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Car market surges foreign investment giant auto parts giant China layout
According to recent reports, Wang Zude, a researcher at the China Automotive Technology and Research Center, highlighted that the global automotive industry is moving toward a trend of "strong alliances," where major players are consolidating their positions. This has led to increasingly fierce market competition. Currently, the top six automakers worldwide account for 64% of total global production, while the top 16 automotive parts suppliers control around 40% of the world market share.
In China, the number of vehicles on the road has already reached 34 million, and industry experts predict a significant rise in the next five years, with total vehicle numbers expected to exceed 60 million. This massive market potential has drawn a surge of international investment into the Chinese auto sector. Over 70% of the world's top 100 auto parts suppliers have already established operations in China. There are more than 1,200 foreign-invested companies manufacturing auto components in the country.
Among these, Germany’s Bosch stands out as one of the most active foreign investors. The company has set up 20 factories in China, along with 10 representative offices, 5 trading companies, and an extensive network of 345 service stations across the country. This level of investment reflects the growing importance of China as a key player in the global automotive supply chain. As domestic demand continues to expand, the presence of multinational corporations is expected to further strengthen, shaping the future of the industry both locally and globally.