in the global automotive industry chain. They not only provide a solid foundation and guarantee for the development of China's auto industry, but also demonstrate the strength and competitiveness of China's auto parts industry in the international market. In the future, they will continue to promote the global automotive industry to develop in a more intelligent, green and efficient direction.