70% of Biggest Automotive Parts Suppliers Already in China
Looks like the vast majority of automotive part and component suppliers are already doing business in China. Not surprising, having dealt with them on a day to day basis. Translated from this week’s Modern Weekly:
70 of the top 100 automotive part suppliers have already come to China to develop business, and there are 1200 foreign capitalized automotive part producers in China. The clear move toward wholly owned foreign enterprises and strict control over key technologies have become the main focuses of the automotive part and component supply industry in China.
