A Study of Auto Parts Industry Absorbing Funds from Venture Capital

Abstract

Auto parts industry has become a new focus with the development of new energy vehicles and electronic technology. And venture capitals provide enterprises with foundations, resources of management and technology. This paper aimed to discuss the attraction between venture capital and auto parts industry, to further promote the development of the auto parts industry. This paper analyzed the correlation and elastic relationship between venture capital and automotive parts industry in Hubei province by Pearson correlation coefficient and the regression equation. Through qualitative analysis and quantitative analysis methods, the paper draws a conclusion that the development of venture capital has a role in promoting the development of the auto parts industry. And auto parts industry should seize the opportunity by some methods.