Auto Parts and Components Procurement Fair is held in Shanghai Auto Exhibition Center today, and it’s sponsored by Shanghai Transnational Procurement Center. In the following discussion forum, with the theme of “The prospect of China Auto Parts and Components Industry, expert Cai Yiyang said: Auto Accessories Industry in China will have great development within five years.
.

The global financial crisis had a severe influence on the Auto industry last year, according to Cai Yiyang’s survey, however, most of domestic Auto parts exporters saw business growth in North America. "This is mainly due to the large stock in North American Auto markets, and the second-hand Auto markets are developed there, the demands for maintenance parts do not decline significantly.”

However, with the rising of similar industries in South American countries, such as Brazil, China's cost advantage is not appealing; at the same time, the improvement of quality standards and the growing complexity of certification are all barriers to enterprises’ export, the foreign trade enterprises in domestic auto parts and components are in the competitive pressure.

Cai Yiyang said: "New auto sales in China develop in domestic market, after five years, with the increasement of cars inventory, auto accessories industry would have a significant development, and the market will reach about RMB 200 billion (about USD 29.33 billion)."

Martin • Locksdome, Professor of Sino-Europe International Business School, also think that China has become the world's largest auto market, the major auto makers have come to China for market shares, "Therefore, in such circumstances, how to implement the localization strategy, build strong partnership with the Chinese suppliers, all become the problem to be solved by the Auto industry giants. "

Lao Jianying, representative of Shanghai Swedish Trade Promotion Council, said: As the representative of procurement party, she hopes that the Chinese suppliers to provide products with good quality; at the same time, suppliers should also have a high degree of social responsibility. It is reported that in order to help the Chinese suppliers to learn relevant knowledge, a Three-year Suppliers Development Plan is under planning.

Around 7 world renowned buyers, such as Volvo and more than 80 Chinese suppliers participated in the promotion fair, through pre-matching, negotiation ratio among the buyers is 1:15, thus ensuring the efficiency of the Fair and making it more targeted.

Source : english.chinabuses.com

Editor : Grant

Views：2747

Tags: Auto Accessories Industry China Development