China’s auto mo­tive

Herald Sun - Motoring - - News -

Some of that in­vest­ment is al­ready bear­ing fruit. Geely threw a life­line to the Al­bury­based DSI trans­mis­sion com­pany in March, pay­ing $58 mil­lion for the com­pany to se­cure its fu­ture. Geely has also said it will lift em­ployee num­bers and boost its re­search and de­vel­op­ment.

Carr says the Chi­nese are looking for high­qual­ity de­vel­oped tech­nolo­gies and part­ner­ship ar­range­ments.

‘‘And they know — I be­lieve there is in­creas­ing aware­ness — that Aus­tralia pro­vides the ca­pac­ity to pro­duce good re­sults in those ar­eas,’’ he says.

‘‘Eleven com­pa­nies are now op­er­at­ing here that have come out from Aus­tralia.’’

CARR says re­search or­gan­i­sa­tions such as the CSIRO and Gee­long-based Deakin Uni­ver­sity are work­ing on tech­nolo­gies that will be very at­trac­tive to the Chi­nese car in­dus­try.

‘‘In terms of light met­als, com­pos­ite ma­te­ri­als and fuel sys­tems, huge op­por­tu­ni­ties are open­ing up,’’ he says.

The lo­cal auto in­dus­try’s global rep­u­ta­tion is help­ing, too.

‘‘We have a ma­ture in­dus­try that might well be small in vol­ume but is high in rep­u­ta­tion,’’ Carr says.

Ul­ti­mately, di­ver­si­fi­ca­tion of the lo­cal com­po­nent and car sec­tor would help strengthen our in­dus­try and en­sure its sus­tain­abil­ity.

Ch­ery ripe: Si­mon Crean (left) and Kim Carr tour the Ch­ery Auto fac­tory in Wuhu.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.