In recent years, with the increase of car ownership, the automotive parts market has experienced vigorous development. Not only is the demand for traditional automotive parts such as engine components and brake systems not decreasing, but emerging parts markets are also gradually emerging, such as intelligent in car systems and electric vehicle charging equipment. These emerging accessory products have brought new momentum and opportunities to the entire automotive industry chain. However, the automotive parts industry also faces some challenges. Firstly, there are challenges brought about by technological innovation. With the development of automotive intelligence and electrification, higher requirements have been put forward for the technical level and quality of automotive parts. Secondly, the intensification of market competition has led to fierce competition among domestic and foreign accessory companies, frequent price wars, and how to enhance technological innovation capabilities and brand influence has become an important issue for enterprise development. In addition, the impact of policies and regulations on the automotive parts industry cannot be ignored, and environmental requirements and quality standards have put forward higher requirements for parts production enterprises. In the future, the automotive parts industry will continue to maintain a rapid development momentum, and trends such as intelligence, electrification, and environmental protection will become the development direction of the industry. Enterprises should actively expand into emerging markets, enhance their technological innovation capabilities, establish brand image, and improve product quality to cope with fierce market competition. At the same time, we will strengthen cooperation and exchanges, explore new development paths, and jointly promote the sustainable and healthy development of the automotive parts industry.