The World News AM
Saturday, May 10, 2025
  • Login
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us
No Result
View All Result
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us
No Result
View All Result
The World News AM
No Result
View All Result
Home China

Foreign investors eye more opportunities in China’s high-tech industry

WNAM: by WNAM:
February 15, 2024
in China
0
Foreign investors eye more opportunities in China’s high-tech industry
0
SHARES
20
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

WNAM MONITORING: Since the beginning of the year, Volkswagen Anhui’s MEB plant in Hefei City, the capital of east China’s Anhui Province, has been functioning at full capacity to produce new energy vehicles (NEVs) for the European market.

At the advanced factory, around 1,000 robots are assigned to perform various duties and automated guided vehicles carry materials in an orderly manner. At the same time, the industrial CT undertakes highly efficient quality analysis in real time.

With an investment of over 30 billion yuan (about 4.22 billion U.S. dollars), Volkswagen has built a new hub in Hefei that covers the entire value chain from research and development (R&D) to manufacturing, sales and services of NEVs, with 1,200 R&D personnel.

As China is accelerating the development of modern industrial systems and sci-tech innovation, many more enterprises like Volkswagen are prioritizing their investment in high-tech industries and seeking new business opportunities.

In 2023, China’s actual foreign direct investment (FDI), which remained at a historically high level, hit more than 1.13 trillion yuan, according to the Ministry of Commerce.

In November 2023, American biotech company Moderna commenced construction of its first pharmaceutical plant in China, with an estimated investment of 3.6 billion yuan. In the same month, the construction of BMW’s new battery production plant in Shenyang, northeast China’s Liaoning Province, was completed.

This year, China’s high-tech industries are poised to remain focal points for foreign investors.

The country’s top economic planner recently launched a new batch of flagship foreign investment projects, with a planned total investment of over 15 billion U.S. dollars, covering fields including biomedicine, automobile manufacturing, power batteries and chemical engineering.

The upgrading of China’s consumer market and the enhancement of sci-tech innovation have also strengthened foreign enterprises’ willingness to seek new businesses in China, said Wang Yaping, deputy general manager of Deloitte Hefei Branch.

While investing more in high-tech industries, many foreign enterprises began launching R&D centers and building local supply chains rather than just establishing production bases in China.

Recently, Siemens officially opened the R&D center of industrial software in Shenzhen, south China’s Guangdong Province. Last year, Volkswagen announced it would establish Volkswagen China Technology Company, its largest development center outside Germany, in Anhui.

“With our ‘in China for China’ strategy, we will develop much more technology here in the future to make even better use of local innovative strength and respond more quickly to the needs of Chinese customers,” said Erwin Gabardi, CEO of Volkswagen Anhui.

ShareTweetShare
WNAM:

WNAM:

Related Posts

China, Russia urge nuclear-weapon States to abandon Cold War mentality

China, Russia urge nuclear-weapon States to abandon Cold War mentality

by WNAM:
May 9, 2025
0

MOSCOW (Xinhua) China and Russia urged nuclear-weapon states to abandon the Cold War mentality and zero-sum games, according to a...

 Xi calls on China, Russia to maintain strategic resolve, coordination

 Xi calls on China, Russia to maintain strategic resolve, coordination

by WNAM:
May 9, 2025
0

MOSCOW (Xinhua) :  Chinese President Xi Jinping said Thursday that China and Russia should maintain strategic resolve and coordination as...

‘Neighbors cannot be moved away’: China urges India, Pakistan to cease hostilities, lower tensions

‘Neighbors cannot be moved away’: China urges India, Pakistan to cease hostilities, lower tensions

by WNAM:
May 9, 2025
0

China on Thursday urged India and Pakistan to cease hostilities and lower tensions, stressing that the two South Asian “neighbors...

Xi says China, Russia to shoulder special responsibility as major countries

Xi says China, Russia to shoulder special responsibility as major countries

by WNAM:
May 9, 2025
0

MOSCOW (Xinhua)  In face of the countercurrent of unilateralism and the act of power politics and bullying in the world,...

Xi urges China, Russia to safeguard UN authority, defend interests of developing countries

Xi urges China, Russia to safeguard UN authority, defend interests of developing countries

by WNAM:
May 8, 2025
0

WNAM REPORT: Chinese President Xi Jinping said here Thursday that China is ready to work with Russia to safeguard the...

Next Post
Oldest elephant in Korea dies at 59

Oldest elephant in Korea dies at 59

BISP committed to elevate marginalized communities of Pakistan: Chairperson

BISP committed to elevate marginalized communities of Pakistan: Chairperson

  • Home
  • World
  • Gulf
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us

© 2023 The World News AM - Develope and maintain by Skyhost.

No Result
View All Result
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us

© 2023 The World News AM - Develope and maintain by Skyhost.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In