Demand for automotive parts in China continues to grow

The automobile industry is an important pillar of the national economy. With the development of China's automobile industry, a large number of foreign automobile production enterprises have settled in joint ventures and wholly-owned enterprises. China's automobile industry system has gradually improved and the system has grown. In the future, China will continue to give play to the role of the multi-national economy in the automotive industry and continue to develop the automobile industry. The development of the national economy will in turn promote the previous progress of the automotive industry.

China's huge auto industry needs many casting auto parts companies to support it. At present, China is already a world leader in automobile production and export. In the first ten months of this year, China's cumulative total of 851,400 vehicles was exported, an increase of 21.04% year-on-year, and the export value was 11.369 billion US dollars, a year-on-year increase of 28.06%. Among them, the number of cars exported was 416,900, an increase of 36.61% year-on-year; the number of trucks exported was 299,900, an increase of 12.96% year-on-year; and the number of passenger car exports was 102,700, a year-on-year increase of 17.50%. From January to October, a total of 789,500 vehicles of the above three categories were exported, accounting for 92.73% of the total vehicle exports.

The expansion of automobile exports indicates that the scale of production of automobiles is also continuously expanding. The above data is only the number of cars exported by China. Coupled with the number of cars produced and sold by China, China's car production can be listed as a world leader in automobile production. With such a large automobile industry, the large number of foundry auto parts required can be imagined. It is not difficult to see from the current number that the demand for auto parts for casting in China is still very strong.