When it comes to auto parts industry, we have to talk about auto aftermarket. Automobile aftermarket refers to all kinds of services provided in the whole life stage of automobile after automobile sales. It includes the supply and replacement of auto parts and so on. I think this industry has great potential.

1. Current situation of domestic automobile industry

According to the data of the Ministry of public security, by the end of 2020, the number of domestic motor vehicles is as high as 372 million, including 281 million; the number of motor vehicle drivers is as high as 456 million, including 418 million. In addition, last year, the domestic automobile production and sales were 25.525 million and 25.311 million respectively, and the proportion of domestic vehicles with more than five years of tenure also showed an increasing trend year by year.

2. Current situation of domestic automobile aftermarket

With the increase of car ownership and age year by year, the domestic automotive aftermarket has great development potential. Based on this, SAIC GM has launched auto workshop, GAC has launched Dasheng auto service, BAIC has launched Haozi chain, Chery has launched chebeijian and other auto service chain brands, aiming to build a domestic first-class automobile after market ecological chain platform company. At the same time, Tencent and Ali have invested in tuhu yangche and Kangzhong auto parts chain. Nowadays, both automobile enterprises and capital are frequently empowered in the automobile aftermarket.