NEW YORK (TheStreet) -- A number of Indiana auto-components makers will be meeting with executives from more than a dozen Chinese auto firms to talk about cooperating on electric and hybrid vehicle production, according to a report.
According to the
, the meeting could ultimately result in the the manufacturing of parts for Chinese automakers by the Indiana companies, and is intended to pique the interest of the Chinese firms in setting up operations in Indiana.
The Indiana companies that will be participating in the meetings -- set to take place in downtown Indianapolis -- include
Delphi Automotive Systems
says. The firms traffic in such areas as advanced batteries, engines, transmissions and electronics for hybrid and electric vehicles.
The Chinese delegation will include almost 100 executives and government officials. China deputy counsel general, Chu Mao Ming told reporters at a statehouse news conference Monday that he believes the meeting could be fruitful for both China and Indiana.
Chu Mao Ming said that the country's ability to tap into advanced electric and hybrid vehicle technology has recently become especially important, as China aims to cultivate a "green" economy,
This event occurs not long after the Indiana Economic Development Corp., lead by Daniels, said it would set up a second office in China.
Cummins stock has fallen 4.8% to $61.13 twenty minutes into Tuesday's trading sessio, as the Dow declined more than 200 points on European debt anxiety.
-- Reported by Andrea Tse in New York
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