"This year China is expected to become the world's third largest automotive producer. This move has made China a target market for global auto parts and related supplies suppliers."
Xinhua Net Hai November 18 (Reporter Pan Qing) According to a prediction from the China Association of Automobile Manufacturers, China is expected to become the world’s third largest automobile producer this year. This trend has made China a target market for global auto parts and related supplies suppliers.
The "2005 Shanghai International Auto Parts and Auto Accessories Exhibition", which will be opened on December 6, will provide a platform for internationally renowned suppliers to find Chinese buyers. According to news from one of the organizers, Adsale Exhibition Services Co., Ltd., more than 200 Chinese and foreign suppliers will appear at the show, including auto parts giants such as Bosch, GE, DuPont and Goodyear. In addition, France, South Korea, Singapore, Japan, Hong Kong, Taiwan and other regions will also participate in the exhibition.
In response to the strong demand in the Chinese market, international suppliers have brought in the latest products and technologies. Car GNS Pioneer Singapore GMS will showcase the latest car navigation products, including hard drive technology for OEMs and life portable car navigation systems for the back-end market, as well as the next generation of intelligent information systems in research. . U.S. General Plastics will focus on exhibiting leading advanced materials technologies in the automotive field, including powertrain and hood applications. The world’s largest supplier of automotive fasteners, Textron, introduced the fastening systems that are being used worldwide for successful vehicles to Chinese automakers. According to the relevant person in charge of Adsale Exhibition Co., Ltd., the rapid growth in automobile production and sales has driven the demand for auto parts and automobile production equipment in the Chinese market. As an exhibition company with more than 20 years of experience in international automotive industry exhibitions, Adsale is very confident that this exhibition has become the focus of attention in the industry. Zhang Xiaoyi, honorary chairman of the China Association of Automobile Manufacturers, said in recent days that China’s auto production in 2005 is expected to exceed 5.6 million vehicles, which will surpass Russia’s position as the third largest automobile producer in the world. In the future, the Chinese auto industry will continue to grow at a level slightly higher than the increase in domestic GDP.
According to Zhang Xiaoxuan, there are four major focuses for the next step in the development of China's auto industry. One of them is to establish a strong industrial base for auto parts, which is exactly what China is interested in in the global auto parts and related products market.
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