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The automotive industry has become a global focus in recent years. Major manufacturers have actively deployed and relocate their production bases to the planned market or neighboring regions to reduce production costs and enhance competitive advantages, prompting more and more international auto companies to set up joint venture companies in mainland China. , to bring business opportunities to parts suppliers in the region. In the favourable market environment, the first "Hong Kong International Auto Parts Exhibition" will be held from April 8 to 11, 2006 at the AsiaWorld-Expo. Adjacent to the Hong Kong International Airport's AsiaWorld-Expo is the newest largest convention and exhibition venue in Hong Kong. .
The exhibition is jointly organized by the Hong Kong Trade Development Council, Infocom Exhibition Company and the Hong Kong Electronics Industry Association. It is also supported by the Hong Kong Productivity Council, the Federation of Hong Kong Industries, the Hong Kong Automobile Parts Industry Association, the International Society of Automotive Engineers, the Hong Kong Regional Chapter, and Hong Kong. The Die Casting Society and the Hong Kong Machinery & Metals Industry Federation will give their full support.
Huang Li, a senior manager of the Hong Kong Trade Development Council, said: “Hong Kong is an important procurement and information exchange center for auto parts in Asia. In fact, the re-export of auto parts in Hong Kong accounts for nearly 98% of total exports. Hong Kong companies have advanced technology, With excellent marketing capabilities and professional service levels, domestic companies can develop overseas markets by virtue of favorable conditions in Hong Kong and a wide range of customers. In addition, Hong Kong recently signed a memorandum of understanding with Geely Automobile Holdings Co., Ltd. to develop the first batch of “Hong Kong-manufactured†passenger vehicles. And related auto parts projects laid the foundation for development.
Under the agreement, the Hong Kong Productivity Council and the forthcoming establishment of an auto parts R&D center will work closely with Geely to jointly implement a variety of engineering designs and auto parts development plans. Hong Kong manufacturers will cope with the needs of the plan and develop core components.
From a market perspective, consumers are increasingly paying attention to passenger safety, driving performance and environmental protection. These will be new ideas for the concentrated development of spare parts suppliers; the main strategy of manufacturers will be research and development with different value-added functions and Characteristic product.
The Hong Kong International Auto Parts Exhibition is rich in variety and will open up more space for the industry to purchase. The main exhibit categories include automotive and motorcycle parts, automotive electronics, automotive and parts manufacturing, maintenance and performance parts, automotive beauty, automotive testing and trade services. Chen Qichen, chairman of the Hong Kong Electronics Industry Association, pointed out: "Hong Kong exports a large variety of auto parts and related products, among which high-grade car audio products and anti-theft systems are becoming more and more popular in the market."
He said: "Hong Kong's advanced electronics industry, together with its superior molding technology, global sales network and marketing experience, have driven the continuous development of the auto parts industry. Hong Kong plays a very important role in the global automotive production supply chain."
About half a year from the show, there are now nearly 100 Hong Kong companies and about 100 companies from the Mainland. In addition, the Changchun City Government will also organize the "Changchun Pavilion" to participate in the exhibition. The organizers will also invite buyers from the United States, Japan, the Middle East, Europe, Canada, Australia, South Africa, Turkey and Iran to visit.
Hong Kong is an important trade center in Asia and a barrier to entry into overseas markets. The first auto parts exhibition will further consolidate Hong Kong's role as a procurement center for auto parts, and will open up new markets for the industry to enter the market.