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2017 Top 100 Auto Parts Suppliers Ranking: Chinese companies occupy 4 seats

by:Yisheng      2021-06-02

   [Technical Channel of Quanzhou Yisheng Machinery Co., Ltd.] 'Automotive News' (Automotive News) announces the top 100 global auto parts suppliers at the end of the year every year. The 2017 list has been announced a few days ago, occupying the top three It is Bosch, ZF, and Magna. A total of 4 Chinese companies are on the list. Among them, Yanfeng Automotive Trim Systems Co., Ltd. ranked 14th.

   Since 2004, with the support of institutional data, 'Automotive News' has ranked every year based on the supplier’s operating income in the previous year and sorted out the top 100 automotive zeros. Component supplier ranking, so this ranking can also be said to be a barometer of the performance of each supplier in the previous year.

● Bosch once again topped the top ten list, and ZF jumped to second place

   The top spot is Bosch, whose annual supporting revenue in 2016 reached 46.5 billion U.S. dollars. Compared with the second-ranked ZF, it was 8.035 billion US dollars more. In fact, in the 13th ranking, except for Denso's surpassing Bosch in 2010, Bosch continued to top the list in all other years. Bosch's business includes gasoline and diesel power systems, autonomous driving technology, in-vehicle multimedia, battery technology, and electronic appliances.

   ZF ranked second in the previous year and ranked fifth in the previous year. This year, it continues to maintain its growth momentum and jumped to second in one fell swoop. Since 2015, ZF, Germany After the US$15 billion acquisition of TRW, ZF Group’s operating income has grown rapidly, and its ranking has also increased year by year.

   Magna, headquartered in Canada, maintained the same position as last year, ranking third, and supporting revenue increased by 13.42%. The Japanese parts giant Denso was affected by the depreciation of the yen and the cost control of its parent company Toyota. Its supporting revenue only increased by 0.43% compared to 2015, ranking fourth. The fifth place was captured by the German Continental Group, and the familiar Aisin 6AT manufacturer Aisin Seiki ranked sixth with a revenue growth of 21.17%.

   The sixth to tenth places are Hyundai Mobis of South Korea, Faurecia of France, Lear of the United States, and Valeo of France. The top ten parts suppliers are basically From the automobile powerhouse, Canada's Magna and South Korea's Hyundai Mobis are an exception.

●Chinese companies have achieved the best performance in the past year

   In the 2017 list, 4 Chinese companies were shortlisted, namely Yanfeng at 14th, CITIC Dicastal at 71, and German at 81st. Chang Electric, the 93rd Minth Group. Ranked 14th, Yanfeng has set the best result of a Chinese company in the top 100 list, and has also maintained its ranking improvement for three consecutive years since being on the list in 2015. Yanfeng is a wholly-owned subsidiary of Huayu Automobile, a subsidiary of SAIC Motor. The company's business covers automotive interiors, exteriors, seats, electronics and security systems. At the same time, it has also established joint ventures with many foreign parts suppliers.

   Johnson Electric and Minth are both newcomers, while CITIC Dicastal is a Chinese company that has been on the list for 6 consecutive years since 2012. CITIC Dicastal was launched in 1988. CITIC Group invested in the establishment, formerly known as Dicastal Wheel Manufacturing Co., Ltd. Its business currently includes aluminum alloy wheel hubs, automobile chassis, powertrain, body aluminum parts manufacturing, equipment manufacturing, mold manufacturing, product surface engineering, etc.

●The companies with the most and the least growth and the companies with the most decline

   From the perspective of operating income growth, the largest increase is Infana from the Netherlands, reaching a year-on-year growth rate of 59.73%. Inalfa is The world's second largest sunroof supplier, supplying BMW, Mercedes-Benz, Land Rover, Volvo and other automobile manufacturers. In 2011, it was acquired by Beijing Hainachuan Automotive Parts Co., Ltd., a subsidiary of BAIC.

   Dow Chemical in the United States had the least revenue growth, with revenue falling 32.92% year-on-year, followed by Japan's pioneer, with revenue falling 15.22% year-on-year.

●It is written at the end that the powers are still ahead of China in progress

  In this year’s list, Japanese companies are on the list with 28 companies, followed by 22 companies in the United States, and 16 companies in Germany. . The Japanese are leading in the rankings, but the average ranking is that the Germans are higher. However, both Germany and Japan and the United States are historically famous automobile powers, and their lead is understandable and reasonable. However, it must be clearly recognized that the number of Chinese and South Korean companies on the list is gradually increasing, and behind it is the gradual increase in market share.

   As far as my country’s current situation is concerned, in fact, the large-scale auto suppliers are not limited to those on the list, and there are also many suppliers such as Weichai, Wanxiang, Fuyao Glass, etc., which are not on the list. The reason may be that they did not submit their own information. At present, the research and development capabilities of domestic suppliers are gradually improving. Although there is a gap with the international first-line brands, with time and mergers and acquisitions, Chinese parts and components companies still have a lot of potential for progress. (Photo/Text: Quanzhou Yisheng Machinery Co., Ltd. Du Qingwei)

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