Guangdong auto parts market for 5 years or 300 billion yuan

Abstract Taking advantage of the opportunity of group-to-group transfer of Europe and Japan, Guangdong will build five auto parts industrial parks this year and complete 100 investment projects each year. The Guangdong Provincial Economic and Information Commission is seeking comments on the “Accelerating the Development of the Auto Parts Industry to Further Improve the Automotive Industry System Action Plan”...
Grasping the opportunity of the group transfer of the European and Japanese parts groups, Guangdong will build five auto parts industrial parks this year, and complete 100 investment projects each year. The Guangdong Provincial Economic and Information Commission is seeking comments on the “Action Plan for Accelerating the Development of the Auto Parts Industry and Further Improving the Automotive Industry System”.

According to the analysis, within 5 to 8 years, Guangdong's parts and vehicles will achieve an output value of more than 300 billion yuan. In addition, it is reported that industrial production in Guangdong has gradually recovered. Last year, the added value of industrial enterprises above designated size reached 2,198.81 billion yuan, an increase of 8.4%, and the total retail sales of social consumer goods was 2,267.71 billion yuan. This year, the added value of industrial enterprises above designated size will increase by 8.5%.

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