Chinese Auto Suppliers Finding Home in U.S.
North America may seem like a distant dream for China’s automakers, but that’s not the case for suppliers.
No longer content to export parts from China, a core group of enterprising suppliers is establishing factories in North America to supply automakers in the region.
Some Chinese companies are buying established U.S. suppliers, while others are building their own plants. Either way, they want to establish themselves as global players.
During the past eight months, the dealmaking has intensified. As North American vehicle production rises, suppliers are struggling to keep up with demand. Spotting an opportunity, Chinese suppliers are entering the market.
For example, Fuyao Glass Industry Group Co. announced plans in January to build a $200 million factory within General Motors’ shuttered Moraine, Ohio, assembly plant.
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