Looking at the global automobile market in 2009, we can use the phrase “the West is not bright, Dongliang†to describe it. During this period, the news from multinational suppliers of parts and components from Europe and the United States has also mostly been subject to production cuts, layoffs or bankruptcies. Even so, multinational suppliers of parts and components have not relaxed their investment in China, and their "shoupai" China has greater determination and confidence. Supporting the completion of projects under construction as scheduled In 2009, some of the world’s top 100 component companies, such as ZF, Eaton, and Germany’s mainland, launched the new Asia Pacific headquarters building on schedule to enhance their ability to serve the Chinese market. Although Bosch Group, the world’s largest auto parts supplier, once admitted that its global sales are expected to decline by 15% in 2009, Bosch also hosted a spectacular celebration of its 100th anniversary in China in October and stated that Bosch Investment in China, as always, its annual investment in China is still as high as 1.5 billion. In general, when a company's cash flow is in short supply, projects that are advancing are vulnerable to “endsâ€. However, multinational suppliers of parts and components have not relented in China, and many factories under construction have successively declared production. On May 22, the production base of SAIC Fiat Powertrain Co., Ltd. in Chongqing was formally launched. On June 17 and 18, Weibasite declared two new ones in the south and north of China in Changchun and Shanghai. The factory officially opened; on the 19th, Jesse, a joint venture company established by Visteon, Mazda, and Matsushita Electric also announced that its auto-air-conditioning plant in Nanjing had started production. In August of the same year, the ZF Group rubber metal technology business unit and Hella (Xiamen) Automotive Electronics Co., Ltd. also successively organized celebrations for the completion of a new factory or production line... Addition of investment in China in the future In fact, the Chinese auto market has not only quickly emerged from the financial crisis, but has also ushered in another blowout. While the original supplier's investment has not shrunk, the multinational component suppliers have also intensified their investment in China. According to incomplete statistics, in 2009 there were more than 10 large-scale investment projects for multinational component suppliers in China. On February 18, Continental Automotive (Wuhu) Co., Ltd. launched the second phase expansion project. In the subsequent opening of the R&D center in Shanghai in April, Continental Motors also signed a memorandum of understanding with Shanghai Jiading Industrial Zone to build a new production plant. In September and October, KS and Marelli of Italy respectively held the groundbreaking ceremony for the new plant of the joint venture company in Jiading District, Shanghai. On October 5, Alcan Automotive of Australia’s Rio Tinto stated that it will be with the Changchun Yingli Auto Parts Company. A joint venture was established and there is a plan to establish a second factory in Kunshan. Near the end of the year, Italy's Brembo Group and Donghua Automobile Industry Co., Ltd. signed an agreement of 8.5 million euros to build a new plant. Among the new investments of multinational component suppliers in China in 2009, the dual-clutch automatic transmission project closely related to the vital interests of 12 Chinese auto companies was one of the biggest bright spots. On May 20th, the new Dalian plant of BorgWarner Transmission Systems Co., Ltd., a joint venture between BorgWarner (China) Investment Co., Ltd. and China Invested Investment Co., Ltd., was officially started construction. It is reported that the new plant, with a total investment of 200 million U.S. dollars, mainly develops and manufactures the core products of the dual-clutch automatic transmission. After it was completed and put into operation in early 2011, the world’s most advanced automatic transmission is expected to be realized in China. Get rid of the preference of the joint venture China In addition to investing in expansion and construction of new production companies, multinational suppliers of parts and components have not abandoned the opportunity to increase their shareholdings in existing joint ventures. On January 15th, Hella of Germany realized the sole proprietorship of the original Hailar Hongfa Zetler Automotive Electronics Co., Ltd. through a share transfer, and renamed the company as Hella Xiamen Automotive Electronics Co., Ltd. On August 27th, TMD Group and Hebei Taihang Machinery Industry Co., Ltd. signed a strategic cooperation and equity reorganization agreement in Beijing, and then 70% to control its two friction material factories in Hangzhou and Shijiazhuang. In the fourth quarter, France’s Valeo also reported a similar sound, announcing that it had purchased a 100% stake in a compressor company that is a joint venture with Fosun Auto Parts... According to the latest statistics from the China Association of Automobile Manufacturers, in the first 11 months of 2009, China’s auto production and sales both exceeded 12.2 million, and will surpass 13 million during the year, becoming the world's largest automobile country. At the same time, industry experts have said that the overall strength of China's domestic auto parts industry still lags far behind the rapid development of the vehicle market. The cumulative accumulation of multinational suppliers of parts and components in China and the continuous increase in investment chips will further squeeze the development space of local companies. In particular, this requires the attention of the government and relevant industry management departments. 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