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The robust growth of the new energy vehicle industry has opened up ample opportunities for companies across the supply chain to reap industry benefits. Spurred by the surge in demand for electrification and intelligent transformation, auto parts companies have witnessed a flurry of mergers and acquisitions this year. Industry experts contend that the auto parts industry is thriving, fueled by a steady influx of orders from within the supply chain and the acceleration of mergers and acquisitions within the sector. Currently, numerous high-quality, globally competitive enterprises have emerged in various segments of the domestic market. Furthermore, the advancement of automotive intelligence and the proliferation of features like smart cockpits and intelligent driving systems are poised to present even more opportunities for domestic parts suppliers.
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