Delphi sales revenue in China tops $13.8 B, up 40% y-o-y

Shanghai. January 23 (Gasgoo.com) – Global auto part supplier giant Delphi has sold more than RMB 10 billion ($13.8 B) worth auto parts products to Chinese automakers last year, up 40 percent from one year earlier, the Shanghai-based Wenhui Daily reported today.

 

Delphi supplier auto parts products to some leading automakers in China, like FAW-VW, Shanghai VW, Shanghai GM, Changan Ford and Dongfeng.

 

Delphi entered Chinese market in 1993. By April of 2007, Delphi’s total investment in China topped $500 million; the global auto parts giants operates 17 business units, which include an investment company, a global R&D center, a technology service center, a trading company and 13 production units.

 

Last month, Shanghai Delphi Automotive Air Conditioning Systems Co. (SDAAC), China's largest auto air conditioning system supplier, has signed a three-way joint venture deal with two partners in Beijing. The new factory to be built will have an annual capacity of 200,000 auto air conditioners, local media Auto Weekly reported yesterday.

 

Under the agreement signed on December 28, 2007, Shanghai Delphi will hold a 51 stake in the joint venture while Beijing Automotive Industry Holding Corp (BAIC) or Beiqi will hold a 40 stake and a local auto parts supplier Beijing Guanghua Shiyuan Co will hold the remaining 9 percent.