At present, domestic auto parts manufacturers' R&D costs account for 2% to 3% of their sales revenue; this is 1% higher than complete vehicle companies. Parts companies mainly carry out joint development with multi-national companies. About 70% of the world's top 100 auto parts companies have founded plants in China and over 1,200 foreign auto parts companies have made investments in China. In order to reduce costs, multi-national automakers' parts production in China is increasing gradually. The parts produced by Bosch, Delphi and Denso in China not only supply to domestic complete vehicle companies, but also to overseas plants. Analysts say that domestic parts companies are currently increasing the supply to the whole world, based on annual production of 7.2 million vehicles.
Fuel Tax to replace road tollAn official from the State Administration of Taxation said on Sep. 13 that fuel tax will replace road tolls in future. After fuel tax for petrol and diesel is charged, various administration fees such as road tolls and surcharges will be removed.
BMW sues Shuanghuan CEOThe BMW Group has recently submitted a complaint about the China Automobile Deutschland to the Local Court of Munich, stating that the Shuanghuan CEO is suspected the plagiarizing the BMW X5 and German dealerships should stop importing this model from China. |