The prospect of automotive standard parts projects is broad. Zhejiang enterprises have invested heavily in development.

Zhejiang New Oriental Fasteners Co., Ltd. will spend 120 million yuan to develop standard parts for automobiles, including standard parts such as automobile engines and cylinder bolts. Moreover, Haiyan County Quality Supervision Bureau National Standard Parts Product Quality Supervision and Inspection Center and Scientific Research and Development Service Team also set up a special technical team to assist Zhejiang New Oriental in the development of automotive standard parts projects.

In order to comply with the development of domestic and foreign markets and respond to the needs of the country to increase green energy construction, Zhejiang New Oriental has been able to operate in high-end products in recent years. In March 2008, it successfully developed and put into production various models suitable for railway systems. Pulling rivets and bolts, and based on this, developed and produced rivet products for other industries. At the same time, the company also invested in and produced a series of fasteners for wind turbine systems, and exported to Sweden, Australia and other countries, the products are widely praised by customers.

If the fastener companies do not make product transformation or take the high-end route, the next competition will become more and more fierce. In addition, how to recruit people and how to use people may be the biggest problem faced by fastener companies at present, and what enterprises need to do now is to do a good job in enterprise management and find ways to recruit people who are missing. The people who arrived arrived and let the existing staff stabilize in the company.