FOURIN,Inc. - Research and Analysis of the Asian Automotive Industry

Global Asia

• ABS: Forecasting Higher Diffusion in Asian Emerging Countries; Bosch Starts Local Prod. in India from 2009ABS: Forecasting Higher Diffusion in Asian Emerging Countries; Bosch Starts Local Prod. in India from 2009
• Asia Production in 2009 Falls 6% to 8.61 Mn Units, While Sales Rise 6% to Top 6 Mn UnitsAsia Production in 2009 Falls 6% to 8.61 Mn Units, While Sales Rise 6% to Top 6 Mn Units
• Asia: Hyundai Top Mass Market Brand in Asia with Sales Exceeding 1 Mn Units, Suzuki 2ndAsia: Hyundai Top Mass Market Brand in Asia with Sales Exceeding 1 Mn Units, Suzuki 2nd
• Global Automobile Sales: Slump in 2009 in Developed Countries Propped by Growth in China, India and BrazilGlobal Automobile Sales: Slump in 2009 in Developed Countries Propped by Growth in China, India and Brazil
• Global Hybrid Vehicle Market: Sales Estimated at Approx. 750,000 Units in 2009 on New Launches by Toyota, HondaGlobal Hybrid Vehicle Market: Sales Estimated at Approx. 750,000 Units in 2009 on New Launches by Toyota, Honda
• Global Prod Falls 13% in 2009 to 62.2 Mn Units; China Overtakes Japan as World No.1Global Prod Falls 13% in 2009 to 62.2 Mn Units; China Overtakes Japan as World No.1
• Japanese Overseas Production: Expansion in Asia, Yet Declines in Europe and the US Pulled Total Overseas Prod. Down 13.6%Japanese Overseas Production: Expansion in Asia, Yet Declines in Europe and the US Pulled Total Overseas Prod. Down 13.6%
• Segment Analysis in Ten Asian Countries Sees India Lead Rising Demand for Small CarsSegment Analysis in Ten Asian Countries Sees India Lead Rising Demand for Small Cars

East Asia

• Korea: Compact 1.0-1.6L Cars Rise 42.6% to Become Largest Segment; Buoyant SUV Market from New LaunchesKorea: Compact 1.0-1.6L Cars Rise 42.6% to Become Largest Segment; Buoyant SUV Market from New Launches
• Korea: Exports in 2009 Fall 19.9% to 2.15 Mn Units; Heavy Contraction to US/Europe, Double-Digit Rise to Asia/PacificKorea: Exports in 2009 Fall 19.9% to 2.15 Mn Units; Heavy Contraction to US/Europe, Double-Digit Rise to Asia/Pacific
• Korea: Parts Industry Increasing Toward Overseas, HEV/EV Business; Looks to Reduce Dependence on Hyundai-KiaKorea: Parts Industry Increasing Toward Overseas, HEV/EV Business; Looks to Reduce Dependence on Hyundai-Kia
• Korea: Parts Maker 2009 Sales Rise on Increased Overseas Production of Hyundai-KiaKorea: Parts Maker 2009 Sales Rise on Increased Overseas Production of Hyundai-Kia
• Korea: Prod. in 2009 Slides 8.2% to 3.51 Mn Units on Hyundai-Kia Overseas Expansion and Slump in Markets AbroadKorea: Prod. in 2009 Slides 8.2% to 3.51 Mn Units on Hyundai-Kia Overseas Expansion and Slump in Markets Abroad
• Korean EV Makers: CT&T Eyes 300,000 Units in 2013; Leo Motors Focuses on Conversion BusinessKorean EV Makers: CT&T Eyes 300,000 Units in 2013; Leo Motors Focuses on Conversion Business
• Taiwan: Dom. Demand Recovery Lifts Prod. 23.7% to 226,356 Units in 2009; Boost from 1.3L-2.0L Cars, CVs WeakTaiwan: Dom. Demand Recovery Lifts Prod. 23.7% to 226,356 Units in 2009; Boost from 1.3L-2.0L Cars, CVs Weak
• Taiwan: Expectations on ECFA for CBU Export to Mainland China; Focus Also on Electric VehiclesTaiwan: Expectations on ECFA for CBU Export to Mainland China; Focus Also on Electric Vehicles

Japan

• Japan: Revenues Fall yet Profit Returns; 2010 Recovery to Pre-Crash Levels Not Seen Despite UpswingJapan: Revenues Fall yet Profit Returns; 2010 Recovery to Pre-Crash Levels Not Seen Despite Upswing
• Japan: Rise in Hybrid Vehicle Sales Sees Sedan, Station Wagon, Hatchback Types Hold SteadyJapan: Rise in Hybrid Vehicle Sales Sees Sedan, Station Wagon, Hatchback Types Hold Steady
• Recalls in Japan Fall in FY2009 with YOY Notifications Steady; Toyota Woes Expose Lack of Evaluation FunctionRecalls in Japan Fall in FY2009 with YOY Notifications Steady; Toyota Woes Expose Lack of Evaluation Function

South Asia

• India CV Industry: Growing Competition From New Launches of Med/Large Products to Low-Cost Mini TrucksIndia CV Industry: Growing Competition From New Launches of Med/Large Products to Low-Cost Mini Trucks
• India: Exports Climb 20.6% Driven by Maruti Suzuki’s Two-Fold Growth; Expansion Forecast to Continue in 2010India: Exports Climb 20.6% Driven by Maruti Suzuki’s Two-Fold Growth; Expansion Forecast to Continue in 2010
• India: Growing Blast Furnace Plans by Major Local Players; Japanese Strengthen Ties with LocalsIndia: Growing Blast Furnace Plans by Major Local Players; Japanese Strengthen Ties with Locals
• India: Growing Competition within A2 Compact; Rapid Jump by Maruti Suzuki in A3, Mahindra in Utility VehiclesIndia: Growing Competition within A2 Compact; Rapid Jump by Maruti Suzuki in A3, Mahindra in Utility Vehicles
• India: Lower Parts Exports on Production Cuts in Europe, US; Increased Local Content Reduces Parts ImportsIndia: Lower Parts Exports on Production Cuts in Europe, US; Increased Local Content Reduces Parts Imports
• India: Major Automakers Strengthen Dealerships in Regional, Rural Areas; Also Active Foray into Used Car BusinessIndia: Major Automakers Strengthen Dealerships in Regional, Rural Areas; Also Active Foray into Used Car Business
• India: Prod. in 2009 Climbs 12.8% to Record High 2.63 Mn Units; Maruti Suzuki Eyes Annual Output Over 1 Mn UnitsIndia: Prod. in 2009 Climbs 12.8% to Record High 2.63 Mn Units; Maruti Suzuki Eyes Annual Output Over 1 Mn Units
• Pakistan: Prod. Tumbles 29.8% in 2009; Toyota Corolla, Honda City Prod. Up Double Digits on Strong Response to New ModelsPakistan: Prod. Tumbles 29.8% in 2009; Toyota Corolla, Honda City Prod. Up Double Digits on Strong Response to New Models
• Two Wheelers in India: Sales Rise 17.6% in 2009 to 8.65 Mn Units; Hero Honda Jumps to 50% Share with 23.0% ExpansionTwo Wheelers in India: Sales Rise 17.6% in 2009 to 8.65 Mn Units; Hero Honda Jumps to 50% Share with 23.0% Expansion

ASEAN

• ASEAN: CV Market Declines 29% in 2009, Eyes Recovery in 2010; Local, Chinese Automakers Active in VietnamASEAN: CV Market Declines 29% in 2009, Eyes Recovery in 2010; Local, Chinese Automakers Active in Vietnam
• ASEAN: Chinese Automakers: Foray into Vietnam, Malaysia Continues, yet Sales Volume Drops Below 10,000 UnitsASEAN: Chinese Automakers: Foray into Vietnam, Malaysia Continues, yet Sales Volume Drops Below 10,000 Units
• ASEAN: Emission Stds/Environ Policy: Intro of Euro 4 Likely to Spread from 2011; Fuel Quality Improvement RequiredASEAN: Emission Stds/Environ Policy: Intro of Euro 4 Likely to Spread from 2011; Fuel Quality Improvement Required
• Indonesia: Parts Industry: Tire Makers Promote Lifting Capacity, Higher Exports; Also Targeting Two-Wheeler Segment Indonesia: Parts Industry: Tire Makers Promote Lifting Capacity, Higher Exports; Also Targeting Two-Wheeler Segment
• Indonesia: Standout Performance by AUV Small and MPV Small; Ratio of 1.6L and Smaller Car Sales Climbs to 60%Indonesia: Standout Performance by AUV Small and MPV Small; Ratio of 1.6L and Smaller Car Sales Climbs to 60%
• Malaysia: New Models Lift 1.3-1.5L Cars; MPV Market Sees Launches by National Brands, Falling Japanese ShareMalaysia: New Models Lift 1.3-1.5L Cars; MPV Market Sees Launches by National Brands, Falling Japanese Share
• Malaysia: Parts Industry: Renewed Calls for Export Policies, Fostering of Local Players; Some Majors Foray Abroad Malaysia: Parts Industry: Renewed Calls for Export Policies, Fostering of Local Players; Some Majors Foray Abroad
• Malaysia: Prod. Down 7.8% in 2009; MPV Prod. Up 23.3% on Positive Response to National Brand Model EntriesMalaysia: Prod. Down 7.8% in 2009; MPV Prod. Up 23.3% on Positive Response to National Brand Model Entries
• Motorcycle Market in Thailand: Sales Drop 9.9% in 2009; Concerns Remain over Expectations for Recovery to 1.7 Mn Units in 2010Motorcycle Market in Thailand: Sales Drop 9.9% in 2009; Concerns Remain over Expectations for Recovery to 1.7 Mn Units in 2010
• Rise in FTAs with ASEAN, Asian Neighbors; Progress in Forming Wide Free Trade SphereRise in FTAs with ASEAN, Asian Neighbors; Progress in Forming Wide Free Trade Sphere
• Thailand: 1-ton Pickup, Passenger Car Share Gap Narrows in 2010; Isuzu, Toyota Boost Local 1-ton Pickup BusinessThailand: 1-ton Pickup, Passenger Car Share Gap Narrows in 2010; Isuzu, Toyota Boost Local 1-ton Pickup Business
• Thailand: Against Falling 1ton Pickup Sales, 1.3-1.6L Car Sales Expand; Gap in Ratio Between Cars and CVs NarrowsThailand: Against Falling 1ton Pickup Sales, 1.3-1.6L Car Sales Expand; Gap in Ratio Between Cars and CVs Narrows
• Thailand: Exports in 2009 Slide 29.6% with PCs and Pickups Both Down Over 30%; Projecting 800,000 Units in 2010Thailand: Exports in 2009 Slide 29.6% with PCs and Pickups Both Down Over 30%; Projecting 800,000 Units in 2010
• Thailand: Lower Dom. Demand, Exports Drops Prod. 28.3% in 2009, Underscoring 1 Mn Units for First Time in Five YearsThailand: Lower Dom. Demand, Exports Drops Prod. 28.3% in 2009, Underscoring 1 Mn Units for First Time in Five Years
• Thailand: Parts Exports and Imports Both Fall Approx. 20%; Drop in Car Prod in Asia Puts Brakes on Export GrowthThailand: Parts Exports and Imports Both Fall Approx. 20%; Drop in Car Prod in Asia Puts Brakes on Export Growth
• Thailand: With Prod Falling Short in Terms of Quality, Volume, Need for Specific Govt Support PolicyThailand: With Prod Falling Short in Terms of Quality, Volume, Need for Specific Govt Support Policy

Auto Makers

• Ashok Leyland: Sights Recovery of India Sales on New U-Truck and Nissan-Based Light Commercial VehicleAshok Leyland: Sights Recovery of India Sales on New U-Truck and Nissan-Based Light Commercial Vehicle
• Ford: Strong Sales of New Figo in India; Plan to Bring on Stream Own 150,000-Unit Plant in Thailand in 2012Ford: Strong Sales of New Figo in India; Plan to Bring on Stream Own 150,000-Unit Plant in Thailand in 2012
• Honda: ASEAN Share Climbs 10.5% in 2009; All-New City Brings Record Highs in Thailand and MalaysiaHonda: ASEAN Share Climbs 10.5% in 2009; All-New City Brings Record Highs in Thailand and Malaysia
• Hyundai Motor/Kia Motors: Global Prod. in 2009 to 4.64 Mn Units; 2010 Plan Aims to Hold Expansion PathHyundai Motor/Kia Motors: Global Prod. in 2009 to 4.64 Mn Units; 2010 Plan Aims to Hold Expansion Path
• Hyundai-Kia: Accelerates Dual Focus to Lift Brand Value and Emerging Market BusinessHyundai-Kia: Accelerates Dual Focus to Lift Brand Value and Emerging Market Business
• Isuzu: ASEAN Business Sees Progress in Buildup for Next-Gen Pickups, Light Trucks for Emerging CountriesIsuzu: ASEAN Business Sees Progress in Buildup for Next-Gen Pickups, Light Trucks for Emerging Countries
• Mahindra: Car Business Heads Solo After End of JV with Renault; Boosts EV Activities with Purchase of RevaMahindra: Car Business Heads Solo After End of JV with Renault; Boosts EV Activities with Purchase of Reva
• Ssangyong: Return to Profit by End of 2011 with New CUV Launch; Strategy for Sustainable Growth UnclearSsangyong: Return to Profit by End of 2011 with New CUV Launch; Strategy for Sustainable Growth Unclear
• Tata Motors: Strategy Focus on Domestic Demand and JLR Unit Rebuilding After Repayment of Bridging LoanTata Motors: Strategy Focus on Domestic Demand and JLR Unit Rebuilding After Repayment of Bridging Loan
• Two US Automakers: ASEAN Share Below 2%; GM Buoyant in Vietnam, Ford Eyes Increase with All-new FiestasTwo US Automakers: ASEAN Share Below 2%; GM Buoyant in Vietnam, Ford Eyes Increase with All-new Fiestas

Parts Makers

• Asahi Glass: Plots ‘Grow Beyond - 2012’ Mid-Term Plan; Products, Eco, Global Focal Points for Stance in 2020Asahi Glass: Plots ‘Grow Beyond - 2012’ Mid-Term Plan; Products, Eco, Global Focal Points for Stance in 2020
• Astra Otoparts: To Invest 1.7 Trillion IDR in 2010; Looking to Boost Battery, Plastic Parts BusinessAstra Otoparts: To Invest 1.7 Trillion IDR in 2010; Looking to Boost Battery, Plastic Parts Business
• JBM Auto: Sets FY2010 Sales Target at 10 Bn INR; Strengthens Business at Home Through JVsJBM Auto: Sets FY2010 Sales Target at 10 Bn INR; Strengthens Business at Home Through JVs
• LG Chem: Li-ion Battery Business Sales Target in 2015 Set at 2 Trillion KRW; Sights on 20% Global ShareLG Chem: Li-ion Battery Business Sales Target in 2015 Set at 2 Trillion KRW; Sights on 20% Global Share
• TVS Group: Growing Domestic Demand Accelerates Business Boost of Subsidiaries Delphi-TVS, JIL, etc.TVS Group: Growing Domestic Demand Accelerates Business Boost of Subsidiaries Delphi-TVS, JIL, etc.
• ZF: India Unit Strengthens Independent Transmission, Axle R&D; Focus Also on Electronic ComponentsZF: India Unit Strengthens Independent Transmission, Axle R&D; Focus Also on Electronic Components

Industry / Policy / Market

• Auto China 2010: Rapid Diffusion of Advanced and Electronic Passenger Car Powertrain SystemsAuto China 2010: Rapid Diffusion of Advanced and Electronic Passenger Car Powertrain Systems
• Challenging Low-Price Vehicle Capability amid Diversifying Trade RelationsChallenging Low-Price Vehicle Capability amid Diversifying Trade Relations
• China’s Vehicle Parc Is Expected to Surpass Japan with 75 Mn in 2010China’s Vehicle Parc Is Expected to Surpass Japan with 75 Mn in 2010
• Complaints from Car Owners: Up 40% YOY to 9,300 Cases in 2009; Rapid Rise of Claims on TransmissionsComplaints from Car Owners: Up 40% YOY to 9,300 Cases in 2009; Rapid Rise of Claims on Transmissions
• Driver’s License: Stepping Up Rules on Safety Through Relaxed Handicapped Rules, Enhanced Drunk Driving PenaltiesDriver’s License: Stepping Up Rules on Safety Through Relaxed Handicapped Rules, Enhanced Drunk Driving Penalties
• Foreign Parts Suppliers: Resumption of Capacity Expansion; Relocation Trend of Asia Headquarters to ChinaForeign Parts Suppliers: Resumption of Capacity Expansion; Relocation Trend of Asia Headquarters to China
• Imported Cars: 2009 Registration Reaches 350,000 Units; Demand Shifts to SUVs amid More New Product LaunchesImported Cars: 2009 Registration Reaches 350,000 Units; Demand Shifts to SUVs amid More New Product Launches
• Lease & Rental: Rapid Improvement of Laws, Business Environment to Realize 400,000 Unit Business Scale by 2015Lease & Rental: Rapid Improvement of Laws, Business Environment to Realize 400,000 Unit Business Scale by 2015
• Low-Speed Electric Vehicles: Rampant Prod of Unlicensed Lead Battery Vehicles Due to Unregulated TechnologyLow-Speed Electric Vehicles: Rampant Prod of Unlicensed Lead Battery Vehicles Due to Unregulated Technology
• Lower Medium (C) Segment: Yuedong, F3 Take the Lead; Product Strategy Corresponds to Middle Class DemandLower Medium (C) Segment: Yuedong, F3 Take the Lead; Product Strategy Corresponds to Middle Class Demand
• Motorcycles: Active Development of State III-Compliant Products, Hybrid Motorcycles; Tech Renovation of Gasoline EnginesMotorcycles: Active Development of State III-Compliant Products, Hybrid Motorcycles; Tech Renovation of Gasoline Engines
• Out of 110 Automotive Companies 76 See Profit Rise; Elimination of Investment to Maximize EarningsOut of 110 Automotive Companies 76 See Profit Rise; Elimination of Investment to Maximize Earnings
• Panel Vans: Reaching 70,000 Units with Focus on Cargo Transport; Sector Consolidation Attracts AttentionPanel Vans: Reaching 70,000 Units with Focus on Cargo Transport; Sector Consolidation Attracts Attention
• Passenger Car Coating Colors: Silver/Gray, Black Accounts for over 70%; Red Raises Share 2.5 Points to 9.25%Passenger Car Coating Colors: Silver/Gray, Black Accounts for over 70%; Red Raises Share 2.5 Points to 9.25%
• Recovery from 2009’s Slump; Rising Expectations As Core Force of GDP GrowthRecovery from 2009’s Slump; Rising Expectations As Core Force of GDP Growth

FAW

• FAW Group: Making Efforts to Procure from Non-group Suppliers in Jilin; Raises Procurement Cost to 207.1 Bn CNY in 2010FAW Group: Making Efforts to Procure from Non-group Suppliers in Jilin; Raises Procurement Cost to 207.1 Bn CNY in 2010
• FAW Qingdao: Centered on Shanghai, Qingdao, and Chengdu, Production of Refitted Vehicles Reaching over 110 Models by 2010FAW Qingdao: Centered on Shanghai, Qingdao, and Chengdu, Production of Refitted Vehicles Reaching over 110 Models by 2010

SAIC

• SAIC Group: Enhances In-house Prod of Powertrain Systems; Develops Huayu Auto as Core Parts Supplier of Other PartsSAIC Group: Enhances In-house Prod of Powertrain Systems; Develops Huayu Auto as Core Parts Supplier of Other Parts
• SAIC: Strengthens Influence in JV with GM; Seeking New Partners for Independent Brand, Green Vehicle ProjectsSAIC: Strengthens Influence in JV with GM; Seeking New Partners for Independent Brand, Green Vehicle Projects

DFM

• Dongfeng Motor: Renewal of Top Management, Organization; Integration of Accountability by Streamlining ManagementDongfeng Motor: Renewal of Top Management, Organization; Integration of Accountability by Streamlining Management

GAIG

• Guangzhou Automobile: Advances Restructuring, Differentiation of Bus Business; Explores Fixed-Route Bus Business by Entering HEV SectorGuangzhou Automobile: Advances Restructuring, Differentiation of Bus Business; Explores Fixed-Route Bus Business by Entering HEV Sector

BYD

• BYD Auto: Enhanced Technical Cooperation with Europeans Centered Around EV; Expansion of Plants, Product Launches at HomeBYD Auto: Enhanced Technical Cooperation with Europeans Centered Around EV; Expansion of Plants, Product Launches at Home

Chery

• Chery Automobile: Fosters over 700 Suppliers Along with Expansion in Procurement, Business Scale; Advances In-house Prod of Core PartsChery Automobile: Fosters over 700 Suppliers Along with Expansion in Procurement, Business Scale; Advances In-house Prod of Core Parts

Geely

• Geely Automobile: Reforms Supply Chain to Improve Quality; Enhances Cooperation with Foreign SuppliersGeely Automobile: Reforms Supply Chain to Improve Quality; Enhances Cooperation with Foreign Suppliers

Chana Auto

• Chang’an Automobile: Absorbed Hafei and Changhe; Concluded JV Deal with PSA; Aims for 5 Mn Units Annual Capacity by 2020Chang’an Automobile: Absorbed Hafei and Changhe; Concluded JV Deal with PSA; Aims for 5 Mn Units Annual Capacity by 2020
• Chang’an Automobile: Expands Joint Procurement Within Group; Focuses on In-house Engine Prod Upgrade, Subsidiary Supplier ConcentrationChang’an Automobile: Expands Joint Procurement Within Group; Focuses on In-house Engine Prod Upgrade, Subsidiary Supplier Concentration

Other Chinese Automaker

• Jianghuai Automobile: Aims to Increase Sales to 1.5 Mn Units by 2015; Faces Capacity Expansion as ChallengeJianghuai Automobile: Aims to Increase Sales to 1.5 Mn Units by 2015; Faces Capacity Expansion as Challenge
• Shaanxi Automobile: Strengthened Cooperation Between Parent Weichai, Bosch as Post-MAN Tech Dependence; Entry into Mini Vehicle SectorShaanxi Automobile: Strengthened Cooperation Between Parent Weichai, Bosch as Post-MAN Tech Dependence; Entry into Mini Vehicle Sector
• Zhengzhou Nissan: Aims for 200,000 Units Capacity in 2012 Through Volume Prod of SUVs, LCVs; Considers Upgrading Car Sales NetworkZhengzhou Nissan: Aims for 200,000 Units Capacity in 2012 Through Volume Prod of SUVs, LCVs; Considers Upgrading Car Sales Network
• Zhongxing Automobile: Increases Domestic/Overseas Plants, Begins OEM Supply to CHANA; Devt, Launch of Monocoque Structure SUVZhongxing Automobile: Increases Domestic/Overseas Plants, Begins OEM Supply to CHANA; Devt, Launch of Monocoque Structure SUV

Foreign Automaker

• AB Volvo: Advancing but Difficult Truck JV Talks with Dongfeng; Possible Cooperation with FAW Newly SurfacedAB Volvo: Advancing but Difficult Truck JV Talks with Dongfeng; Possible Cooperation with FAW Newly Surfaced
• Audi: Plan to Raise China Sales to 250,000 Units by 2013; Continues to Use VW Resources While Advances Indep DirectionAudi: Plan to Raise China Sales to 250,000 Units by 2013; Continues to Use VW Resources While Advances Indep Direction
• Daihatsu: Withdraws from China for the Second Time After Dull Sales Due to Low Brand AwarenessDaihatsu: Withdraws from China for the Second Time After Dull Sales Due to Low Brand Awareness
• Honda: Accelerates New Launches; Release of Independent Brand at JV Base Attracts AttentionHonda: Accelerates New Launches; Release of Independent Brand at JV Base Attracts Attention
• Mitsubishi Motors: Aims to Boost Sales to 300,000 Units by 2015; Faces Issue of Investment AdjustmentMitsubishi Motors: Aims to Boost Sales to 300,000 Units by 2015; Faces Issue of Investment Adjustment
• Toyota: Abandoned 10% 2010 Market Share Target Despite Minimizing Recall Impact by Effective Sales PromotionToyota: Abandoned 10% 2010 Market Share Target Despite Minimizing Recall Impact by Effective Sales Promotion

Parts Industry

• Aftermarket: Major Suppliers Spur Entry to Seize Booming Demand; Focus on Sales Network Expansion, Brand ImprovementAftermarket: Major Suppliers Spur Entry to Seize Booming Demand; Focus on Sales Network Expansion, Brand Improvement
• Equipment: Foreigners Step Up Prod, Devt Localization, Chinese Advance Devt, Practical Application in Pursuit of DemandEquipment: Foreigners Step Up Prod, Devt Localization, Chinese Advance Devt, Practical Application in Pursuit of Demand
• Friction Materials: Development of Non-Asbestos, Diverse Materials to Meet Stricter Environmental RegulationsFriction Materials: Development of Non-Asbestos, Diverse Materials to Meet Stricter Environmental Regulations

Parts Makers

• ArvinMeritor: Aims to Raise Sales Revenue of CVS Operation in China to Approx. 600 Mn USDArvinMeritor: Aims to Raise Sales Revenue of CVS Operation in China to Approx. 600 Mn USD
• Bothwin Investment: Enhances Commercial Vehicle Axle Business; Aims to Boost Sales of Low-Floor BusesBothwin Investment: Enhances Commercial Vehicle Axle Business; Aims to Boost Sales of Low-Floor Buses
• Calsonic Kansei: Continues Production Increase; Aims to Win Orders from Local Companies by Complete Localization of DevtCalsonic Kansei: Continues Production Increase; Aims to Win Orders from Local Companies by Complete Localization of Devt
• Corning: Enhances Fiberglass Panel Operation; Focuses on Capacity Expansion of Ceramic Catalyst Carrier ProductionCorning: Enhances Fiberglass Panel Operation; Focuses on Capacity Expansion of Ceramic Catalyst Carrier Production
• Huaxiang Group: Expands Parts Business by M&A; Consolidates Resources While Advances Public Listing of FawerHuaxiang Group: Expands Parts Business by M&A; Consolidates Resources While Advances Public Listing of Fawer
• Lear: Builds Integrated System from Development to Production; Cooperates with Local Automakers Expanding OrdersLear: Builds Integrated System from Development to Production; Cooperates with Local Automakers Expanding Orders
• Nidec: Centers Core Base in Dalian; Expands In-Vehicle Motor Production Bases in East, North, South ChinaNidec: Centers Core Base in Dalian; Expands In-Vehicle Motor Production Bases in East, North, South China
• UAES: Expansion of Vehicle Electronic Parts Business; Focus on Local Development of Hybrid Drive TechnologyUAES: Expansion of Vehicle Electronic Parts Business; Focus on Local Development of Hybrid Drive Technology
• Wanier Transmission: Strengthens Cooperation with SMT to Seek New Profits; Focuses on Equipment ExpansionWanier Transmission: Strengthens Cooperation with SMT to Seek New Profits; Focuses on Equipment Expansion