Although it has made great progress, compared with developed countries, China's auto parts(include Stabilizer link For Toyota Hilux Vigo) manufacturing industry has a relatively short development period, with small scale and low degree of specialization, and its share is not high. The data shows that the domestic auto parts(include Stabilizer link For BMW X1) market, foreign companies and Hong Kong, Macao and Taiwan investment companies only accounted for 49.25%, but its market share is as high as 70%. It can be seen that there is still much room for improvement in China's auto parts(include tie rod end) manufacturing industry.
Shared by Ellen from TaiZhou Dongna Mechanical&Electrical Co Ltd, Factory of auto parts over 10 years.