The 2024 White Paper on the Competitiveness of Core Enterprises in the Global Automobile supply chain (hereinafter referred to as “White Paper”) jointly compiled by China Automobile News and Roland Berger was officially released.
Among them, the two lists of “Top 100 of Global Automobile supply chain” and “Top 100 of China Automobile supply chain” have aroused widespread concern in the industry.
, Yuan Wenbo, global partner of Roland Berger, said in the interpretation of the “white paper” that the global development trend of auto parts shows three major characteristics: stable revenue scale, rebound in profitability and “two-wheel” continuous drive.
The overall revenue of the world’s top 100 companies increased by 13.
2% in 2023 compared with the same period last year.
At the same time, with the recovery of investment and consumption activities and the recovery of the auto market, the overall profit margin of auto parts suppliers in 2023 was 6.
1%, up from 5.
4% in 2022.
, in the “Global Automobile supply chain Top 100” list, a number of international well-known auto parts suppliers are listed.
Among them, Bosch, Denso, Zaifu, Mobis, mainland and other enterprises continue to rank among the top five in the world by virtue of their technological innovation capability and global layout.
This year’s list shows the following characteristics.
As the “electrification and intelligence” of the automobile industry has become a general trend, auto parts head growth enterprises and new listed enterprises continue to deepen their layout in related fields to build a fulcrum for future business growth.
under the protection of economic stimulus and regional trade, the share of global revenue of American and Japanese enterprises has stabilized, and Chinese and South Korean enterprises have benefited from new energy and continued to expand.
Affected by the recovery after the epidemic and the recovery of traditional business, Europe’s top 100 companies have seen a considerable increase in revenue in 2023.
, taking Bosch as an example, invests in European semiconductor manufacturing companies in electrification to increase its silicon carbide chip production, maintain a stable local supply and achieve further performance growth.
in the field of intelligence, the new redundant braking system tailored for electric vehicles and self-driving is expected to achieve an average annual growth rate of 10 per cent faster than the market.
Among the 
, 2024 “Top 100 Global Automobile supply chains”, there are three Chinese enterprises in the top 20, namely Ningde Times, Weichai Group and Huayu Automobile, which represents the deep accumulation and innovation ability of Chinese spare parts enterprises, and also shows the world the indispensable role and position of Chinese enterprises in the global automobile supply chain.
Xie Rongbin, secretary of the party committee, chairman, editor-in-chief of China Energy Automobile Communication Group, president of China Automobile News and editor-in-chief of China Energy News, said that the rise of new energy vehicles has not only promoted the rapid development of core technologies such as batteries, motors and electric control, but also led to the vigorous rise of emerging fields such as lightweight materials, intelligent network connection technology, and self-driving solutions.
Every breakthrough in these fields embodies the crystallization of the wisdom and sweat of supply chain enterprises.
with their keen market insight and excellent technological innovation ability, they continue to promote the automobile industry to a greener, intelligent and efficient direction.
China’s supply chain enterprises are taking part in this great change in the global automobile industry with unprecedented courage and determination.
According to 
and “White Paper”, the top 10 companies in China’s top 100 automotive supply chains in 2024 are Ningde Times, Weichai Group, Huayu Automobile, Hainachuan, Qunsheng Electronics, Guangzhou Auto parts, AVIC Automotive Systems, CITIC Daika, Zhongze Rubber and Guangxi Yuchai, covering power batteries, traditional power, automotive electronics, tires, wheels and integrated parts enterprises.
Among them, the supply chain revenue of Weichai Group is 241.
674 billion yuan in 2023.
Weichai Power continues to develop its high-end strategic business represented by large cylinder diameter and hydraulic pressure, and its profit contribution increases significantly.
M series large diameter and high power density engines have fully entered the global high-end markets such as data engineering centers and rigid ore cards, and the product structure adjustment has taken an important step.
The supply chain revenue of Junsheng Electronics in 2023 was 55.
32 billion yuan, an increase of 11.
76 percent over the same period last year.
In 2023, Junsheng Electronics will continue to have bright spots in the fields of intelligent driving, automobile safety, new energy and so on.
For example, Junsheng Electronics launched a number of intelligent driving domain controllers, leaping car airbags and other innovative products, and won 13 billion yuan full life cycle orders for the global project of power electronics on the 800V high voltage platform of a well-known car company.
Chinese spare parts enterprises are becoming more and more important in today’s automobile value chain.
According to the White Paper, the scale and total profits of Chinese spare parts enterprises have rebounded rapidly in 2023, traditional components have been warmed up by the growth of vehicle production and sales, and intelligence and new energy transformation are still the main driving forces of revenue and profit growth in the future.
Among them, the revenue added value of new energy and intelligent parts accounts for 34% of the total added value, maintaining the dominant position in the revenue structure.
the profit growth of new energy parts accounts for 36% of the total added value.
the net profit of intelligent electronic parts has maintained a growth rate of 200% for two consecutive years.
thanks to the increase in production and sales, the revenue of traditional auto parts has increased by more than 100 billion, and profits have increased by more than 10 billion, accounting for 34.7%. 
, as far as the business sector is concerned, the income growth and profitability of the new energy sector is the most prominent, the revenue growth of the electronic sector is fast, and the recovery of engine and traditional business sectors is good.
Specifically, the revenue of the new energy sector has grown steadily and has become an important revenue pillar of the top 100 parts and components enterprises, of which five on the list are power battery suppliers, namely Ningde era, Yiwei LiNeng, Guoxuan Hi-Tech, Zhongchuang Xinwang Airlines, Xinwangda, the head enterprise scale and profit growth is good, returning to a reasonable range.
What is worth paying attention to is that there are 11 new enterprises on the top 100 list of China’s automobile supply chain in 2024.
They are Honeycomb, Xin Wanda, Sanhua Intelligence, BOE, Jiangsu Longyi, Tianma Microelectronics, Wande Automotive, Aerospace Intelligent Technology, Huawei, Central Plains Internal equipment, and Tianrun Industry.
Among them, more than half of the new enterprises’ main business is related to new energy and intelligence, reflecting the continuous upgrading and change of market demand.
At the same time, the local engine and traditional business are still developing healthily.
For example, the overall shipment volume and shipping area of BOE LCD screen and its five major application areas have been the first in the world for many years in a row.
As the global vehicle business platform of BOE Group, BOE Jingdian intelligent cockpit products have been fully applied to almost all mainstream automobile brands in the world.
As a leader in the industry, Jiangsu Dragon has been actively exploring new development opportunities on the road of green transformation, focusing on the layout of lithium iron phosphate cathode materials and automotive environment-friendly fine chemicals, and constantly introducing new energy vehicle-specific innovation.
The product series has realized the supporting cooperation with many enterprises at home and abroad.
Research and development investment has always been the core driving force for Chinese automobile supply chain enterprises to maintain competitiveness.
In recent years, with the acceleration of the “new four modernizations” trend, Chinese parts companies have increased their investment in technology research and development, and strive to achieve breakthroughs in key technology areas, so as to occupy a more favorable position in the global automobile supply chain.
For example, 45.
26% of the research and development personnel of Desai Xiwei account for 45.
26%, and more than half have bachelor’s degree or above.
Desai Xiwei promotes the layout of key technologies and the rapid commercial landing, and realizes the pre-production and mass production of the frontier product portfolio of many types of industries.
Taking the domain controller solution as an example, Desai Xiwei realized the comprehensive layout and landing of domain control from lightweight to medium and high computing power, and created the industry and its own fist products.
Huawei’s smart car solutions business began to enter the stage of large-scale delivery in 2023.
Huawei’s smart car solutions business generated sales of 4.
7 billion yuan, up 128 per cent from a year earlier, according to the data.
Huawei attaches great importance to research and innovation.
In 2023, Huawei invested 164.
7 billion yuan in R & D, accounting for 23.
4% of the annual income, and the cumulative R & D expenditure in the past ten years exceeded 1.
11 trillion yuan.
Wu Zhao, global partner of Roland Berger, said that spare parts companies are ushering in the window of going out to sea and moving towards global operation, requiring companies to deepen their operations and quickly iterate in order to seize global opportunities and form a second growth curve driven by overseas markets.
, 
, for example, the sea voyage in the Ningde era in 2023 was remarkable.
In 2023, Ningde Times won the new appointment of many international mainstream car companies, such as BMW, Daimler, Stellantis, Volkswagen, Hyundai, Honda, etc.
, and signed a strategic memorandum of understanding with Stellantis to supply it with lithium iron phosphate batteries in the European market.
, with the recovery of the global automobile industry chain, the recovery of travel activities and the recovery of tire demand, the production and sales of China’s tire enterprises are booming, and the prosperity of the industry is constantly improving.
At present, Linglong Tire has built two production bases in Thailand and Serbia, and plans to build a third overseas factory.
At the end of 2023, Racing Wheel announced that its subsidiary, Racing Wheel Singapore, signed a joint venture agreement with Mexico’s TD to invest 240 million US dollars to build an annual production plant of 6 million semi-steel radial tires in Mexico, which is the first layout of a Chinese tire company in North America.
Ye Shengji, chief engineer of China Automobile Industry Association, said that at present, China New Energy Intelligent Network Automotive has formed a certain development advantage around the world, and automobile supply chain enterprises have seized a rare historical development opportunity to build a Chinese-style automobile industry chain supply chain system.
However, we should also be soberly aware that China still has a long way to go to become a real automobile power, and there is still a lot of work to be done, and there is still a gap between the market competitiveness of domestic parts and components enterprises and international giants.
At the same time, weaknesses and weaknesses can not be ignored.
In this regard, he put forward four suggestions: the first is to further strengthen the research of common basic technology.
The second is to comply with the general trend of interdisciplinary and cross-industry integration.
The third is to speed up the process of going out to sea in the industrial chain supply chain.
Fourth, promote the green and low-carbon development of automobile supply chain in an all-round way.
We expect that through continuous technological breakthroughs and market expansion, Chinese parts companies can occupy a more core position in the global automotive supply chain and contribute more ‘Chinese wisdom’ and ‘Chinese solutions’ to the sustainable development of the global automotive industry.
” Xie Rongbin said.
, attached: “Top 100 Automobile supply chains in China 2024”, “Top 100 Global Automobile supply chains in 2024”, 
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