Auto Parts Giants Emerge Soon

www.chinabuses.org: Currently, there are more than 4,000 component companies in China and most of them are small and low-level manufacturers. China's domestic auto components industry remains too fragmented and weak to independently support fast development of vehicle production. Furthermore, the global financial crisis is lingering and it is impacting many auto parts companies. According to related statistics show that nearly 10 percent component manufacturers are eliminated.

According to the Chinese Government's short-term plans, it will form some "internationally competitive" major groups over the next few years, with the consolidation of local components producers. The government has also set a target that the export share of domestic components companies will exceed 40 percent of its total sale by 2010. The sale of Chinese auto parts will enter the fast lane at that time.

Related China Bus News

• ZF and Foton Expand Strategic Partnership to Hybrid Transmission for China Market 09-20
• Pangood “X-POWER” Pushing Commercial Vehicles into the Era of Wheel Drive 09-19
• IAA Transportation 2024: ZF Further Expands Its Position as a Pacesetter of the Commercial Vehicle Industry 09-18
• Dongfeng Cummins Integrated Gas Powertrain: High Performance Creates High Value 09-12
• The New Generation of Dongfeng Cummins Engine D7.0 08-30
• ZF Drives Commercial Vehicles Innovation to Shape the Future of Transportation 08-23
• ZF Plans to Manufacture Two More Electric Axle Drives in Germany 08-14
• Jing-Jin Electric Reached a Strategic Cooperation with Dongfeng Dana Axle 08-08
• Dongfeng Cummins D4.5FE Engine 08-07
• Dongfeng Cummins Achieves Over 5 Billion Yuan in Sales in the First Half of 2024 08-05
• ZF Releases First-Half Financial Report with Sales Reaching 22 Billion Euros 08-01