Joint Venture of Auto Parts Reflux for the First Time

On June 5, Faurecia Li, deputy general manager of Faurecia in China, received interview in Beijing with "21st Century Business Herald" and said: "The next step will be to promote the development of the Chinese market through joint venture."

On the signing of the agreement two weeks ago, Johnson Controls and Yanfeng Automotive Trim Systems Co., Ltd. (a wholly owned subsidiary of SAIC subsidiary of Huayu Automotive Parts Enterprise) jointly established a global joint venture for automotive interiors. In early May, Beijing Automotive Group has just formed a joint venture ' Beijing Siemens Automotive Electric Drive Systems Limited. “with Siemens

According to "China Auto Parts Industry Report," for decades, multinational auto companies changes strategies in China. " Foreign enterprises establish new foreign parts factories in China almost with holding or sole proprietorship and few are willing to make joint ventures." Chen Wenkai, Gasgoo CEO, said, in terms of high-tech and core technologies, such as automotive electronics and engine parts and other key areas, foreign enterprises control of up to 90% of the market share.