Delphi Automotive sees China revenue doubling by 2016

Delphi Automotive's (DLPH) China President Simon Yang foresees revenue from the country doubling to nearly $5.5B by 2016 as Chinese car makers boost their quality for increasingly discerning local customers.

China should account for 35% of worldwide auto sales by the end of this decade vs. 16% last year, Yang says, driven by growth in car sales, particularly upscale models that use more high-end auto components.

Yang also says Chinese brands could become global players if the government relaxed joint venture restrictions on foreign auto companies, even though global brands are currently taking share from Chinese rivals at home.

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