The 2024 global top auto parts suppliers ranking shows that the revenue of auto parts manufacturers increased by an average of 9% year-on-year, mainly due to the recovery of the global economic supply chain and the expansion of the electric vehicle market.
Bosch Group continues to rank first, while CATL entered the top five with a 23% growth in its battery business. Infineon and Desay SV also performed well, making significant progress in advanced driver assistance systems and smart cockpit fields, respectively.
Chinese auto parts companies have achieved remarkable results in the new energy transition, but they still face challenges such as declining profitability and supply chain uncertainties.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
