Parts giant to China technology output

    According to the Automotive News, China's self-owned brands are "under pressure" in their sales volume. Their market share in September dropped to 37.6% in September, a further 2.5ppt while that of foreign-funded brands rose to 62.4%. Therefore, their own brands are eager to improve the quality of automobile products , Actively adopt advanced technology to gain the market share of being eroded. This will result in higher growth expectations from a transnational supplier's perspective.

    Similar to the German mainland and the United States Lear and other large parts manufacturers, most of its revenue in China from the joint venture. However, these giant executives have said manufacturers, more business in the future will come from China's own brand. For example, Chery, Geely and the Great Wall and other independent brand car companies are particularly eager to obtain advanced technology, while China's domestic parts suppliers can not meet the demand, especially in the safety system or energy-saving transmission technology.

    As a result, multinational component suppliers are investing more in China to meet their growing needs. Like mainland companies in the next 5 years will invest 1 billion US dollars (about 61.1 billion yuan); Lear plans to add 4 factories in China by the end of 2016, and the expansion of the existing five factories.

    In terms of technical challenges, there is a clear space for development of autonomous vehicles in China and a potential market for economic development.