China still far behind world leaders
Although local car manufacturers in China are beginning to become known, it is not the same for car equipment manufacturers and their growth is still difficult to gauge. China has four local suppliers whose turnover is above $1.5 billion, according to the Strategy Analytics company. Several of them depend on Chinese manufacturers such as Huayu Automotive Systems, a 60% owned subsidiary of SAIC, the leading player on the national market, with sales of...