The entire vehicle and parts industry propped up the Guangzhou auto industry for a day

In recent years, Guangzhou has witnessed the formal establishment of "Daikaxu" Aluminum Alloy Wheel Co., Ltd., a joint venture between Guangzhou Dongling Group, Daica Wheel Manufacturing Co., Ltd. (a subsidiary of China International Trust & Investment Corporation), and Japan's Asahi Corporation. This development is part of a broader trend where R&D centers and manufacturers of automotive wheels have chosen to locate in Guangzhou following the success of Honda Motor in the region. To date, over 50 core suppliers of Honda parts—companies with decades of global experience working with Honda—have either already settled in Guangzhou or are in the process of doing so. Guangzhou’s strategy of leveraging the automotive industry to attract and develop the parts and components sector has proven successful. The city understands that parts are the backbone of the automotive industry. While the automobile sector in Guangzhou has grown rapidly, with major Japanese automakers like Honda, Nissan, and Toyota establishing operations, the city recognizes that this is only the beginning. A strong component industry is essential for long-term growth, technological advancement, and cost efficiency. Without a robust supply chain, the entire vehicle industry risks becoming just an assembly business. Lin Shusen, member of the Standing Committee of the Guangdong Provincial Party Committee and Secretary of the Guangzhou Municipal Party Committee, once used an example to illustrate this point. In the past, Guangzhou was known for producing "Wuyang" bicycles, with multiple factories manufacturing everything from frames to pedals and chains. However, as smaller factories around the city began producing bicycle parts, local production shifted toward simple assembly. The same pattern emerged with motorcycles, which many once thought were complex to produce. Today, Guangzhou hosts more than 20 designated motorcycle manufacturers, most of them private enterprises, due to the advanced production of motorcycle parts in the region. This lesson applies to the auto industry as well. Assembly alone does not define a full industry. With the right development of the auto parts sector, car design and production can become more efficient. Guangzhou is actively pursuing this by investing along the industrial chain and organizing teams to visit countries such as Japan, South Korea, Malaysia, and Hong Kong and Taiwan to attract core suppliers. Currently, Guangzhou's auto parts industry is still developing, with over 50 specialized suppliers and more than 200 companies offering auto-related services. In 2003, the output value of auto parts reached approximately 11 billion yuan, while the total auto industry output was significantly lower. The ratio of auto parts to整车 (complete vehicles) was roughly 1:1.7. Guangzhou aims to increase this ratio to 1:0.67 within the next decade, with the goal of achieving a 100 billion yuan output value for auto parts. To accelerate growth, Guangzhou is encouraging core suppliers to set up factories in the city, leveraging its existing production capacity. This approach has led to a significant increase in foreign investment in the auto parts sector. In 2003, contracted foreign investment reached USD 313 million, a 165% increase compared to the previous year, making it the highest among all industries. Companies such as Aipake, Aiji, and Stanley have established operations in Guangzhou, contributing to the formation of industrial clusters in areas like Huangpu, Huadu, Zengcheng, Baiyun, and Nansha. Additionally, the production base of Dongfeng Daily has settled in Huadu, attracting over 110 auto parts companies, 32 of which have already relocated there, with seven more under construction. The "Daikaxu" aluminum alloy wheel hub project, jointly invested by Asahi Corporation, China International Trust & Investment Corporation, and Guangzhou's Dongling Group, aligns perfectly with Guangzhou’s vision for the auto parts industry. The first phase of the project involves an investment of 170 million yuan, with a production capacity of 1 million wheels. Once fully completed, the facility will be capable of producing 5 million wheels annually, supporting up to 1 million vehicles. It will become one of the largest aluminum wheel R&D, production, and sales bases in China. Asahi Corporation holds over 35% of the domestic wheel hub market in Japan and also engages in various other sectors, including environmental protection and electromechanical equipment. The company uses advanced technologies such as low-pressure casting and ultra-precision machining centers for the production of parts for aircraft, automobiles, and other industries. They are keen on forming partnerships with Chinese companies in the future. Source: People's Daily

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