HEFEI — Because the starting of the 12 months, Volkswagen Anhui’s MEB plant in Hefei metropolis, the capital of East China’s Anhui province, has been performing at full capability to provide new vitality autos (NEVs) for the European market.
On the superior manufacturing unit, round 1,000 robots are assigned to carry out varied duties and automatic guided autos carry supplies in an orderly method. On the identical time, the economic CT undertakes extremely environment friendly high quality evaluation in actual time.
With an funding of over 30 billion yuan ($4.22 billion), Volkswagen has constructed a brand new hub in Hefei that covers your complete worth chain from analysis and improvement (R&D) to manufacturing, gross sales and companies of NEVs, with 1,200 R&D personnel.
As China is accelerating the event of recent industrial programs and sci-tech innovation, many extra enterprises like Volkswagen are prioritizing their funding in high-tech industries and in search of new enterprise alternatives.
In 2023, China’s precise international direct funding (FDI), which remained at a traditionally excessive stage, hit greater than 1.13 trillion yuan, in keeping with the Ministry of Commerce.
In November 2023, American biotech firm Moderna commenced development of its first pharmaceutical plant in China, with an estimated funding of three.6 billion yuan. In the identical month, the development of BMW’s new battery manufacturing plant in Shenyang, northeast China’s Liaoning province, was accomplished.
This 12 months, China’s high-tech industries are poised to stay focal factors for international buyers.
The nation’s prime financial planner lately launched a brand new batch of flagship international funding initiatives, with a deliberate whole funding of over $15 billion, protecting fields together with biomedicine, vehicle manufacturing, energy batteries and chemical engineering.
The upgrading of China’s client market and the enhancement of sci-tech innovation have additionally strengthened international enterprises’ willingness to hunt new companies in China, stated Wang Yaping, deputy common supervisor of Deloitte Hefei Department.
Whereas investing extra in high-tech industries, many international enterprises started launching R&D facilities and constructing native provide chains somewhat than simply establishing manufacturing bases in China.
Not too long ago, Siemens formally opened the R&D heart of business software program in Shenzhen, South China’s Guangdong province. Final 12 months, Volkswagen introduced it will set up Volkswagen China Expertise Firm, its largest improvement heart outdoors Germany, in Anhui.
“With our ‘in China for China’ technique, we’ll develop way more know-how right here sooner or later to make even higher use of native progressive power and reply extra rapidly to the wants of Chinese language prospects,” stated Erwin Gabardi, CEO of Volkswagen Anhui.