Komodo
News Center
08
2025
-
05
The surge in demand for new energy vehicles coupled with export expansion has led to a surge in performance for automotive parts companies across the board
In 2024, China's new energy vehicle industry delivered an impressive performance: the annual output reached 12.888 million vehicles, a year-on-year increase of 34.4%; Sales reached 12.866 million units, a year-on-year increase of 35.5%. This high growth trend directly drives the performance of upstream component companies in the industrial chain to climb. According to statistics, more than 30 companies in the A-share automotive parts sector, including Shuanglin Co., Ltd., Taide Co., Ltd., and Meili Technology, achieved significant growth in net profit in 2024. Among them, Shuanglin Co., Ltd. led the way with a net profit increase of 514.49%, and its demand for new energy electric drive system equipment surged, with a net profit of 497 million yuan for the whole year; Ted Corporation's net profit increased by 216.53% year-on-year, with high-end precision bearing technology research and development becoming its core competitiveness.
Overseas markets become the second growth pole
According to data from the China Association of Automobile Manufacturers, China's automobile exports reached 5.859 million units in 2024, a year-on-year increase of 19.3%. The expansion of exports has injected new momentum into component companies. Feilong Group's overseas sales revenue accounted for 55.13%, and deepened customer cooperation by increasing investment in overseas bases; Lauder Technology's European business has achieved bulk supply and plans to invest 200 million yuan to build a factory in Thailand. According to data from the General Administration of Customs, the export of lithium batteries in the first quarter of 2025 increased by 18.8% year-on-year, reflecting the continued acceleration of core components going global. Industry trends show that the industrial chain is transitioning from simple exports to "localized overseas production", and global layout has become a strategic focus for enterprises.
Technological upgrades and order reserves solidify the future
Under the wave of intelligence and electrification, component companies are seizing the market through technological iteration. Meili Technology acquires 69.04% equity of Shanghai Nuclear Engineering Disc Spring Company, expanding its high-end market share; Jingu Co., Ltd. has been designated by a leading new energy vehicle company to develop low-carbon wheel products. Frequent occurrence of large orders: the subsidiary of molding technology has received 2.07 billion yuan in exterior parts orders, and the expected sales revenue of Xingyuan Zhuomagnesium alloy parts project is 650 million yuan. The China Association of Automobile Manufacturers pointed out that with the promotion of the "trade in" policy and the increasing demand for intelligence, the parts industry is expected to continue to benefit from structural opportunities.
NEWS INFORMATION
2025-05-08
Comprehensive comparison between fuel vehicles and new energy vehicles: what is the difference?
As oil prices continue to rise, many fuel car owners are lamenting the increasingly high cost of owning a car
2025-05-08
Global Electric Vehicle Development Prospects in 2025: Accelerating Transformation and Coexisting Opportunities and Challenges
Currently, the global electric vehicle industry is in a critical stage of technological iteration, market expansion.
2025-05-08
By 2024, China's automobile exports will exceed 6 million units, and the export of new energy vehicles will cross the 2 million unit mark for the first time
Starting from a significant base in 2022, China's automobile exports have achieved remarkable growth in the following years.
Contact Us
ADD: 18-6, No. 8, West Taishan Avenue, Liangjiang New Area, Chongqing,China.
