With various international auto parts&components giants entering China’s market, they not only bring factories and products, they also bring their powerful influence, unprecedented new opportunities presented for China’s parts&components enterprises, this is also a kind of encouragement for China’s parts&components enterprises, and these enterprises will make progress with high standards and demanding requirements in the product technology, quality and management.

The 11th Five-Year Plan sees rapid development of auto parts &components. The increase of CKD production, increase of autos inventory, continuously growing China’s overseas parts&components market all bring development opportunities for our parts&components enterprises.

The intense competition in CKD market forces CKD production enterprises to coordinate the relations with parts&components factories, they not only lower the purchase price, but also try to increase percentage of home-made products, increase domestic purchase and reduce the production cost, provide opportunities for parts&components factories.

Global purchasing agents shift to parts&components market in China, where the production cost is lower.

Source : english.chinabuses.com

Editor : Grant

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Tags: New Opportunities Auto Parts Components