ContiTech officially joins China's auto parts market alliance company to seek Chinese auto aftermarket

ContiTech (Shanghai) Rubber Technology Co., Ltd. announced the addition of China Auto Parts Market Alliance (CAAPA) and accept the Oder-wei strategic partner trophy CAAPA issued. CAAPA is a consortium formed in China by the Alliance Group, the largest independent automotive parts and components distributor in the North American market. Affiliate members collectively use Auto Value Aodewei as a common brand, and form a distributor alliance under the line of offline development, gathering a large number of distributor members and developing an end market.

ContiTech Forms Strategic Partnership with China Auto Parts Aftermarket Alliance (CAAPA)
ContiTech Forms Strategic Partnership with China Auto Parts Aftermarket Alliance (CAAPA)

In the future, ContiTech will be the designated supplier of CAAPA and supply ContiTech with a full range of driveline products including timing belts, V-ribbed belts, V-belts, and timing packages. CAAPA provides complete service for automotive parts and components including product procurement, sales, distribution, marketing, and IT support for the entire aftermarket. At the very beginning of its establishment, CAAPA absorbed five dealers in China's automotive aftermarket that have considerable strength as promoter members and are responsible for guiding the operation and development of the entire alliance in the Chinese market. They have more than 150 stores in 15 provinces and cities in China.

ContiTech will be the designated supplier of CAAPA and supply ContiTech's full range of driveline products including timing belts, V-ribbed belts, V-belts, and timing packages.

Since its inception, CAAPA has been known for its stringent selection of suppliers, its ability to become a strategic partner and its recognition of ContiTech. As a technology leader in non-tire rubber and plastics technology worldwide, ContiTech is part of the Continental Group. Its driveline business unit has many years of experience in production and sales in the drive belt area and has won a good reputation from customers. After joining the alliance, ContiTech will work with other excellent suppliers to further build the CAAPA platform, expand its sales network, establish partnerships with more dealers, and create a favorable trading environment for China's independent auto aftermarket.

In recent years, various car companies, domestic and foreign parts companies, and internet giants have all laid out China’s auto market, with more than 100 million car ownership and more than 20 million new cars annually, making China the fastest growing car in the world. Aftermarket. As an Alliance of Automotive Aftermarket Parts Distributors led by Alliance in China, CAAPA hopes to not only maintain the independence of the companies in the alliance, but also to avoid weaknesses through internal and external alliances. After joining, ContiTech will rely on CAAPA's mature chain operation advantage to provide customers with more professional and effective products and services to create more value for customers. When talking about the future, Juergen Zwoll, General Manager of ContiTech's Automotive Aftermarket Belt Asia Pacific, said: "Alliance has accumulated rich experience in independent automotive aftermarket sales and branding in the North American market. We hope and other excellent supplies. Together with business partners, make use of their respective advantages and build China's auto aftermarket alliance."

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