In recent years, after the introduction, digestion and absorption, the Chinese automobile axle industry has made significant progress. At present, there are about 220 companies in the national axle industry , which are distributed in major auto groups and regions, forming a group of companies that serve the automotive industry and are interdependent. The domestic vehicle axle industry system has been relatively sound, "heavy medium slight sedan" has developed in an all-round way, and the product structure also has its own characteristics and can meet the market demand. On March 29th, 2011, the "12th Five-Year Plan for Machinery Industry Development Master Plan" issued by the China Federation of Machinery Industry proposed that the focus of the Chinese auto industry is to develop automotive design and manufacturing technologies that meet energy-saving, environmental protection, and safety requirements, and to efficiently clean internal combustion engines. Technology, automotive electronics, and hybrid-car related technologies.
In 2011, China's automobile axle manufacturing industry achieved sales revenue of 238.998 billion yuan, an increase of 16.87% year-on-year; industrial output value of 227.7 billion yuan, an increase of 12.52%, and total profit of 23.673 billion yuan, a year-on-year increase of 26.13%.
The statistics of the "Analysis Report on Market Demand Forecast and Investment Strategic Planning of Chinese Automobile Axle Manufacturing Industry in 2014-2018" by the Industry Research Institute of Foresight Industry show that the rankings of the top ten Chinese automobile axle manufacturers in 2014 are as follows:
Top Ten Chinese Automobile Axle Manufacturing Companies in 2014
1. Shanghai Huizhong Automobile Manufacturing Co., Ltd.
2. Dongfeng Dana Axle Co., Ltd.
3. Liuzhou Wuling Automobile Joint Development Co., Ltd.
4. Liaoning Shuguang Automobile Group Co., Ltd.
5. China Chang'an Automobile Group Co., Ltd. Sichuan Jian'an Axle Bridge Company
6. Zhucheng Yihe Axle Co., Ltd.
7. Hefei Meiqiao Automotive Transmission and Chassis Systems Co., Ltd.
8. Longgong (Fujian) Bridge Box Co., Ltd.
9. Hunan Zoomlion Axle Co., Ltd.
10. Hubei Sanhuan Axle Co., Ltd.
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