Competitive Landscape of Chinese automotive components industry
The Chinese automotive components industry presents a vast market with a large number of enterprises, albeit generally smaller in scale compared to international counterparts, resulting in a dispersed market structure. The industry is gradually maturing, leading to restructuring and an increase in concentration, and indicating a trend towards more grouped and centralized development of component suppliers.
Global resource allocation has become a primary trend
Moreover, the trend of global resource allocation in the automotive industry is becoming more prominent. International car manufactures, aiming to reduce costs and enhance global competitiveness, are focusing on new vehicle development and market launches, leading to a decrease in the self-sufficiency of auto components. Instead, they are globally sourcing and establishing manufacturing plants in emerging markets like Southeast Asia, India, and Mexico.
Additionally, driven by supportive national policies and the implementation of overseas market policies and implementation of overseas market policies, Chinese car manufacturers are shifting from exporting products and services to localizing the production of critical components. Major companies like SAIC, BYD and NIO announced factory construction in Thailand last year.
Million talent gap is driving a continuous rise in industry recruitment demand
Furthermore, the industry faces a shortage of skilled personnel, particularly in the fields of electric vehicle systems (motor, control, battery) and intelligence (smart cockpit, autonomous driving). By 2025, the talent demand in energy-saving and new energy vehicles is estimated to reach 1.2 million, with an expected talent gap of 1.03 million.
Case study of recruitment solutions for automotive and component companies
To address this issue, a case study of recruitment solutions for automotive and component companies in 2023 highlighted how the Chinese automotive industry extended its reach from domestic to overseas markets, emphasizing the crucial role of key talent. Automotive companies are actively driving organizational transformation to create more agile structures.
Lastly, Comrise’s automotive team possesses extensive experience in recruiting talent for the automotive and component industries, maintaining long-term collaborations with leading domestic car manufacturers and top 10 component companies. Our recruitment scope covers senior management positions and various high-level technical roles in automotive and component companies nationwide.
About Comrise
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