Volkswagen (Anhui)** photographed MEB modular electric drive platform exhibition area (data**) Xinhua News Agency.
Hefei, Dec. 14 (Xinhua) -- Volkswagen Group has set up its largest R&D center outside its headquarters in Germany in China, focusing on the research and development of intelligent networked vehiclesCorning completed the second phase of the expansion of its first automotive application solution factory in China, and the intelligent drug synthesis project settled in SuzhouStarbucks has set up an innovation and technology center in Shenzhen to focus on incubating digital innovation ...... retail
Many world-renowned enterprises have increased their investment in emerging industries in China, reflecting that more and more high-quality, high-end, and technological innovation industries in China are becoming a "new" gravitational force to attract foreign investment.
According to statistics, from January to October 2023, the actual use of foreign capital in China's manufacturing industry was 2,834400 million yuan, a year-on-year increase of 19%, of which the actual use of foreign investment in high-tech manufacturing increased by 9 percent year-on-year5%。
Taking Anhui as an example, foreign-funded enterprises have a clear willingness to expand investment in high-end equipment manufacturing, new materials, new energy and other related industries. Wang Yaping, deputy general manager of Deloitte Touche Tohmatsu Certified Public Accountants Hefei Branch, said that the agency's professional market research and analysis show that the upgrading of China's consumer market and the enhancement of scientific and technological innovation capabilities have made foreign enterprises more willing to develop new business in China.
As one of the most representative emerging industries in China's high-end manufacturing industry, the new energy vehicle industry has driven the development of global related industries such as vehicle production, intelligent innovation and R&D, and the automotive industry chain. This has also led some well-known multinational car companies to deploy in China, hoping to develop the future automobile market.
With a total investment of 23.1 billion yuan, Volkswagen's Anhui new energy vehicle project is progressing. "This year, we invested 7.5 billion yuan in Hefei to establish Volkswagen Group China Technologies***, and we announced that we will build the first electric vehicle platform in Hefei dedicated to the Chinese market. Volkswagen (Anhui)** CEO Ge Wandi said that in just two and a half years, Volkswagen has established a new energy vehicle center in Anhui, covering the complete value chain from R&D, production to sales and service.
In May 2023, BMW Brilliance announced that it would start production of new-generation BEVs in Shenyang from 2026, and the sixth-generation BMW EV battery project with a total investment of CNY 10 billion has also started.
Not only in the field of new energy vehicles, innovative development and high-quality development have also brought continuous impetus for some foreign investors to explore new markets in new fields such as biomedicine and digital economy.
Corning Continuous Pharmaceutical Technology (Suzhou) taken in Suzhou, Jiangsu Province**Exterior (data**) issued by Xinhua News Agency.
We will continue to invest in China, actively promote technological innovation, and continue to explore new opportunities in new areas. As one of the world's leading companies in materials science, Corning has completed the second phase of expansion of its first automotive application solutions factory and is actively planning to invest in the third phase. At the same time, Corning's intelligent drug synthesis project settled in Suzhou, trying to build a biomedical industry ecosystem.
In August 2023, Starbucks announced that it would invest RMB 1.5 billion in Shenzhen to set up an innovation and technology center focused on incubating people-centric retail digital innovation. In September, the Starbucks China Coffee Innovation Industrial Park, with a total investment of 1.5 billion yuan, was officially completed and put into operation in Kunshan, Jiangsu Province.
Experts said that while relying on new industries to let foreign capital in, it is also necessary to let them stay, develop well, and achieve a win-win situation. This puts forward higher requirements for China to build a world-class business environment at all levels.
Zhang Rui, director of the Foreign Investment Management Division of the Anhui Provincial Department of Commerce, said that the first and local governments have introduced a series of measures to create a first-class business environment and continuously optimize the supply of foreign investment policies. As one of the important provinces in the development of China's science and technology innovation industry, Anhui Province has introduced targeted policies and measures to support foreign-funded enterprises to set up R&D centers in Anhui.
Time, location, people", Ge Wandi expressed the advantages of investing in China in an ancient Chinese saying, he said that the Volkswagen Group's investment in Hefei has received strong policy support from the local government, which has promoted the rapid progress of the project. Local** also offers very attractive talent policies to support their talent recruitment and development programs.
According to the "Survey Report on China's Foreign Business Environment for the Third Quarter of 2023" released by the China Council for the Promotion of International Trade, more than eighty percent of the surveyed foreign-funded enterprises rated China's business environment as satisfactory or above, and nearly ninety percent expect profits to be flat or improve in the next five years.