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In recent years, the city's auto parts industry has made significant efforts to restructure its product lineup, focusing on cultivating emerging sectors and building a robust framework for technological innovation. This has led to a new era of large-scale development, with the industry's overall sales and tax revenue growing at an annual rate exceeding 10%. Last year alone, the industry achieved a sales value of over RMB 310 million and generated more than RMB 19 million in tax revenue. As a result, it has become a key industrial sector with clear competitive advantages in our city.
Currently, the city’s auto parts industry has undergone substantial restructuring, with 10 enterprises operating at or above the scale threshold and 1,941 sets of production equipment in place. Companies are capitalizing on the rapid growth of the automotive sector by accelerating technological upgrades and innovation. They are actively developing new types of automotive components tailored to market demands. For instance, Qianghua Auto Brushless Generator Co., Ltd. has introduced generators specifically designed for air-conditioning systems in luxury passenger vehicles. Guangdong Meiyan Tire Co., Ltd. has invested heavily in the development of semi-steel and gold-steel radial tires for passenger cars, increasing its production capacity from 500,000 to 2 million units annually, with products reaching advanced domestic standards. Meanwhile, Feng Shun Peiying Electro-acoustic Co., Ltd. has developed high-power, high-quality audio speakers for large luxury passenger cars.
To strengthen brand recognition, many companies have established internal innovation mechanisms. Stronghua and Peiying, for example, have set up dedicated R&D centers, continuously launching new products. Notably, Peiying has managed to develop a new product within just two weeks, and its product line now includes over 700 specifications of audio speakers ranging from 4 to 15 inches. These products are now available in more than 50 countries, with Axis speakers gaining international recognition.
After years of hard work, the city's auto parts industry has grown significantly in scale. A group of strong, promising enterprises is driving the sector forward. In recent years, the industry has actively pursued a development strategy centered on market orientation, prioritization, resource integration, and division of labor. It has gradually shifted from producing middle- and heavy-duty truck parts to manufacturing commercial vehicle and economical car components. The focus has also moved from the maintenance market to the supply chain market, and from relying solely on the domestic market to expanding into international markets. Through these three major transformations, the industry has developed distinct product groups and technology-driven sectors. Key products include over 20 types of automobile (motorcycle) gears, starters, generators, bias tires, and audio speakers, reflecting a diverse and competitive industrial landscape.