Following the lead of foreign auto makers, overseas car parts manufacturers are aware that fast-expanding Chinese companies may be their next cash cow. International car components manufacturers, which mainly supplied global auto giants, are focusing more attention on cooperation with Chinese car makers amid competition from homegrown auto parts makers.　　

Recently, Delphi Corp announced it won a 321 million yuan (US$40.1 million) contract with China's Chery Automobile Co Ltd. The world's largest auto parts maker plans to provide complete Occupant Protection Systems, including airbags, and integrated navigation systems for several of Chery's models starting in 2009.

Foreign auto parts makers such as Delphi, Visteon Corp and Magna International Inc joined the influx of foreign auto manufacturers in China in the 1990s.In the early stages of China's auto industry, overseas auto parts makers targeted global players as international auto giants localized production.

About 70 percent of the world's top 100 auto parts makers have launched in China. The joint ventures and wholly-owned firms for making car components amounted to 1,200 with a market share of 60 percent in China. As Chinese car makers hold aggressive expansion plans in both home markets and abroad, an auto analyst said stronger cooperation between Chinese auto makers and overseas auto parts makers will become a trend that benefits all involved.

Source:未知