Global Expansion of Chinese Auto Parts Companies
1. Zhejiang Rongtai, a Chinese auto parts manufacturer, has invested US$10.88 million in Mexico to build a project with an annual production capacity of 500,000 sets of new energy vehicle parts. Once fully operational, the project is expected to generate an annual output value of RMB 200 million. The aim is to expand its customer base in North America and reach the global market.
2. Automotive cable supplier Kabey plans to invest approximately RMB 250 million to build a production base in Vietnam to meet the needs of Southeast Asian customers and achieve rapid delivery. This is not an isolated case—Guangdong Hongtu, Xinzhi Group, and Xinquan Shares, among other Chinese auto parts companies, have recently established factories in Thailand, Vietnam, and Malaysia, making Southeast Asia another hot region for Chinese auto parts exports.
3. Xusheng Group has received a designation from a North American new energy vehicle manufacturer to supply powertrain, body parts, subframes, battery boxes, and other products. The project has a lifespan of approximately 8 years, with total sales of approximately RMB 7.8 billion. Mass production is expected to begin at the end of 2026, with production sites covering the manufacturer's bases in China and Mexico.
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