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Jilin Province will increase the structural readjustment of auto parts companies, promote the capital expansion of key auto parts enterprises through mergers and acquisitions, and build a number of core competitiveness, outstanding supporting capabilities, and flagship products with a leading position in China. A large-scale parts enterprise group, and cultivated several parts and components groups with a production value of over 10 billion yuan.
The automobile parts industry in Jilin Province is developing rapidly. The output value of the auto parts industry exceeds 50 billion yuan, and nearly 3,500 kinds of accessory products are produced. However, most of the parts and components companies are small in scale, lack professional support capabilities, and have low product levels, and lack large-scale parts and enterprise groups. In order to speed up the development of large-scale parts and components enterprise groups, Jilin Province proposed that three leading auto parts enterprises in the province, such as the Ford Group, adopt integrated methods such as support for listing, strengthening of joint ventures, and mergers and acquisitions of specialized parts and components within and outside the province. Resources will enable enterprises to realize leap-forward development and build a large-scale parts and components enterprise group with an output value exceeding RMB 20 billion and two households with output value exceeding RMB 10 billion.
In addition, Jilin Province also proposed to support other auto parts enterprises in the province to accelerate the pace of joint ventures and cooperation, and become a professional parts company with strong strength in China. While advancing the merger and reorganization of auto parts companies, Jilin Province also proposed the implementation of structural adjustment of parts and components, focusing on automotive electronics technology, and advancing parts and components through the development of automatic transmission technology, gasoline direct injection technology, and high pressure common rail technology. The main shift from supporting vehicles to supporting cars is to change from low-tech content and low added value to high-tech content and high added value.