NSK Group will build auto parts factory in China

Well-known auto bearings manufacturer of precision instruments, the field of auto parts in Japan, a significant Japanese Seiko (NSK) Group will set up plants in China, specifically for the emerging Chinese auto manufacturers to provide low-cost auto parts.

According to "Nihon Keizai Shimbun" reported on the 5th of this year in December, Seiko Group, a joint venture with Zhejiang Wanda Group to build a new plant specifically for the rapid development in recent years, Chinese auto makers mass production of low-cost car the direction of actuation system. Reported, Seiko, and Wanda will be funded 60% and 40%, the factory will be built in Zhejiang Province

It was reported that Wanda Group and other companies in the Chery has established supply relationships with a total fine Wanda joined forces want to use Wanda's business network in China's development of low-cost parts and components industry.

Japan's big auto bearings parts enterprises in general to serve the Japanese-based car dealer, very few vendors set up specifically to provide products to local factories. Reported that, as in the low-priced cars in China has an advantage of the rapid growth of the emerging automotive manufacturers in the future, the Japanese auto parts companies will be increasing attention for their business.