The rapid development of the automotive industry has driven the rapid development of the automotive parts industry and the rapid growth of exports. According to customs statistics, in the first half of this year, the province’s exports of auto parts worth 6.11 million US dollars, an increase of 1.3 times compared with the same period last year. Mainly exported to Europe, South Africa, the United States.
As the world's automobile manufacturing industry accelerates its transfer to China, foreign parts and components companies have also followed OEMs to invest in factories in China or carry out technical cooperation with domestic parts and components factories. At the same time, the world's automobile manufacturing industry has increased its procurement efforts in China, established a parts and components production and procurement network, integrated China into its global business network, and brought huge business opportunities for the export of auto parts and components. The enterprises in our province have certain export potential in spare parts production. In 2004, the state still maintained a 17% export tax rebate rate for auto parts exports, which also directly stimulated the export of auto parts by enterprises in our province.
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