First, commercial vehicles: export growth, raw material prices fell
Domestic large and medium-sized passenger vehicles have a stable competition pattern, stable demand, and significant product differentiation. The price war is unlikely. Coupled with the decline in raw material prices, exports are increasing.
Second, auto parts: international competitiveness is increasingly strengthened
In the past two years, China's international competitiveness in the fields of brakes, automotive air-conditioning, and bodywork has also improved. Exports have started to outstrip imports.
The main reason is that the international competitiveness of domestic commercial vehicles and auto parts has improved, and the average operating profit margin of commercial vehicle parts and components companies is reasonable.