The auto industry will become China's largest cable Market

The world's fourth largest car market China market in 2004 year-on-year growth of 50%. Experts believe that as millions of Chinese look forward to driving their own cars in the next two years, the growth will continue.

According to industry insiders, in the domestic market, the indispensable Department of wire and cable is experiencing rapid industrialization stage, the first is the automotive industry, as well as the construction industry and communications sector. Such as Volkswagen's branch Audi plans to expand the scale in China, as a base for exports, and ultimately meet the European market supply. In addition, Volkswagen has 34% of the market share, ready to sell in China this year, and the market for the car to put in 5 new models of the car in the design of the new car in the market, the introduction of the new car models in china. According to reports, by 2008, the company plans to invest 6 billion yuan, so that production increased by a factor of 1, the annual car sales increased to 1 million 500 thousand.

With a large number of investment in these manufacturers, China's wire and cable will also become the largest market. LEONI, the world's leading producer of automotive and data cables and wiring systems, says they have seen China as one of the major growth markets in the future.