According to the report of The Wall Street Journal in June 11, China's auto parts&components manufacturing industry develops well despite economic crisis, overseas markets expansion develops well.

Economic crisis has severe impact on auto parts&components manufacturers of developed countries; the international auto industry begins to pay more attention to China's auto parts&components enterprises.

China ranks as the world's largest auto consumer market, which in a certain extent provides favorable conditions for its parts&components manufacturing industry. At the same time, parts&components suppliers in China through the purchase and development of new technologies, have greatly improved quality of its products.

John Parker, Executive Vice President of Ford Asia Pacific and Africa, said: "The Chinese auto parts&components suppliers' competitiveness has been greatly improved and the overall quality of their products rises very quickly."

Data from Roland Berger's Strategy Consultancy Company show that from 2004 to 2008, China's auto consumption market has expanded 30%. According to the company, China may replace Japan as the world's largest auto producer this year.

Tens of thousands of auto parts&components suppliers in China, through the development of the auto industry, establish a complete industrial chain in a short period of time. At present, China is capable of producing all auto parts&components.

Moreover, China's local enterprises are active in the realization of their internationalization; they either establish joint ventures, or expand their overseas markets by their own efforts. A survey showed that 25% of the enterprises want to further expand their overseas businesses. Last week, U.S. auto parts supplier Tenneco announced to establish a cooperative enterprise with Beijing Hainachuan Auto Parts Co., Ltd., which focuses on the production of auto emission control systems.

Though American parts& components manufacturers have put forward 10 billion U.S. dollars assistance plan for President Obama, it can not save the fate ultimately, the famous parts&component manufacturer Visteon filed for bankruptcy in May, which is excellent opportunity for China’s parts & components manufacturers. As a result of the impact of the economic crisis, the world's major auto manufacturers all turn to China for reducing parts&components production costs.

At present, many auto manufacturers begin to consider moving some of their production sectors to China, which include electronic products production service, and China’s parts&components manufacturers are just weak in auto electronics products.

China's Pearl River Delta region may become the global supplier of auto parts&components in the near future.

Views : 6675

Tags : Auto Parts Sales Develop