As the US faces a shortage in auto parts, Taiwan External Trade Development Council (TAITRA) is unveiling several case studies to illustrate how Taiwan's auto parts industry is well-positioned to further expand its role in global automotive supply chains.

Apart from the chip shortage, the US and other countries are still recovering from shortages of non-electrical auto parts, causing car owners, dealerships, and repair shops to increasingly turn to aftermarket parts. This shift has driven growth in Taiwan's auto parts industry, which is mainly small and medium-sized enterprises specializing in the aftermarket segment.

This recent growth is largely due to adaptable manufacturing practices, quality products accredited by multiple countries, and competitive pricing on the global stage. The US represents 56% of its auto part export value, and growth has greatly accelerated since 2022 when the largest insurer in the US expanded use of aftermarket parts.

Known for high-compatibility suspension and steering parts, Great Auto Parts stands out for its rack end component. This enhances vehicle safety with its high-tensile strength, durability, and longevity from a proprietary heat treatment, offering 4 to 8 tons of average pull strength—greater than the OEM standard of 3.5 tons.

With over 30 years of CNC machining experience, Great Auto Parts has Taiwan's first dedicated test lab for steering and suspension parts, develops over 150 new products annually, and has fully integrated production.

When searching for a supplier or partner overseas, companies often struggle with finding a suitable company that is trustworthy and reliable, and then communication can pose additional challenges. To accelerate this process and foster impactful synergies, TAITRA serves as a resource and facilitates collaborating with the island's most unique, forward-looking startups and enterprises.  

To ensure buyers collaborate with high-integrity businesses, TAITRA has established real-time, borderless services through a comprehensive trade network of over 60 overseas offices in more than 40 countries worldwide, and the organization holds cooperation agreements with over 500 international trade-related sister organizations.

 

Source: prnewswire.com

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