Foreign investors increase investment in China
Affected by many economic factors in the United States and the sluggish sales of new cars in the North American market, Japan’s Kosaka Manufacturing Co., Ltd., as well as Japan’s Toyota Production Co., etc., have successively stated that they will adjust their production scales and postpone implementation of their original plans to increase production capacity. . Just a year ago, many auto parts manufacturers in Japan had announced that they would expand production in the United States. For example, Toyota Motor’s parts supplier, Toyota Motor, plans to build a new production plant for interior trim-related parts in Mississippi in 2010. Stanley Electric, a parts supplier for Honda Motors, will strengthen production of automotive headlamps in Ohio. The ability of Kosaka Factory to close its production line for providing lights to large sport utility vehicles (SUVs) in the United States in the past few days. In contrast, many Japanese auto parts manufacturers, including Japan Denso Co., Ltd., said that they will expand their investment and production in China. Japan’s largest auto parts manufacturer, Nippon Denso Co., Ltd., said at the beginning of the year that it would increase investment in China and increase its sales in China to 220 billion yen by the end of fiscal 2010, which was set by the company a year ago. It is 150 billion yen.
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