According to foreign reports, the Thai government recently called on Thai auto parts makers to seek opportunities in China, because by 2020, China will become an automobile production center.
Last year, China had become the world’s largest automotive production base. According to Paichit Viboontanasarn, the Minister of Commerce of the Thai Consulate in Shanghai, China’s vehicle ownership last year was 64 million vehicles, while in 2000 it had only 16 million vehicles. It is estimated that by 2015, this figure will reach 140 million, and by 2020 it will reach 217 million.
As China is shifting from low-cost production to high-quality production, and Thailand's component manufacturers have a good reputation for quality, Thai component suppliers will be China's ideal suppliers. For Chinese manufacturers, the current supply of auto parts in China is no longer sufficient. However, the current cost of auto parts in China is 10-15 percentage points lower than that of Thai products.
According to local research, more than 20 types of auto parts manufactured in Thailand have great potential, such as electronic, high-efficiency engine parts, and energy-saving or environmental-friendly parts.
Last year, China had become the world’s largest automotive production base. According to Paichit Viboontanasarn, the Minister of Commerce of the Thai Consulate in Shanghai, China’s vehicle ownership last year was 64 million vehicles, while in 2000 it had only 16 million vehicles. It is estimated that by 2015, this figure will reach 140 million, and by 2020 it will reach 217 million.
As China is shifting from low-cost production to high-quality production, and Thailand's component manufacturers have a good reputation for quality, Thai component suppliers will be China's ideal suppliers. For Chinese manufacturers, the current supply of auto parts in China is no longer sufficient. However, the current cost of auto parts in China is 10-15 percentage points lower than that of Thai products.
According to local research, more than 20 types of auto parts manufactured in Thailand have great potential, such as electronic, high-efficiency engine parts, and energy-saving or environmental-friendly parts.
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