Hong Kong Fact Sheet
Languages: Cantonese, English and Putonghua
Religions: Buddhism, Taoism, Confucianism, Christianity, Islam, Hinduism, Sikhism and Judaism (2017)
Hong Kong Geography and Climate
Location: Southeast of the mainland of China, adjoining the province of Guangdong
Land Area: 1,106.34 square kilometers
Climate: Humid Subtropical 10.3°C – 36.3°CC
Hong Kong Economy
GDP: USD$3,679 billion (2021)
Real GDP growth: +6.3% (2021)
Retail Sales Growth: +8.1% (2021)
FDI inflows: USD$ 140.7 billion (2021)
Hong Kong Demographics
Population: 7.40 million (2021)
Introduction of Hong Kong Automotive and New Energy Vehicle Parts Industry
Hong Kong exports a diversity of new energy vehicle devices and critical automotive components.
A wide variety of automotive items are among the largest export categories, given the leading place of Hong Kong as an exporter of a wide range of electronic products.
Although Hong Kong is not an automotive manufacturing hub, many Hong Kong industrialists have been engaged in the auto parts business for decades. In fact, several of them are tier-1 or tier-2 suppliers to leading automotive makers in the US, Europe and Japan.
Hong Kong manufacturers of automotive devices, parts and components is capable of offering more cost effective solutions and a wider and more comprehensive range of products towards foreign automotive and 1st tier part assembly companies.
Comparing with the Mainland counterparts, HKSMEs can offer much higher quality, innovative and stable critical parts that is of strong concern towards foreign new energy vehicle and renowned traditional vehicle makers which place importance of the vehicle.
Hong Kong companies are used to the western culture in protection of intellectual rights and are showing high level of integrity.
Hong Kong automotive parts industries are equipped with cutting-edge technology and advanced facilities for production, and also possessing good technical capabilities and internationally recognized quality management systems.
Many HK SMEs are devoted to upgrading their core competences (such as manufacturing technologies, production capability, R&D technique, etc.). They are ready to explore emerging market, expand industry coverage, as well as fulfill the stringent technical and quality requirements from customers of different overseas countries.