Visitors gather at the booth of Horizon Robotics during an automobile expo in Shanghai in April 2023. [Photo/China Daily] Horizon Robotics, a Chinese provider of intelligent driving technologies to major automakers like Volkswagen and BYD, is stepping up its push to tap into the burgeoning market for intelligent vehicles. “We strive to empower every passenger … Continue reading Horizon Robotics revving up smart vehicle ops
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Mars and FAW-Volkswagen inject fresh investment in Tianjin
A glance at a production line of FAW-Volkswagen in Tianjin. [Photo provided to chinadaily.com.cn] A substantial surge in foreign investment in the coastal city of Tianjin reflects the confidence of multinational corporations in investing in China. On May 15, US-based pet food company Mars and the Sino-German joint venture FAW-Volkswagen announced new capital injections of … Continue reading Mars and FAW-Volkswagen inject fresh investment in Tianjin
Auto part firms eye opportunities in Central Europe
A screenshot from the website of Chervon-Auto Precision Technology. [Photo/Chervon-Auto Precision Technology] A growing number of Chinese companies are venturing overseas and launching localized production to embrace globalization, with Hungary emerging as a hot spot of investment, thanks to its strategic location, favorable policies and proactive efforts to attract Chinese auto part manufacturers, said business … Continue reading Auto part firms eye opportunities in Central Europe
Bayer sees rise of more innovative drugs
A view of the booth of Bayer AG during an expo in Shanghai. [Photo/China Daily] With China offering a constantly improving business environment, deeper industrial collaboration and more innovation, multinational corporations in the pharmaceutical industry and Chinese startups will have more growth opportunities, thereby bringing more innovative drugs to the market, said an executive of … Continue reading Bayer sees rise of more innovative drugs
Ningxia spandex enterprise kicks off third-phase construction
Hyosung Spandex (Ningxia) Co Ltd, the largest foreign-funded enterprise in the Ningxia Hui autonomous region, starts their third phase project at the Ningdong Energy and Chemical Industry Base on Monday. [Photo provided to chinadaily.com.cn] Hyosung Spandex (Ningxia) Co Ltd, the largest foreign-funded enterprise in the Ningxia Hui autonomous region, showed great confidence in carrying out … Continue reading Ningxia spandex enterprise kicks off third-phase construction
State Grid RPA robot project optimizing meteorological data collection
A staff member from State Grid Shizuishan Power Supply Company deals with the information sent by the meteorological warning RPA robot. [Photo provided to chinadaily.com.cn] On May 7, State Grid Shizuishan Power Supply Company’s pioneering project, the intelligent substation meteorological warning linked intelligent inspection RPA robot, was put to use, ensuring the safe operation of … Continue reading State Grid RPA robot project optimizing meteorological data collection
China’s brands favored by foreigners unveiled
[Photo/2024 China Brand Day gala] The 2024 China’s brands favored by foreigners was announced during the China Brand Day events in Shanghai on May 10. Fifty brands were selected, according to Xinhua News Agency. The announced brands are comprehensively evaluated based on four dimensions: online votes, product export volume, overseas presence via media and expert … Continue reading China’s brands favored by foreigners unveiled
Swiss air quality tech company IQAir confident in the Chinese market
Frank Hammes, global CEO of IQAir, introduces the company’s latest products in Beijing. [Photo provided to chinadaily.com.cn] Swiss air quality technology company IQAir sees big opportunities in the Chinese market amid the growing demand for products that can help better manage the indoor air environment. The company has unveiled its latest IQAir GC XE air … Continue reading Swiss air quality tech company IQAir confident in the Chinese market
Canon to expand footprint in China with stronger local ties
Visitors check out Canon products while performers wearing traditional Chinese apparel stage a performance during a camera expo in Beijing on Friday. [DU JIANPO/FOR CHINA DAILY] Japanese tech company Canon Inc will intensify efforts to deepen cooperation with its Chinese partners and further tap the immense potential of China’s consumer market, given that new business … Continue reading Canon to expand footprint in China with stronger local ties
China’s medical technology shows world-leading signs in some fields
AstraZeneca and five Wuxi-based local innovative biomedical enterprises release a collaborative overseas plan in Wuxi, Jiangsu province, on Friday. [Photo provided to chinadaily.com.cn] In the process of going international, China’s medical technology has shown signs of overtaking and leading the world in some fields, such as cell therapy, gene editing and some medical equipment, said … Continue reading China’s medical technology shows world-leading signs in some fields