Chinese auto parts maker highlights technological edge as key to global competitiveness

Shanghai Baolong Automotive Corporation, a leading auto parts supplier, has highlighted cutting-edge technology as a crucial factor in maintaining resilience and competitiveness amid global market uncertainties.

The company focuses on research, development, production, and sales of auto parts, operating 19 factories and 11 research centers across seven countries as of 2024.

To cater to the premium U.S. market, it established factories in Europe years ago, bypassing high tariffs and strengthening its competitive edge.

"I believe that Chinese companies can find ample opportunities by concentrating on specific areas and striving to become global leaders in their respective niche markets," said Zhang Zuqiu, chairman and president of Shanghai Baolong Automotive Corporation.

The company produces more than 260 million tire valves annually, dominating this niche market globally. In addition, its tire pressure monitoring systems are now among the world's top three.

"Although this seems like a niche product, it involves a high technical barrier, with over 100 patents granted worldwide. In the field of auto-location technology, we possess a cluster of patents," said Shi Weihua, head of research and development for the tire pressure monitoring system.

Chinese auto parts maker highlights technological edge as key to global competitiveness

Chinese auto parts maker highlights technological edge as key to global competitiveness

Chinese auto parts maker highlights technological edge as key to global competitiveness

President of the Republic of Korea (ROK) Lee Jae Myung has expressed his hope that his upcoming visit to China will help eliminate past misunderstandings and issues, underscoring the importance of ties between the two countries.

At the invitation of Chinese President Xi Jinping, Lee will pay a state visit to China from Jan 4 to 7. It will be Lee's first visit to China since he took office.

In an interview with China Media Group (CMG) in Seoul on Wednesday, Lee acknowledged the existing misunderstandings and issues between the two countries, noting that addressing these issues is a key goal of his visit.

"The current international landscape is turbulent, with escalating issues among various countries. In this context, the relationship between the Republic of Korea and China holds significant importance for us. the ROK and China are deeply interconnected in many areas, including history, economy, geopolitics, politics and security. Northeast Asia's peace, stability, mutual respect, and common prosperity are crucial for both countries," said Lee.

"Admittedly, there have been some misunderstandings and issues between the ROK and China, which have hindered the development of bilateral relations to some extent. Therefore, the purpose of my upcoming visit to China is to minimize or eliminate these past issues, foster a leap in our bilateral relations to a new level, and solidify the ROK and China as partners that mutually support each other's development," he said.

ROK President hopes to reduce misunderstandings with China during upcoming visit