Foreign auto parts companies such as Valeo and Autoliv are planning to build new factories in the Chinese market

Valeo has reached a strategic cooperation with Shanghai Waigang Town and will build a new "Comfort and Driving Assistance System Production and R&D Base" in Waigang Industrial Park. Autoliv has signed a factory project with Hefei City and plans to build a smart steering wheel factory with an annual output of millions.