ORLANDO, Fla. – General Automotive Co., a North American provider of aftermarket parts and advanced technology for the automotive industry, has announced a joint venture agreement with Taichi Automotive of China.
Taichi was established in 2007 by Xiaodong Han, founder of China operations of United Components Inc.; Yubing Wang, founder and Chairman of Beijing Oriental Zizhi Cultural Communications Co., Ltd; S.S. Liu, co-founder of Framedia; and Tom Zeng. Taichi Automotive is a China sourcing and market entry service provider based in Shanghai, China. Taichi has assisted many market leaders from $20 million annual sales to $60 billion in discovering and engaging China resources including sourcing more than $500 million worth of products ranging from auto parts to consumer products.
General Automotive said it continues to expand its manufacturing and supplier base in China with this new partnership. Taichi currently has presence across Asia including the cities of Shanghai, Beijing, Hong Kong, Taipei and Weihai. Taichi currently works with some of the largest automotive parts companies within China.
The General Automotive-Taichi Partnership in China will have a strong focus in the development and sourcing of quality automotive parts while cultivating new manufacturing and distribution opportunities. With a growing client base in its U.S. and export markets, the China operation will not only help support existing manufacturing relationships, which ensure quality and on time delivery, but also enhance logistical support, the two companies noted.
"We strongly believe our expansion into the China market will allow us to better serve our customers, helping them to achieve a more economical and higher quality product while also being able to leverage our existing relationships to expand our revenue and customer base both here and in China," said Dan Valladao, CEO and president of General Automotive.
"The timing for the opening of General Automotive China is right – General Automotive needed to be able to deliver consistent service and strong leadership in the region and our team is ideally experienced to achieve this," said Xiodong Han, founder and president of Taichi.
