China's auto parts champion: the annual revenue exceeds 210 billion, known as the king of domestic engines

Not long ago, the "Top 100 Auto Parts Enterprises List and Interpretation White Paper" was released. It is reported that among the top 100 auto parts companies in China, there are 31 companies whose parts revenue exceeds 10 billion yuan, and four companies whose revenue is more than 50 billion yuan.

Let's take a look at the top ten. The tenth domestic auto parts company is CITIC Dicastal, with a parts business revenue of about 26.575 billion. CITIC Dicastal is an aluminum wheel manufacturing enterprise established by CITIC Group in the 1980s. Its predecessor was Dicastal Wheel Manufacturing Co., Ltd. It mainly produces high-strength and lightweight auto parts products, and has developed into a world-leading lightweight, modular, and large-scale comprehensive parts enterprise with core technologies and independent brands.

The ninth place is Zhongce Rubber Group, with a revenue of about 27.6 billion yuan from the parts business. Zhongce Rubber is one of the top ten tire companies in the world. It is a large-scale tire company integrating tire research and development, production, sales and automotive aftermarket services. It has 38,000 brand stores. It owns well-known tire brands such as Chaoyang, Weishi, Haoyun and Quanuo.

Guangxi Yuchai Machinery Group ranked eighth, with a revenue of about 29.49 billion yuan from the parts business. Founded in the 1950s and headquartered in Yulin, Guangxi, it is guided by the matching of engine and new energy key core components, forming a set of internal combustion engine industry, new energy vehicle industry, supporting key components industry, terminal equipment manufacturing industry and business trade. It is a comprehensive agglomeration industrial base integrating the financial logistics industry.

The seventh is Guangzhou Automobile Parts Co., Ltd., with an income of about 31.9 billion yuan; the sixth is China Aviation Automotive Systems Holdings, with an income of 35.5 billion yuan. The main business scope is the design, manufacture, sales and after-sales service of automobiles, cars, engines and parts.

Ningde Times New Energy Technology ranked fifth, and its parts business revenue reached 45.788 billion. It is the world's leading lithium-ion battery R&D and manufacturing company, focusing on the R&D, production and sales of new energy vehicle power battery systems and energy storage systems, and is committed to providing first-class solutions for global new energy applications. The usage of power battery system ranks first in the world for three consecutive years.

Ningbo Joyson Electronics ranked fourth with a revenue of 61.7 billion yuan. This is a global excellent supplier of auto parts, mainly dedicated to the R&D and manufacturing of intelligent driving systems, automotive safety systems, new energy vehicle power management systems, vehicle networking and high-end automotive functional parts assemblies. It has won many excellent supplier awards from Porsche, Volkswagen, GM and other automakers.

The third place is Beijing Hainachuan Auto Parts Co., Ltd., with revenue of 65.306 billion. With more than 1,500 patents and more than 2,000 two-level R&D teams, it provides supporting guarantee services for more than 40 well-known vehicle companies in the world, and has formed close cooperation with more than 20 top auto parts groups in the world. The products cover five series of "automotive interior and exterior trim systems, car seat systems, automotive electronic systems, automotive heat exchange systems, automotive chassis and other systems".

Huayu Automotive Systems ranked second, with a revenue of 144.023 billion yuan from the parts business. Huayu Automobile is a comprehensive auto parts system integration supplier that has been deeply engaged in the auto parts business for more than 30 years and covers more than 40 business fields. More than 120,000 employees around the world provide high-quality localized R&D and supply services for vehicle customers.

China's auto parts leader: China's top auto parts company is Weichai Holding Group, with a revenue of 216.467 billion yuan from parts business. The group has business segments such as power system, automotive business, construction machinery, intelligent logistics, agricultural equipment, and marine transportation equipment around the world. Successfully built a pattern of coordinated development of powertrain (engine, gearbox, axle, hydraulic), vehicle and machine, intelligent logistics and other industrial sectors. Among them, Weichai produces ten series of diesel engines, with a total of more than 1,000 varieties, with a power range of 8-2250 kilowatts. The products are widely used in heavy-duty vehicles, buses, construction machinery, agricultural machinery, as well as power generation, drainage and irrigation, and ship power. It is hailed as the king of domestic engines by the media.