A BYD Ocean-M electric car is displayed at the 2024 Auto China in Beijing on April 25, 2024. [Photo/VCG] BEIJING – China’s automobile manufacturing industry registered strong expansion in the first quarter (Q1) of this year, latest data from the China Association of Automobile Manufacturers showed. During the period, the sector’s industrial added value rose … Continue reading China’s automobile manufacturing industry logs steady growth in Q1
Tag: manufacturing
Covestro sanguine on prospects
A sign of Covestro is seen at an expo held in Shanghai, 2022. [Photo/VCG] About 75 percent of Covestro AG’s planned investment in the Asia-Pacific region will be directed to China over the next three years, said the CEO of the German manufacturer of polymers and high-performance plastics. Without revealing the specific investment figure, Markus … Continue reading Covestro sanguine on prospects
BMW set to invest more in Shenyang
BMW’s M4 displays at the 2024 Beijing auto show, April 27. [Photo/VCG] German automaker BMW Group’s latest plan to invest an additional 20 billion yuan ($2.76 billion) in its production base in Shenyang, the capital of Liaoning province, will boost its earnings potential and benefit upstream and downstream businesses in China, a renowned scholar said … Continue reading BMW set to invest more in Shenyang
Advanced manufacturing magnet for foreign firms amid upgrades
Daimler trucks are displayed during the 6th China International Import Expo in Shanghai in November. PHOTO/CHINA DAILY BEIJING — China’s advanced manufacturing is attracting the attention of foreign-invested companies amid an innovation-led upgrade of the nation’s industrial chain. “We see booming innovations in areas including new energy vehicles, and connected and automated driving trucks in … Continue reading Advanced manufacturing magnet for foreign firms amid upgrades
China advances financial services for manufacturing industry
A worker counts Chinese currency renminbi at a bank in Linyi, East China’s Shandong province. [Photo/Xinhua] China will step up efforts on enhancing financial services for the manufacturing industry, to facilitate the advancement of new industrialization, according to a circular unveiled on Tuesday. The joint report published by the National Financial Regulatory Administration, the Ministry … Continue reading China advances financial services for manufacturing industry
BeiGene eyes imminent production in Guangzhou
BeiGene’s booth is seen during an expo in Beijing in September. [LI HE/FOR CHINA DAILY] BeiGene Ltd, a global oncology company, announced on Monday the completion of its antibody-drug conjugate production facility in Guangzhou, capital of Guangdong province, demonstrating its commitment to the industrialization of innovative medicines. The launch of the ADC facility marks a … Continue reading BeiGene eyes imminent production in Guangzhou
Carestream raising localization to gain larger market share
Visitors gather at the booth of Carestream Health Inc during a medical equipment exhibition in Shanghai in 2023. [PHOTO/CHINA DAILY] US-based medical equipment manufacturer Carestream Health Inc plans to localize the production of a variety of items in China this year to secure a larger market share, a senior executive said. The initiative aims to … Continue reading Carestream raising localization to gain larger market share
Industrial IoT key to digital transition
The booth of Sichuan Changhong Electronics Holding Group Co Ltd is seen during an expo in Shanghai in April. [Photo/China Daily] More policy support is expected to address weaknesses in the development of the industrial internet of things (IIoT), with an emphasis on market-driven forces, product maturity and ecosystem construction, to boost the digital transition … Continue reading Industrial IoT key to digital transition
Elevator manufacturers in Guizhou embrace high-quality development
Workers operate high-end equipment at China Aviation Guizhou Elevator Co Ltd’s smart manufacturing workshop in Zunyi, Guizhou province. [Photo/CHINA DAILY] The elevator manufacturing industry in Southwest China’s Guizhou province has gone all out to achieve high-quality development, by taking advantage of big data and smart manufacturing. Inside China Aviation Guizhou Elevator Co Ltd’s smart manufacturing … Continue reading Elevator manufacturers in Guizhou embrace high-quality development