70% of world auto part manufacturers have rooted in China
According to statistics, 70% of world top auto part manufacturers are setting up factories in China. At present, the number of foreign auto parts manufacturers investing in China has surpassed 1,200.
In order to cut costs, world vehicle manufacturers are trying to find parts suppliers in China. Products of Bosch, Deerfu, Denso and other world giants produced in China are not only supplying Chinese Automakers but also supplying oversea manufacturers.
According to statistics of relevant organizations, MNCs are planning to purchase auto parts of 50 billion US Dollars, 70% of which are planned to buy from China.
Competitive products of Chinese manufacturers are electronic parts, casting parts and some other labor-intensive products.
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