·China's auto parts companies cooperate with German capital to develop the European spare parts market

On August 28th, China Automobile Parts Holdings Ltd (CAP) and Protev Asia Ltd. (Protev), which are listed on the Malaysian side, signed a memorandum of understanding on the sale of spare parts.
Under the cooperation project, Protev will use its extensive distribution network to open the European spare parts sales market for CAP, and may even expand to the Central and South American market; at the same time, CAP can also help Protev improve its service capabilities, not just its original Some provide plastic work and technical support to customers.
Looking ahead, the two companies are interested in setting up joint ventures, CAP is primarily responsible for product development, and Protev is primarily responsible for operations and product sales.

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