The research results of the United States in the 1990s showed that for every dollar added value of the auto industry, it will add $0.65 to the upstream industry and $2.63 to the downstream industry.
The automotive industry has a long industrial chain and many industries involved. As an upstream vehicle industry, auto parts account for approximately 50% of the value of the entire automotive industry chain.
For a long time, China’s auto industry policy has been biased towards the development of complete vehicles. In the 1980’s, it also focused on localizing imported foreign models, and the auto parts industry was relatively neglected. With the rapid growth in the production, sales volume and ownership of automobiles, the proportion of auto and motorcycle parts and accessories industry in the entire automotive industry has also rapidly increased. From the previous 10%, it has increased to around 30% in recent years.
"Not listed, it is on the way to listing," which has become a portrayal of China's auto parts industry. Since 2010, the pace of listing of the auto parts industry has accelerated significantly.
In the next two years, at least 30 other projects will report IPOs, and there will be a surge in the listing of auto parts companies.
According to statistics, in 2006 and 2007, only one auto parts company was listed; in 2008 it increased to three; in 2009, it increased by three; in 2010, it increased by eight; the first nine months of 2011 listed auto parts. There are already 10 companies, and three are backdoor listings. In addition, the IPO financing for auto parts in 2010 totaled more than 7.4 billion yuan, and it has risen to more than 7.7 billion yuan in 2011.
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