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Multinational auto parts manufacturers to accelerate in China “investment in the territory”
Release time:
2018-07-23
Changsha, February 22 (Reporter Chen Liming) - On February 20, the German Bosch Group invested 4.3 million euros in a modern logistics center in Changsha, Hunan Province, breaking ground on the project, which, upon completion, will greatly enhance Bosch's automotive logistics network operational capacity in central China.
Changsha, February 22 (Reporter Chen Liming) - On February 20, the German Bosch Group invested 4.3 million euros in a modern logistics center in Changsha, Hunan Province, breaking ground on the project, which, upon completion, will greatly enhance Bosch's automotive logistics network operational capacity in central China.
In recent years, Bosch Group's investment in China has been expanding at a high speed. 2005, the group's investment in China amounted to about 600 million euros; between 2005 and 2007, it invested about 600 million euros in China to expand its business. Bosch (China) Investment Co., Ltd. President Peng Deyuan said that the next two years, Bosch's investment in the Chinese market speed and strength should not slow down significantly.
Statistics from China Automotive Technology Research Center show that more than 70% of the world's top 100 auto parts suppliers have come to China to carry out business, and more than 1,200 foreign enterprises are engaged in auto parts production in mainland China. In addition to Bosch, the world's top 500 companies, one of the world's largest auto parts supplier Delphi has 13 production plants in mainland China, 43 categories of products launched in the Chinese market. The industry believes that multinational auto parts manufacturers to step up their entry into the Chinese market, which is the biggest incentive to seize the Chinese market. In addition to China's relatively low labor costs, as well as China's tariff policy on imported auto parts, to some extent, also promoted the foreign auto parts manufacturers in the Chinese market expansion rate. According to China's “constitute the vehicle characteristics of auto parts import management measures” stipulates that greater than or equal to 60% of the value of the vehicle parts and components levied the same tariffs as the vehicle. Therefore, when multinational companies put into production new cars in China, the engine, transmission, axles and other key components to China to produce, or join hands with Chinese enterprises to establish parts and components to meet their own needs of the supporting system, has become an inevitable trend.
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