China plans, since 2015, to invest 100~150 billion US dollar annually on cultivating domestic chip industry
25/03/2014View: 2220

Because of the rapid increase of automobile industry which promotes the upgrade of the downstream automotive products and technology, in recent years, China's automotive electronics market has entered a rapid development period and reached a stable state. In 2009, the automobile electronic product sales in China achieved 210 billion yuan, a year-on-year growth of 49.42%. In 2010 sales achieved nearly 260 billion yuan. In addition, according to the "report on the development of China's automobile industry (2010)", at present electronic devices in the average foreign car accounted for 20% - 25% vehicle costs, while China's automotive electronics products accounted for the proportion is only 10% of the average vehicle cost, which is much lower than the foreign average level. China's automotive electronics industry future still has broad prospects of development.

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