According to the China Association of Automobile Manufacturers reports that auto parts industry is expected to realize 1.2 trillion Yuan (US$154.42 billion) in gross industrial output value by 2010. That includes 630 billion Yuan in output value for the original equipment manufacturer (OEM) market, 170 billion Yuan in the auto aftermarket and 400 billion Yuan from exports. By the year of 2010, spending on research and development is expected to account for 30 percent of total sales.

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