In the 2022 Top 100 Global Auto Parts Suppliers list published by Automotive News on June 27, Yanfeng has globally ranked 16th with consolidated sales of US$13.757 billion, up one place from the previous year, and continued to maintain its lead as a top Chinese auto parts supplier.
The global automotive market will be full of challenges in 2022, and various suppliers are striving to recover their performance. The sales revenue of the top 30 companies increased by an average of 11.6 percent over the same period last year, and six companies had negative growth. Yanfeng achieved a year-over-year sales revenue growth of 12.9 percent which was higher than the aforementioned average. In terms of new business development, Yanfeng won more than 800 new programs throughout the year from the company’s global customers.
The improved ranking, along with the company’s recent A- CDP rating, showcases Yanfeng’s continued advancement and progress in alignment with the company’s sustainability strategy. In 2022, the company will advance its new business acquisitions, product innovation, digital transformation, and global collaboration.
SOURCE: Yanfeng
