This is a bird's-eye view of Volkswagen's Anhui MEB plant (data**) issued by Xinhua News Agency.
Xinhua News Agency, Tianjin, Dec. 7 (Xinhua) -- European companies have cast a "vote of confidence" in China in the hope of further integrating into the Chinese market.
Xinhua News Agency reporters Mao Zhenhua and Song Rui.
Not long ago, the Volkswagen Group announced that Volkswagen (China) Technology***, the group's largest R&D center outside the German headquarters, will launch an electric vehicle platform for the entry-level market within three years, and develop pure electric models tailored to the needs of Chinese customers.
This underscores the determination of Europe's largest car company to further integrate into the Chinese market. With a total investment of around EUR 1 billion, Volkswagen Technology China*** is scheduled to start operations in Hefei, Anhui Province, in early 2024.
"We will take on more significant development work 'in China, for China' and expect to bring the new platform to market within 36 months, enabling us to rapidly tap into new customer segments in the dynamic Chinese EV market." Volkswagen Group China Chairman and CEO Braid said.
Not only the Volkswagen Group, but also many German companies have set their sights on China and choose to put down roots here.
Engaged in the manufacture of rail transit coatings, high-temperature non-stick cookware coating R & D and production of German enterprise Weibao Paint (Tianjin)** began operation in Wuqing, Tianjin in 2020, with an average annual sales of more than 100 million yuan and an annual output of about 1,200 tons of coatings.
During the 6th CIIE, German materials manufacturer Covestro and Huafon Group signed a letter of intent for strategic cooperation to jointly develop low-carbon solutionsBoehringer Ingelheim, a German family-owned pharmaceutical company, is accelerating the introduction of global innovative products, solutions and advanced ideas into China, and promoting the simultaneous innovation ...... in China and the world
According to a survey of 288 German companies in China, more than half of the German companies plan to increase their investment in China in the next two years in order to remain competitive in this important market.
In recent years, more and more European companies have "voted with their feet" to strengthen their business in China and continue their development momentum in China.
This is the site of the groundbreaking ceremony of the second ** line project of the Airbus Tianjin A320 series aircraft taken on September 28. Photo by Xinhua News Agency reporter Zhao Zishuo.
At the end of September, European aircraft manufacturer Airbus broke ground on the second A320 series aircraft line invested and built in China. Airbus CEO Foury said in his speech that this is a vote of confidence for us to demonstrate our confidence in the future of China's aviation industry, as well as our long-lasting, trusting and successful relationships with our Chinese partners.
Walking into the latest factory of the Belgian Axapor Group in Tianjin, in the nearly 7,000-square-meter airport navigation aid product production and testing workshop, several production lines such as dimmers and embedded lamps are running at full capacity.
Our products are widely used in large and medium-sized airports in China, and are also exported to the United States, Belgium, Poland and other countries and regions. Yang Xinyu, Vice President of Operations of Acebo Group in China, is full of confidence in the company's prospects in China.
This is the central control room of Unilever's Tianjin food factory taken on May 11. Photo by Xinhua News Agency reporter Zhao Zishuo.
Since the beginning of this year, against the backdrop of sluggish global transnational investment, China's absorption of foreign capital has remained basically stable. According to the European Union Chamber of Commerce in China Business Confidence Survey 2023, more than 90% of the companies surveyed plan to use China as an investment destination, and 59% of them see China as one of the three main investment destinations.
China has taken the initiative to align with high-standard international economic and trade rules, and promoted high-level opening-up through institutional opening-up. The "Opinions on Further Optimizing the Foreign Investment Environment and Increasing the Efforts to Attract Foreign Investment" issued in August this year proposed to improve the quality of foreign investment utilization and continue to strengthen the protection of foreign investment.
The scale and quality of China-EU economic and trade exchanges have been continuously expanded, and China and the EU have achieved mutual benefit and win-win results in the process of freedom, openness, mutual tolerance and mutual cooperation. Chen Jingyue, executive vice president and secretary general of the China-Europe Association for Economic and Technical Cooperation, said.