Lithuanian companies produce parts for automobile industry giants

Some fifty Lithuanian businesses produce spare parts, components or even entire vehicles for global automobile industry giants.

While the quantity supplied by Lithuanian companies is significantly smaller than, say, the Chinese, specialists highlight that Lithuanian makers can compete with quality and proximity.

The annual income of Lithuanian companies producing for global automobile giants has recently passed €400 million. While many companies enjoy advantages in their quality products or appealing price point, the competition is exceedingly intense, particularly with companies in the Asia, China being a notable example.

Related Post

Almost every region of Lithuania has at least one company working with major corporations such as BMW, General Motors, Audi, Volkswagen, Kamaz or Gaz. Discussing the sector, Enterprise Lithuania cluster development coordinator Darius Lasionis pointed out that “The spectrum is very wide. Everything is being produced – stamped parts, wiring, electronics, various components, filters and starters. Some fifty companies are generating returns of over €400 million.”

He paints an optimistic future for the sector in Lithuania, stating that “truthfully, Lithuania is in a very beneficial situation. I could even say perhaps the whole Baltic region. Particularly because more and more Western companies are looking to find suppliers and producers closer to home. Also because labour is becoming more and more expensive in China.”

LRT

Share

Recent Posts

  • Latest

A few questions to Mr. Putin, Mr. Trump and all those calling for “peace at all costs”

I admit it: I’m not that type of person who follows domestic and international politics…

1 week ago
  • Latest

Message from the President’s Office to Paluckas on Žemaitaitis

While Prime Minister Gintautas Paluckas does not take issue with the statements made by the…

2 months ago
  • Economy

Surprised by what’s happening in Lithuania: this is what makes us stand out in the EU

Lithuanian economists are surprised to see our country's economic growth: the Estonian economy has been…

2 months ago
  • Politics

Will the coalition shut the door on Žemaitaitis?

"The fate of Nemuno Aušra (Dawn of Nemunas) in the coalition has been decided; they…

2 months ago
  • Tribune

Airvolve has begun the patenting process for an exclusive aircraft

Airvolve, a Lithuanian dual-purpose aeronautics company, has successfully completed its first round of testing and…

2 months ago
  • Latest

Bruveris. The world in 2025: a continuation of last year’s collapses towards new fires

The world is becoming smaller, more intertwined, and increasingly fragmented, with many of the previous…

3 months ago