Analysis of Downstream Industries of Car Body Stamping Parts

The downstream industry of the automobile body stamping industry is the automobile manufacturing industry. From the perspective of the division of labor in the automobile industry chain, the automobile parts industry (especially parts products that do not enter the automobile aftermarket) does not directly face the automobile consumer market, and its downstream direct customers are vehicle manufacturers. The cooperation between vehicle manufacturers and parts suppliers is one of the most important cooperative relationships in the automobile industry. Once the cooperative relationship between the two parties is established, it is relatively stable.

At present, my country has gradually developed into a major automobile production and sales country in the world, with the world's leading automobile production and sales. Although market demand was weak from 2017 to 2020 and production and sales continued to decline, my country is still the world's largest automobile country. At the same time, since entering 2021, with the normalization of domestic and foreign epidemic prevention and control measures, and the superposition of the national purchase tax halving policy and local government policies to promote automobile consumption, my country's automobile industry consumer market has continued to pick up, driving up production and sales. In the future, with the continued growth of my country's national economy, the continuous increase in residents' income level, the gradual improvement of supporting infrastructure, and the strong support of relevant industrial policies, China's automobile market production and sales will continue to maintain a high level.

According to data, in 2022, my country's automobile production and sales will reach 27.021 million and 26.864 million respectively, up 3.4% and 2.1% year-on-year respectively.

According to market analysis, the main growth point of my country's automobile market since 2021 has come from the field of new energy vehicles. In 2012, the State Council issued the "Energy-Saving and New Energy Vehicle Industry Development Plan (2012-2020)", which proposed specific industrialization goals for the new energy vehicle industry. Since then, new energy vehicles have entered a stage of rapid development with the support of policies. It is expected that my country's new energy vehicles will maintain a long-term and sustainable development trend in the future. According to data, in 2022, my country's new energy vehicle production and sales will reach 7.058 million and 6.887 million respectively, up 99.10% and 95.60% respectively over the same period last year.

At present, my country's downstream market for automobile body stampings includes China First Automobile Group Co., Ltd., Dongfeng Motor Group Co., Ltd., Guangzhou Automobile Group Co., Ltd., Chongqing Changan Automobile Co., Ltd., Zhejiang Geely Holding Group Co., Ltd. and other companies.