Purchasers from GM, PSA, FIAT, TATA, Valeo, Linamar and more than 200 suppliers came to witness this launch event. This competition was organized by Gasgoo and supported by over 20 industry associations including VDA.

This competition aimed to bring the auto parts suppliers's changes during the past year to light and to provide purchasers from OEMs and Tier 1 the new company information.

Chinese auto production and sales number has reached 10 million in 2009. China Automotive Industry is now facing a new stage. The auto parts suppliers are now stepping into an unprecedented generation. China is still an emerging market for auto industry. It is still too early to say who are final winners among OEMs and auto parts suppliers, especially for the latter.

Simultaneously, the OEMs need to renegotiate with the auto parts suppliers. They need those who can keep the same developing pace with them.

According to the research of over 50 OEMs including Changan Ford, Shanghai Maple, BMW and Beijing Auto, 85.9 percent purchasers think that to explore the high-rank domestic auto parts supplies and help to improve the suppliers' ability ranks high in their job priorities. 78.6 percent purchasers expressed that they need have a good knowledge of the distribution of the domestic suppliers resources and hope that the leading suppliers could be recommended to them.

Gasgoo will hold Top 100 "Most Competitive" Auto Parts Suppliers Awards 2010 affiliated with auto authorities home and abroad; decision makers and chief executives in procurement and R&D department from OEMs and leading tier 1 suppliers, to vote for 100 fastest growth suppliers among all and publicly announce the winners list at the Second Annual Global Automotive Sourcing Summit, to be held in April 2010 in Beijing.

This competition is a very powerful tool for the purchasers as well as the suppliers to have a clear idea of the auto industry. It focused to bring the changing law of the auto parts suppliers to light for the government, whole industry and the media. It aimed to improve the whole technology, management standard and help develop in the global market.