The California State Trade and Export Promotion (STEP) has announced new $1,500 grants to California-based SEMA members who are interested in exploring the Chinese market.
We think most SEMA members would agree that we’ve arrived at an interesting time for the automotive industry. Supply has outpaced demand for oil; the dollar is one of the stronger currencies internationally; and automotive manufacturing is in a growth mode.
That’s very different from 2009, when new-car sales were down, the dollar was weak and oil prices were $100 a barrel and climbing. SEMA members had to adapt, be innovative and efficient, and had to look for alternate sources of revenue. It also sparked some of our members to recognize significant opportunities in expanding to overseas markets.
Demand Is Strong; Will Laws Be Updated Soon?
Seventeen SEMA-member companies presented their products in a two-city visit to China during the September 2014 SEMA China Business Development tour. The SEMA delegation had the opportunity to exhibit both in Beijing and Shanghai. The group was briefed by the U.S. Embassy and participated in networking events in both cities, where members had the chance to meet with buyers from throughout the country. Buyers attended the SEMA events from 23 provinces located throughout China.
Registration for the 2014 SEMA China Business Development Tour ends Thursday, August 21. Participants will be part of a 30 member-company group of manufacturers and have the opportunity to visit with buyers at two events—one in Beijing and the other in Shanghai.
Registration of the 2014 SEMA China Business Development Tour ends next Friday, August 21. Participants will be part of a 30 member-company group of manufacturers and have the opportunity to visit with buyers at two events—one in Beijing and the other in Shanghai.
The SEMA tour, from September 2–7, 2012, to two of the most
important cities in regards to customization—Shanghai and Beijing—allows
participants to gain insight into the growing specialty market for the
1.3 billion Chinese consumers. Learn what products
sell, what products are in demand, and for which applications, through
networking opportunities with retailers and wholesalers.
In response to a number of calls and e-mails, priority registration for
the SEMA China Business Development Conference has been extended until
July 15. Don't miss the opportunity to learn about the potential for
your products in the growing Chinese market.