According to South Korea, the world’s top 10 auto parts makers are pouring into the “growth engine†of the global automotive market, China. With the declining global auto market, investment in the Chinese market alone is on the rise. On June 14th, according to the Korean automotive industry, South Korea's Hyundai Mobis, which ranks eighth in the global market, will increase its equipment at the ABS (Non-skid Braking) plant in China this year. The module factory also plans to increase production. The construction of Hyundai Motor’s third plant in China and the increased investment of Hyundai Mobis are the basis for ensuring the long-term growth momentum of the Hyundai Motor China market. According to experts in the automotive industry, the size of the Chinese auto market last year reached 14.5 million units (based on sales), and it is expected that the sales volume will increase to 30 million units by 2020, and will increase at a rate of 10% each year for the next 9 years. To this end, the world’s major component manufacturers will also invest in large-scale investment in China at the same time. The third global auto parts manufacturer, the Continental Group, will add 5,000 employees in China this year, representing an increase of more than 30%. By 2014, Magna International, the world’s fourth-largest component supplier, will add eight new plants in China. Magna International currently has 20 factories in China. Johnson Controls plans to invest US$1 billion in China to increase production of battery factories. At present, the annual production capacity of lithium-ion batteries in China's factories has reached 17 million. It is estimated that by 2017, the annual production scale will reach 30 million. In addition, Denso, whose research and development (R&D) investment has increased substantially, will invest USD 91.5 million to build a large-scale R&D center in Shanghai. The "China-prone phenomenon" of major global component suppliers will stimulate the local economy. The professor of autonomy said that in order to respond to the high-end trend of the Chinese auto market, auto parts manufacturers must produce parts that meet their added value, and at the same time strengthen the local brand strategy. Small Auto Spray Painting Line
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