Foreign-funded parts and components companies betting on China
Under the influence of the economic crisis, the North American automobile market, which occupies the leading position in global sales, is facing a serious crisis. With the downturn in the US auto market, many auto parts makers have reduced their production in the United States and increased their investment in China. The fiercely competitive Chinese auto parts industry is facing new challenges. Component suppliers cut US production At present, the US auto industry is pessimistic. Some auto company executives say that before 2012, the American auto industry will be difficult to recover. As early as a year ago, many auto parts manufacturers announced that they would expand their production scale in the United States. For example, Toyota Motor Corporation parts supplier Toyota Motor Co., Ltd. plans to build automotive interior parts production lines in Mississippi, USA in 2010. Honda Motors parts supplier Stanley Electric plans to increase automobile front-views in Ohio. Lamp production capacity. However, at the end of last year, Asahi Glass Co., Ltd., Japan’s largest auto glass maker, announced that it will reduce its production in North America by more than 25% this year. It is understood that Japan's large automotive lighting supplier Otaru Manufacturing has closed its automotive lighting production line in Illinois. With the declining auto market in Europe and the United States, major multinational auto parts companies have been greatly affected, and now they will look to the Chinese market. It is understood that Nippon Denso Co., Ltd. will increase the scale of investment in China, and it is expected that before the end of fiscal year 2010, sales in China will increase from 10 billion yuan to 14.6 billion yuan. In addition, in September last year, Asahi Glass Co., Ltd. in Foshan, Guangdong Province, officially put into production, this is the company's second investment in China, is expected to produce 1 million sets of automotive glass. Foreign technology companies seek cooperation in China Ricardo announced that it will set up a technology center in Shanghai. The company is a design company specializing in the research and development of engines, transmission systems and electronic control systems. It has been in China for 25 years and has helped SAIC, Chery Automobile, and Chongqing Lifan to develop engines and transmissions. It is understood that the company’s technical research center in Shanghai currently has only 12 engineering and technical personnel, and it is expected that it will reach 130 in 2011. In addition, two large-scale laboratories will be established. “We have all kinds of great opportunities and we firmly believe that this advantage will be maintained.†Lee Sykes, executive vice president of Ricardo China, is confident about the development in China. Wang Shengtang, secretary-general of the China Gear Professional Association, said that foreign-funded companies are gradually realizing that Chinese companies have shifted from buying products to introducing technologies. Therefore, foreign technology companies hope that through cooperation with Chinese companies, they will occupy the Chinese market first. He believes that the economic difficulties the United States is currently experiencing may have a certain impact on the Chinese economy, but the extent of the impact is still uncertain, and there is no doubt that China will demand advanced technology for some time in the future. Therefore, Ricardo accelerated the pace of expansion in China. Pottery Wheel Parts,Ceramic Component,Pottery Parts,Custom Ceramic Parts NINGBO KSION MACHINERY CO.,LTD , https://www.nbksc.com