Global Auto Parts Competitive Pattern Updated: The Number of Chinese Enterprises on the Top 100 List Keeps Increasing

2026-03-26

In the book Introduction to the World Economy, the author repeatedly stated that with the development of science and technology, various industries are deeply bound together, and if you want to achieve progress in a certain field, you must work together and develop together as a whole.

This is particularly evident in the automotive industry, which is closely related to technological progress and is closely linked to a number of industries. As the emergence of excellent auto parts suppliers in China, not only become an important engine for the development of China's auto market, but also become an important bridge to promote two-way investment and enhance the level of international cooperation.

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Recently, the United States Automotive News announced the 2024 global auto parts supplier list. Reporter statistics found that among the top 100 companies, Japan occupies 22 seats, the United States 18 seats, Germany 16 seats, China 15 seats, South Korea 10 seats, France 4 seats, Spain 3 seats, Canada 3 seats, the United Kingdom 2 seats, Brazil, Austria, Mexico, Sweden, India, Switzerland, Ireland 1 seat each.

"The list not only reveals the competitive landscape of the global auto parts industry, but also profoundly reflects the new trends in the automotive industry under the electrification transition and geopolitical challenges." Zhang Xiang, a researcher at the Automotive Industry Innovation Research Center of North China University of Technology, said that in the context of the rapid growth of the global electric vehicle market, parts suppliers have increased their investment in the field of electric vehicles to seize market share, which gives suppliers focused on new energy vehicle parts a better opportunity for development.

In fact, with the rapid development of China's automobile industry and the continuous progress of new energy vehicle technology, the number of Chinese parts companies on the "Top 100 list" is increasing. From 2020 to 2024, the number will be 7, 8, 10, 13 and 15, respectively.

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"From this change, it can be seen that the business of Chinese parts enterprises is continuing to expand, which is consistent with the trend of 'China gradually leading the intelligent electric transformation of the global automotive industry'." The addition of 'new faces' such as Guoxuan High-tech and Sanhua Automobile Zero this year has added new vitality to China's auto parts industry." Zhang Xiang analysis said.

At the same time that more new players of Chinese components joined the list, China's power battery giant Ningde Times climbed again in the ranking, from the fifth place last year to the fourth place this year, second only to Bosch, ZF and Magna International, highlighting China's leading position in the field of electric vehicle batteries.

According to the latest data released by the China Automotive Power Battery Industry Innovation Alliance, in the first half of this year, the cumulative sales of domestic power batteries were 318.1GWh, an increase of 26.6%. Ningde Times ranked first with 93.31GWh of loaded vehicles, and its market share reached 46.38%, an increase of 2.97%.

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