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On November 30, 2012, Bosch opened its second production base in China in the National Hi-tech Industrial Development Zone of Qingdao. In the first half of the year, it also established an automotive electronics joint venture with Chery; another European auto giant Valeo It has already established 22 factories in China. In addition, Magneti Marelli has recently signed a joint venture with two domestic companies. The new company will manufacture automotive exhaust system components in China and will also provide technical consultation, assistance and other after-sales services to automakers in the Chinese market. .
Some experts pointed out that foreign auto parts production companies have accelerated their investment and distribution in the Chinese market. The main purpose is to expect high input to usher in high returns and demonstrate their confidence in the future Chinese auto market. Despite the slowdown in the growth of China's auto market and the gradual increase in competitive pressures, most foreign auto parts companies still believe there is much room for development in the Chinese auto market.
In an interview with reporters, Li Yuheng, a senior research fellow at China Investment Consulting Co., Ltd., said that in view of the global auto market, almost all are in a state of sluggishness, and China’s auto and parts and components markets have not escaped this status quo. Affected by the geographical and population of our country, with the development of the economy and the improvement of the income level of residents, the development of automobiles and parts in China still has a very broad space. At present, parts and components companies can still find profits in technological innovation and unbalanced regional development.