Top 100 global automotive parts suppliers in 2023, with 13 Chinese suppliers on the list!

Recently, the American magazine Automotive News released the 2023 Top 100 Global Automotive Parts Suppliers list, with Bosch, Denso, ZF, Magna International, and CATL ranking in the top 5. Last year's fifth ranked Aisin Precision fell to seventh. The specific list is as follows:

The other companies that entered the top ten are: Hyundai Mobis maintains its 6th ranking unchanged; Aisin Precision Machine's ranking has dropped from 5th place to 7th place; Freya slipped from 7th place to 8th place; Continental Group's ranking declined by one place to ninth place; Lear maintains its 10th ranking unchanged.
It is worth mentioning that there are a total of 13 Chinese companies on the list this time, which is 3 more than the list in 2022. Of course, this is also the ranking with the highest number of Chinese companies on the list in history.
Looking at the global parts ranking list, it can be seen that the pattern of the parts industry is quietly changing. Emerging businesses are moving upwards, while traditional businesses are moving downwards. The proportion of high-tech businesses such as electrification, intelligence, and networking in the automotive industry is increasing, becoming an important engine for performance improvement.
Emerging businesses become new engines of growth
Since 2005, American Automotive News has released a list of the top 100 global automotive parts suppliers, ranking them based on their previous year's revenue (sales) in the automotive industry's supporting market business. Therefore, the evaluation criteria for the 2023 Top 100 list are the performance of each supplier in 2022. In addition, some larger component suppliers did not make it to the list, perhaps because they did not submit relevant data.

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