After years of development, by 2021, the number of automobile manufacturing enterprises in Ningbo has reached over 5000, with an output value of nearly 300 billion yuan (accounting for nearly one-third of Ningbo's total industrial output value). Among them, there are more than 1000 enterprises with an annual output value of over 20 million yuan, over 500 enterprises with an annual output value of over 100 million yuan, and more than 40 listed enterprises. It has become the largest industry in Ningbo for two consecutive years.
The main products include engines, automotive interior and exterior parts, aluminum alloy wheels, etc. Ningbo has become an important leading area and innovation highland for the development of the automotive industry in Zhejiang Province, and an important national production base for automotive parts. The automobile industry is the largest industry in Ningbo and a trillion level pillar industry cultivated by the city. The city's automobile production and sales volume are second to none in Zhejiang Province, and the overall scale accounts for half of the automobile industry in Zhejiang Province. By 2025, the automobile industry in Ningbo will reach a new level of trillions, which is a grand vision for Ningbo to become a manufacturing powerhouse and an unprecedented opportunity for enterprises involved in the automobile and parts industry in Ningbo. Consolidating the foundation of automobile manufacturing and achieving the trillion yuan industry goal is a unified understanding and expectation of the whole city and society.