In an interview with a reporter, Mr. Chen Bingyan, Director of the Parts Department at the China Automobile Industry Association, highlighted that most of China’s automotive parts companies are small and medium-sized enterprises (SMEs) that struggle to maintain independent and comprehensive R
"Chinese automotive parts companies are predominantly small and medium-sized enterprises (SMEs), which often struggle to establish independent and comprehensive R&D teams. As a result, original innovation is limited, and these companies tend to rely more on collective innovation, primarily through t