China's auto parts companies are still small

People's Daily Online Beijing, February 27 (Reporter Zuo Ya) The reporter learned from the China Auto Parts Industry Survey Research Conference held today that: China's auto parts industry has developed rapidly, but the scale of the company is still small, and the enterprises above designated size 80% of sales revenue is less than 100 million yuan. In addition, the level and quality of technological innovation in China's auto parts industry also need to be improved. Research shows that less than 43% of auto parts enterprises in China have patents, of which less than 20% have patents for inventions.
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