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Yesterday, the reporter was informed that the largest parts and components company in South Korea - Wandu quietly in Beijing layout, its occupies 100,000 square meters of auto parts factory has been completed, which is by far the largest component manufacturing plant.
The plant is registered as “Wandu (Beijing) Automotive Chassis Systems Co., Ltd.†with a total investment of US$14 million. The plant will annually produce braking devices and suspension devices for 1 million vehicles. Parts produced at the plant will be provided to Beijing Hyundai, Dongfeng Yueda Kia and other domestic vehicle companies.
According to the prediction of China Association of Automobile Manufacturers, domestic automobile production and sales will exceed 7 million vehicles this year, and it is expected to become the world’s second largest automobile market after the United States two years later. Under its promotion, the domestic parts and components market has also been generally optimistic. The relevant agencies forecast that the domestic auto parts market will reach 150 billion yuan.