Delphi aims to increase its Chinese turnover fourfold by 2020, from USD2.3bn in 2012. Revenues in China increased by over 18% to USD 2.6bn in 2013, equivalent to 16% of global sales. It aims to increase this to 35% by 2020.
The company acknowledges it needs to invest heavily in order to outperform the overall Chinese market. It says it is investing USD100m in three new manufacturing facilities in the country, including an electrical component plant in Shenyang and new facilities in Yantai and Beijing.
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The company, which exited a four-year bankruptcy process in 2009, generated global revenues of USD 16.5bn in 2013.
