It is becoming a global trend for auto parts manufacturers to break away from vehicle manufacturers and form specialized parts groups. Almost all internationally renowned auto and parts companies have established joint ventures or wholly-owned enterprises in China, and more than 1,000 technology joint ventures have been introduced. A number of domestic auto and parts companies with high technology content, good efficiency and large scale have gradually grown up. With the international auto industry beginning to implement the "global procurement" strategy for parts and parts and the internationalization strategy of international multinational auto companies, there will be huge gaps in parts and components in the domestic market. By 2010, the domestic output value of China's auto parts will reach 700 billion yuan.