HyUnion Holding recently clarified the direction of its automotive components division in response to market interest about its product mix and overseas exposure. The company stated that its auto parts business mainly revolves around the production of safety structural parts and body welding components, which are critical to vehicle strength, safety, and durability. These components form the backbone of modern automobile designs, serving both traditional fuel vehicles and new energy vehicles. While HyUnion is actively supplying to many well-known carmakers—both domestic Chinese brands and global OEMs—it emphasized that its overseas revenue contribution remains relatively small. Instead, the company has prioritized strengthening its domestic supply chain partnerships, particularly with automakers undergoing rapid transitions to lightweight body structures and safety upgrades. Industry observers note that HyUnion’s focus on safety components positions it favorably in the growing market for electric vehicles, where weight reduction and structural integrity are essential. At the same time, the limited share of overseas business signals an opportunity for future expansion. Analysts expect HyUnion to gradually increase export activities as it leverages experience in domestic markets, balances demand fluctuations, and adapts its welding and structural product lines for global compliance standards.
Auto Parts Business Focus on Safety Structural and Welding Components
2023/06/08