KOTRA's 26th Daily Report stated that last year, China’s automobile production and sales volume increased by 37% and 35% from the previous year to 4.44 million and 4.37 million, respectively, ranking third and fourth respectively in the world. At the same time, most Chinese auto parts manufacturers lack the ability to research and develop products, and the production of new products mainly depends on the introduction of technology and equipment from abroad. Therefore, if Korean companies actively explore the Chinese auto parts market, they will likely succeed.
In terms of exploring the Chinese auto parts market, KOTRA suggested that it could be first established in South Korea for companies such as Hyundai and Kia that have established legal entities in China; then it could be used with major Chinese auto manufacturers such as Shanghai Volkswagen and Changan Auto that are adjusting their accessories companies. Business cooperation; In addition, it can also strengthen cooperation with foreign accessories companies entering the Chinese market, and attach importance to the supply of spare parts in the field of after-sales services.
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