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.
About Yanfeng:
Yanfeng is a leading global automotive supplier, focusing on interior, exterior, seating, cockpit electronics, and passive safety, and is exploring new business actively. Yanfeng has more than 240 locations and approximately 57,000 employees worldwide. The technical team of 4,100 experts is in 14 R&D centers and other regional offices, with complete capabilities including engineering and software development, styling, and test validation. Focusing on Smart Cabin and lightweight technology, Yanfeng supports automakers to explore future mobility and provide leading cabin solutions.
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