Wuxi Automobile Industry Industry System Develops Rapidly


On April 27 and 28, the 2008 China (Wuxi) Auto Parts Industry Technology Achievement Exhibition will be held in Wuxi Guangyi Auto Parts City. Speaking of the reason for the selection of Wuxi for this year's results exhibition, the relevant person in charge of the Municipal Economic and Trade Commission stated that Wuxi's automobile industry industrial system has made considerable progress in recent years, with the key advantages of the key parts manufacturing enterprises being particularly evident.

Statistics show that in 2007, there were more than 1,000 automobiles, auto parts and related companies in Wuxi, of which 202 enterprises above designated size in the automotive industry (automotive, parts, and related industries) realized an output value of 45.74 billion yuan, and realized their main business income. 45.11 billion yuan, an increase of 28.7% and 29.1% respectively. In 2007, the total assets of the automotive industry in Wuxi exceeded 44 billion yuan. At present, the city has established two auto industrial bases, the "National Torch Plan Wuxi New District Automotive Electronics and Components Industry Base" and Wuxi Huishan District "Jiangsu Auto Parts Industrial Base". Wuxi has initially formed a relatively complete automotive industrial system supporting the automobile, engine and related parts and components manufacturing industries. Now, Wuxi has a group of vehicle companies that have a certain influence in China and in the industry, such as Nankai Xinyatu Company, FAW Xichai Automobile Factory, FAW Bus (Wuxi) Company, etc. Wuxi’s group of key auto parts production enterprises is in operation. Its scale, product competitiveness, market share, technological innovation capability, and economic benefits are among the leading domestic positions. Jixing Auto Parts Co., Ltd. is currently the largest domestic manufacturer of top liner lining industry, accounting for 25% of the domestic top lining market. Wuxi enterprises have also formed long-term supporting and close relationships with more than 30 major automobile production groups and large companies such as SAIC, FAW, Dongfeng, GAC, BAIC, VW, GM, and Ford.

The huge potential of Wuxi's automotive consumer market is also an important reason. In 2007, Wuxi’s total automobile sales reached 12.39 billion yuan, and new car sales were 81,464 units in the year. In 2006 and 2007, the number of vehicles sold in Wuxi maintained double-digit growth, with growth rates of 21.25% and 10.83%, respectively, and the city’s car ownership With more than 600,000 vehicles, it ranks among the highest in Jiangsu and has a car aftermarket demand of up to 30 billion. Wuxi's auto parts sales are not falling behind. So far, the large-scale auto parts market that has been put into operation in the city has Guangyi and Xibei. Among them, the Guangyi Auto Parts City, which was established in 1994, has become a professional regional comprehensive auto parts market with a relatively large scale and good brand effect in the Yangtze River Delta. The distribution network has radiated to Suzhou, Wuxi and Suzhong regions with an annual turnover of RMB 2 billion. Seize the third place in East China.

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