Volkswagen AG showcases its EV technology at the China International Import Expo in November 2023. [Photo by Li Fusheng/chinadaily.com.cn] Volkswagen AG said on Wednesday it is codeveloping an electrical/electronic architecture with Chinese startup Xpeng in an effort to improve its competitive edge in China’s heated EV market. The architecture, which will be available in 2026, … Continue reading VW partners with Xpeng to develop EV architecture
Tag: investment
Liaoning praised for its business investment environment
Ahn Tae Min, the chairman of CJ (Shenyang) Biotech Co, a subsidiary of South Korean conglomerate CJ Group, recently expressed confidence in the advantageous investment climate of the city, and Liaoning province generally, pointing to the company’s rapid growth there in recent years. He also reiterated his strong belief in the greater Chinese market. CJ … Continue reading Liaoning praised for its business investment environment
Volkswagen invests 2.5 billion euros to expand innovation hub in China
A Volkswagen car is on display during an expo in Shanghai. [FAN JIANLEI/FOR CHINA DAILY] HEFEI – Volkswagen Group China on Thursday announced that it will invest 2.5 billion euros ($2.68 billion) in the expansion of its innovation hub in Hefei, the capital of East China’s Anhui province, to increase its pace of innovation in … Continue reading Volkswagen invests 2.5 billion euros to expand innovation hub in China
EMAG bullish on business in China market
Visitors check out EMAG products during a trade fair in Shanghai. [Photo/China Daily] EMAG Group, a German machine tool manufacturer, anticipates a doubling of delivery volumes from Chinese factories within the next three to four years, with several million euros of investment in the pipeline, said its executives. “This is the strategy we are implementing … Continue reading EMAG bullish on business in China market
German car parts supplier continues investment in China with confidence
Continental AG’s Logo. [Photo/VCG] HEFEI — A new project of German tire manufacturer Continental AG’s Hefei plant in the capital city of East China’s Anhui province, is currently in full construction mode. With advanced production techniques and product technologies, it is expected to commence operations in July. This move signifies another investment by the world-leading … Continue reading German car parts supplier continues investment in China with confidence
VW to invest $2.67b for expansion of Hefei hub
Volkswagen showcases the ID.3 at the Chengdu auto show in August. LI FUSHENG/CHINA DAILY Volkswagen is investing 2.5 billion euros ($2.67 billion) in China as the German car group celebrates its 40th anniversary in the world’s largest vehicle market. The investment will be spent on expanding its production and innovation hub in Hefei, Anhui province, … Continue reading VW to invest $2.67b for expansion of Hefei hub
Can Chinese stock indexes go the Nikkei way?
An investor looks at share prices at a brokerage in Fuyang, Anhui province. [Photo by Wang Biao/For China Daily] All eyes, it seems, are on the Japanese stock market (never mind that the Japanese yen plunged to a 34-year low of 151.97 against the US dollar on March 27). While the A-share market investors are … Continue reading Can Chinese stock indexes go the Nikkei way?
Sabic mulls collaboration with value chain partners
The Sabic’s logo. [Photo/VCG] Saudi Arabian petrochemicals company Sabic is committed to further collaborating with upstream and downstream value chain partners to unlock huge opportunities in China, thereby driving the innovative development and structural transformation of the petrochemicals industry in the country, its top executive said. “China, as one of our priority markets that contributes close … Continue reading Sabic mulls collaboration with value chain partners
US-based fund to up investment, client focus
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] US-based global investment firm Wellington Management will expand its investment and client coverage in China, a senior executive said, betting on the numerous opportunities in the Chinese market. “As we navigate through a potential new … Continue reading US-based fund to up investment, client focus
Huawei sounds 9.6% growth in 2023 revenue
Shoppers look at newly launched smartphones at the Huawei flagship store in Beijing.[Photo/Agencies] Huawei Technologies Co said on Friday that its revenue for 2023 hit 704.2 billion yuan ($97.5 billion), marking a year-on-year increase of 9.63 percent, and its net profit hit 87 billion yuan. The growth rate represents the highest annual revenue growth since … Continue reading Huawei sounds 9.6% growth in 2023 revenue