DETROIT ? GlobalAutoIndustry.Com has signed a latter of intent with Shanghai Kowin Automotive Components to develop an online business-to-business auto sourcing portal, which will allow buyers and sellers worldwide to do business over the Internet.
The organizations expect to sign the formal agreement during the Beijing Auto Show in November.
?Partnering with KOWIN/Chery offers the opportunity to connect global OEM and aftermarket buyers with the high-quality Chinese suppliers they are looking for, as well as the potential to bring economic opportunity to the local automotive industry,? said Michael DaMour, senior vice president, Global Business Development at GlobalAutoIndustry.com . ?Working with KOWIN and their parent company, Chery Automotive, will not only guarantee access to top quality suppliers in China but also provide a high amount of support and value in China’s booming automotive industry.?
The portal also will allow participating companies to post the necessary information for completing transactions, including RFQ’s, specifications, drawings and parts catalogs. It also offers secure information management, including e-mail, Web meeting capability, 24-hour customer service/help desk, buyer and seller databases and other automotive-related resources. The portal will also offer valuable content on global sourcing and will include the latest information, dynamic analysis, and professional view points. Additionally, the portal will provide offline activities including training, certification and purchasing events, all while promoting business between countries around the world.
?Sourcing from emerging markets, especially China, has become imperative for most players in mature automotive markets,? said Kevin Chen, CEO of Shanghai KOWIN Automotive Components Co. Ltd. ?With thousands of suppliers in China, and varying terms of quality and service capability, it creates significant challenges for global buyers to find appropriate suppliers in China. The creation of this portal will help to accelerate that process.?
Founded in 1997, Chery Automotive Co. is the fastest growing independent automaker in China. Shanghai KOWIN Automotive Components was founded by two of China’s leading automakers, Chery Auto and Brilliance Auto, in May 2004 as a purchasing platform. KOWIN is now the sole sales agent for Chery’s tier 1 and tier 2 suppliers as well as the distribution agent of spare parts for Chery’s global operations.
GlobalAutoIndustry.com connects the worldwide auto supplier industry through its web site, auto supplier executives can find insight, solutions and strategies focused on doing business in the world’s top automotive markets.
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