14 Chinese companies on the list of top 100 global auto parts 2022

Recently, the 2022 Global Top 100 Auto Parts Companies list and the 2022 China Top 100 Auto Parts Companies list were unveiled in Beijing. According to the revenue data of global auto parts enterprises in 2021, the top five enterprises in the list of top 100 global auto parts enterprises in 2022 are Bosch, Denso, Continental, Weichai Group and ZF. Among them, Weichai Group, Huayu Automobile, Ningde Time, Hainachuan, Junsheng Electronics, Yuchai Group, Guangzhou Auto Parts, CITIC Decca, AVIC Motor, Zhongce Rubber, Faster, Dongfeng Parts Group, Fuyao Group, Wanfeng Aote and other 14 Chinese companies were listed.

It is worth mentioning that among the 14 Chinese auto parts enterprises listed in the global top 100, 2 are new enterprises, namely Fuyao Group and Wanfeng Auto, and 6 have improved their ranking compared with last year, especially Ningde Time, CITIC Decca and Dongfeng Parts, which have improved 27, 27 and 12 places respectively.

In the list of top 100 auto parts companies in China 2022, the top five are Weichai Group, Huayu Automobile, Ningde Times, Hainachuan and Junsheng Electronics. In addition, the top 100 companies ranked in the parts business revenue exceeded 10 billion yuan 36, 31 and 34 in 2020 and 2021 respectively, Weichai Group is from last year's revenue 249.3 billion yuan to 261 billion yuan, Huayu Automobile from last year's revenue 133.6 billion yuan to 139.9 billion yuan. With revenue of 2.934 billion yuan, Acuity is ranked 100th in the list of China's top 100 companies, while the revenue figures of companies ranked 100th in 2020 and 2021 are 1.924 billion yuan and 2.343 billion yuan respectively.

According to Yuan Wenbo, a global partner at Roland Berger, Chinese auto parts companies are experiencing high revenue growth, driven by continuous innovation, and the two sectors of lightweighting and "software-defined vehicles" are performing well, and their overall earnings still maintain 18% year-on-year growth, although the growth rate has slowed down. New energy automotive segment revenue and profit growth accelerated, while the head of the accelerated technology iteration, industrial chain layout extension, is building a super "moat".

2022 Top 100 Global Auto Parts Companies