Few indicators can be compared with the speed of foreign investment in the Chinese auto parts sector. In 2003, the number of joint venture parts and components companies was almost double that of 2002.
In the United States, Delphi Corporation is a major supplier of General Motors, Visteon Corporation is the largest supplier of Ford Motor Company; in Germany, Bosch Corporation is the largest supplier of German Volkswagen; and Japan Denso Corporation, which ranks as the fourth largest auto parts supplier in the world , is the largest parts and components manufacturer of the Toyota Motor Group. Take the rides of giants of multinational auto manufacturers, and foreign-funded spare parts companies are coming.
Obviously, domestic parts and components companies are not prepared for battles. They are struggling with cost pressures and fighting with the separation of interests of manufacturers. Do you want to "outside" or "inner" first? Now we must make a choice.