Spare parts giants in Shanghai resume production as pandemic wanes
Shanghai is home to many foreign-funded spare parts giants, and nine of the world's top 10 spare parts groups have established their China headquarters in the city, including German industrial giant Bosch, ZF Friedrichshafen AG, and Canadian auto supplier Magna.
As the COVID-19 pandemic continues to become stabilized, Shanghai has established a "white list" system for key enterprises to promote the orderly resumption of business operations, including many spare parts companies.
A spokesperson for ZF Friedrichshafen AG, a traditional German automobile parts manufacturing enterprise, said that with the support of the local government, their company was included in the first white list and has resumed production under closed-loop management.
The spokesman added that the local government has also issued a temporary permit, which has helped relieve the burdens that come along with raw material transportation, as well as reinforce the stability of the region's industrial and supply chains.
ZF Friedrichshafen AG, headquartered in Germany and a Fortune Global 500 corporation, primarily manufactures gearboxes and operates more than 180 manufacturing bases and six research and development (R&D) bases across the globe. Since entering the Chinese market in 1981, the company has established about 50 manufacturing bases throughout the country, as well as an R&D center in Shanghai.
The Chinese market is now ZF's biggest market, with its sales accounting for more than 20 percent of its global sales.
Bosch entered the Chinese market in 1909, and China is Bosch's biggest market. The German industrial giant seems committed to the Chinese market, and the company is currently making great efforts to promote the resumption of work and production.
Tesla resumes production at its Shanghai plant on April 19. [Photo provided to chinadaily.com.cn]