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17-01-2007 Following
the lead of foreign auto makers, overseas auto parts manufacturers are aware that
fast-expanding Chinese companies may be their next cash cow.
International
auto components manufacturers, which mainly supplied global auto giants, are focusing
more attention on cooperation with Chinese auto makers amid competition from homegrown
auto parts makers.
Foreign auto parts makers such as Delphi, Visteon
Corp and Magna International Inc joined the influx of foreign auto manufacturers
in China in the 1990s.
In the early stages of China's auto industry,
overseas auto parts makers targeted global players as international auto giants
localized production.
About 70 percent of the world's top 100 auto parts
makers have launched in China. The joint ventures and wholly-owned firms for making
auto components amounted to 1,200 with a market share of 60 percent in China.
As Chinese auto makers hold aggressive expansion plans in both home markets
and abroad, an auto analyst said stronger cooperation between Chinese auto makers
and overseas auto parts makers will become a trend that benefits all involved.
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