Chinese Auto Parts Manufacturers Need More Innovation

www.chinabuses.org: Under the global financial turmoil, Chinese auto parts manufacturers meet a tough period now. Over 10,000 auto part manufacturers exist in 2008, but now estimates 5 percent, or at least 500 auto part suppliers, will be bought out or eliminated.

Zhejiang province is the core place for auto parts manufacturers in China that produce many small-piece auto components. Many of them have stopped production or even gone bankrupt. Auto experts say Chinese auto parts firms should become more innovative and find more channels such as exhibitions and online trading to promote export. Moreover, Chinese auto part manufacturers should invest more in R&D to prepare for the opportunities.

Good news for Chinese auto parts manufacturers from Ford says that it will plan to transfer production and research and development into China to reduce costs. It is a good opportunity to catch.

Related China Bus News

• BYD Delivers 100 Units of 12-Meter Electric Buses to Uruguayan Operator CUTCSA 09-26
• Ankai Bus: High Standards Escort World-Class Event 09-26
• Zhongtong H12 High-end Tourist Bus Officially Delivered to Jilin 09-25
• Ankai Empowers Smart Mobility with Innovative Technology 09-24
• Visiting Invitation: China Buses Expo 2024 in Shanghai China 09-20
• Foton eVIEW GRAND World Debut in Saudi Arabia 09-20
• Higer Bus Shines at the IAA Transportation 2024 in Hannover 09-19
• Zhongtong H13E Debuts at the 2024 IAA Transportation in Hannover 09-19
• First Appearance of Higer Bus at the IAA TRANSPORTATION 09-14
• Consul General of Australia in Shanghai Visits Bonluck Bus Company 09-14
• Shudu Bus Delivers 100 Buses to Nigeria 09-14