A message before the Beijing auto show later seemed far-reaching: on the afternoon of April 24, Guangzhou Automobile Group Passenger Vehicle Co., Ltd. held a signing ceremony for the joint venture project of automatic transmission with Aixin AW Co., Ltd., Japan, which has the highest market share in the global automatic transmission market.According to the joint venture agreement, the two sides will carry out joint venture cooperation in the manufacture, sale, after-sales service and consulting of related technologies of automatic transmission and its related components for automobiles.According to the agreement, the two sides will jointly invest in the establishment of automatic transmission joint venture company with registered capital of $117 million, of which Guangzhou Automobile Passenger Car and Aixin AW share 40% and 60% respectively.
    
     The development of automotive parts industry is an important related industry of automotive manufacturing. Looking at the top 100 automotive parts enterprises in the world in 2017, Japan, as a powerful automotive manufacturing country, ranks first in the number of Japanese enterprises and operating income in the top 100 automotive parts enterprises in the world in 2017, followed by the United States.With the strong driving force of the development of China's automobile manufacturing industry, in 2017, only four enterprises in China ranked among the top 100 in the world.
    
     Since 2011, China's imports of motor vehicle parts and accessories have exceeded 20 billion US dollars annually.Germany, Japan, Korea and the United States are the main import countries, accounting for nearly 80%.The domestic market is monopolized by foreign capital. In addition to importing a large number of automobile parts from abroad, the domestic market is also basically monopolized by foreign capital.According to statistics, 70% of the top 100 automotive parts enterprises in the world have built factories in China, and more than 1200 foreign-funded enterprises have invested in China.
    
     China has become the world's largest automotive production and sales country, but the long-term autonomy of the supply of core automotive parts is poor, the dependence on foreign parts enterprises is strong, and the supply of core parts has been subject to the pain of our automotive industry.Earlier this year, a German spare parts company nearly shut down more than 3 million vehicles in the domestic automotive industry because of the material outage.This fully exposes the fragile side of China's automobile industry.
    
     In fact, this is not the first time that domestic automobile enterprises are affected by the shortage of core parts supply.Guangzhou Auto Chuanqi GS8 gearbox uses Aixin six-speed gearbox in Japan. Due to insufficient supply capacity, the output of Chuanqi GS8 has to be reduced to about 7000 vehicles per month.Guangzhou Auto Chuanqi's responsible person has said on many occasions that if not affected by the transmission supply, GS8 market sales can easily maintain at more than 10,000 vehicles.