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30-01-2008 The
China Association of Automobile Manufacturers has finalized the 11th Five-Year
Program for the country's auto parts industry. According to the program, the auto
parts industry is expected to realize 1.2 trillion yuan (US$154.42 billion) in
gross industrial output value by 2010. That includes 630 billion yuan in output
value for the original equipment manufacturer (OEM) market, 170 billion yuan in
the auto aftermarket and 400 billion yuan from exports. The
program highlights self-brands for technological innovation. Efforts will be focused
on the improvement of core technologies in engines, transmissions and auto electronics.
By the year 2010, spending on research and development is expected to account
for 30 percent of total sales. Key products listed in the program include: Euro
IV emission standard engines; hybrid auto parts; direct gasoline injection systems;
diesel engine particle purification systems; exhaust gas recycling systems; continuous
variable transmissions, automatic manual transmissions, automatic transmissions
and double clutch transmissions; low-floor bus chassis.
Editor:Frederick
Wei from Chinabuses.com
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