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2nd Global Auto Sourcing Summit 2010 to be held on April 25

(Gasgoo.com)
Updated: 2010-02-20 15:08

SHANGHAI: The Second Global Automotive Sourcing Summit 2010, exclusively hosted by Gasgoo.com, will be held concurrently with Auto China on April 25, 2010. Elite professionals from about 20 OEMs, 50 global tier-1 suppliers, 150 domestic auto parts manufacturers, around 30 supply chain service providers, and remarkably over 150 directors and CEOs will be invited to attend the summit, making the most high-end Gasgoo meeting ever since.

In last decade, China auto industry witnessed rapid development and steady expansion from 2001 to 2009. The car sales in China have soared from 80 thousand cars to the present 13 millions, making China the largest auto market in the world. Moreover, in the wake of entry into WTO and opening domestic market, China has gradually developed into global auto parts purchasing center, where many renowned multinational corporations such as GM, Ford, Volkswagen have set purchasing head office. Up to now, there are over 30 auto parts purchasing centers including OEMs, Tier 1/2 suppliers in Yangtze River Delta area.

China automobile and assembly export has been increasing dramatically in last ten years. During six years from 2001 to 2007, China auto & assembly industry boosted exports at an annual average rate of 50%. Though in 2008 the export suffered a short-term downturn for the first time, the sales revenue reached $27 billion. According to Proposals on sustainable and healthy development of China's auto exports, China auto & assembly export will peak to $85 billion in 2015, with average annual growth rate of 20%, and finally realized the strategic target of occupying 10% of global automotive trade volume.

Experts predict that until 2020 China auto sales will reach 50 millions, which is a golden opportunity for domestic auto parts enterprises and global Tier 1/2 suppliers to develop domestic market. Under this background, what will be the development trends for the global sourcing of China's automotive industry in the next decade? Will China still be the global auto parts purchasing center? And how should global auto companies make efficient sourcing strategy to meet the changes of China auto parts market? How to enhance the capacity of local suppliers?

On the issues above, Gasgoo will hold Second Global Automotive Sourcing Summit to explore the retrospect and outlook of automotive sourcing in China, inviting purchasing executives from OEMs and Tier 1 suppliers including VW Shanghai, FIAT, Chang'an Ford Mazda, PSA, Shanghai GM, Geely, Ford China, Cherry, Magna, Bosch, Marelli offering insightful advice and practical solution for both purchasers and suppliers.

The summit maintains the pragmatic and high-end style of the initial Global Automotive Sourcing Summit 2009.The speech and discussion will closely focus on the hottest and important sourcing issues in current auto part industry, striving for further innovation, delving into the new sourcing trend in China market and summarizing the policies of global purchasers.

The summit offers an extraordinary chance for industry leaders to make globalization strategy and provide instructive suggestions to help purchasers and suppliers in their business practice. The constructive opinions made by the experts and executives will be of importance in guiding auto supply chain management to a higher standard.