Ambitious plans for parts supplier Delphi

Delphi Corp plans to grow its business fourfold in China by 2020 from its 2012 revenues of $2.28 billion, the US-based automotive parts supplier announced in Beijing.

China now contributes 16 percent of the company's global business turnover, a ratio it wants to increase to 25 percent, said Majdi Abulaban, president for the Asia-Pacific region at Delphi.

"To keep growth higher than the market's average is the long-term goal of Delphi in China, rather than just expand our business here," he added.