Top 100 global auto parts suppliers in 2022: 10 Chinese companies on the list

On June 27, Beijing time, Automotive News released the 2022 Top 100 Global Auto Parts Suppliers list.According to the latest list, the top five are still Bosch, Denso, ZF, Magna International, and Aisin Seiki; Hyundai Mobis’ ranking has risen by 1 place from the seventh place last year; Faurecia and Sea After the merger, the new group Freya ranked 7th; after the separation of Vitesco Technology, Continental dropped 2 places to 8th; BASF also entered the top ten; Lear's ranking dropped slightly to 10th .

Image credit: Automotive News

As is customary, Automotive News ranks suppliers based on their operating income (sales) in the automotive industry ancillary market for the previous year.Therefore, the evaluation criteria for the Top 100 Global Parts Suppliers List in 2022 is the supplier's performance in 2021.When participating in the selection of the top 100 list, suppliers need to provide company name, headquarters location, contact information and related data.Therefore, some of the larger component suppliers did not make the list, perhaps because they did not submit relevant data.

List overview: Most revenue growth

Of this year's Automotive News 100 companies, 84 have increased their 2021 revenue compared to 2020.The top 10 companies have combined revenues of $321.5 billion, up 10% from 2020 and a 2.2% increase from 2019.

Despite the challenges facing suppliers, mergers and acquisitions and other transactions have continued at a steady pace.Among them, the most noteworthy may be Faurecia's acquisition of a controlling stake in HELLA.The transaction was announced in 2021 and was officially completed on January 31 this year. The new group after the merger was named FORVIA and the Chinese name was FORVIA.In this year's top 100 list, Faurecia ranked 7th, while on last year's list, Faurecia and Hella ranked 8th and 41st respectively.

In addition to Freya and Vitesco Technology, seven other companies are new members of this year's list, namely Freudenberg Group (47), SK On (68), and Noble Automotive Systems (81). , Ningbo Top Group (90), ABC Technologies (97), Aludyne (98), Neapco Holdings (100).

China has 10 companies on the list, with two new additions

The companies on the list this year come from 14 countries. Japanese companies still lead the list, with 22 companies shortlisted, a decrease from 23 companies in the 2021 list; 21 companies from the United States are on the list; followed by Germany, with a total of 23 companies. 18 companies are on the list; 10 companies fromChinaandSouth Koreaare on the list; 5, 4, 3 and 2 companies from Canada, France, Spain and the United Kingdom are on the list respectively, while Switzerland, India, Sweden, Mexico and Brazil has one company each shortlisted.

As far as Chinese companies are concerned, there are 10 companies on the list this year, two more than last year.The new Chinese companies on the list are Noble Automotive Systems and Ningbo Top Group, while the 8 Chinese companies on the list last year, Yanfeng, Beijing Hainachuan, CITIC Dicastal, Johnson Electric, Wuling Industry, Minth Group, Anhui Zhongding Sealing Co., Ltd. and Desay SV continue to make the list this year.Among them, Yanfeng still ranks the highest, ranking 16th in the top 100 list, up one place from last year.In addition to the above companies, two subsidiaries of Joyson Electronics, Joyson Automotive Safety Systems and Preh, ranked 44th and 92nd respectively.