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The auto parts industry has the characteristics of less technology accumulation

Panorama Net, January 3, Xiling Power (300733) IPO and listed on the Growth Enterprise Market Online Roadshow was held on Wednesday morning at Panorama Roadshow World. Tu Peng, executive deputy general manager of the company, said at the event that although my country's auto industry has experienced years of rapid development, while the industrial scale and production and sales continue to expand, the industry growth rate continues to slow down, consumption policy changes and industrial policy upgrades and the Problems such as the continuous extrusion of the downstream have also begun to emerge, which have become unfavorable factors for the future development of the automotive industry. On the other hand, he pointed out that during the "Eighth Five-Year Plan" and "Ninth Five-Year Plan" period, my country's auto parts industry was separated from vehicle manufacturers through technology introduction and transformation of parts enterprises, and private enterprises reduced costs and improved Production technology, improving product quality, and enhancing product competitiveness have gradually developed. Due to the late start compared to the international market, there are still problems in the industry, such as less technology accumulation, weak pricing power, and low safety and environmental protection, which inhibit the development of the industry. specialty. Therefore, Tu Peng said, whether at the level of the auto industry or the auto parts industry, the company may face the challenge of slowing industry growth, and there is a risk of declining demand for main products.

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