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
Tag: production
BMW further expands investment in Shenyang, China
A vehicle is assembled at a BMW smart production line in Shenyang, Liaoning province, in February. [Photo/chinadaily.com.cn] German automaker BMW Group announced its plans to invest an additional 20 billion yuan ($3.12 billion) into its production base in Shenyang, Northeast China’s Liaoning province on Friday. “The new investment underlines not only our confidence in China’s … Continue reading BMW further expands investment in Shenyang, China
China oil company sees strong production and profits this quarter
CNOOC booth at an expo held in Shanghai on June 9, 2021. [Photo/VCG] CNOOC Limited achieved strong growth in both net production and net profit during the first quarter of this year, the company said on Thursday. The company recorded a total net production of 180.1 million barrels of oil equivalent, representing an increase of … Continue reading China oil company sees strong production and profits this quarter
VW partners with Xpeng to develop EV architecture
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
HNBR plant starts construction in Changzhou
Photo taken on April 23, 2024, shows a ceremony being held for the start of the construction of a hydrogenated nitrile butadiene rubber (HNBR) plant in Changzhou of Jiangsu province. [Photo provided to chinadaily.com.cn] Construction of a hydrogenated nitrile butadiene rubber (HNBR) plant with an annual production capacity of 5,000 tons started on Tuesday in Changzhou of … Continue reading HNBR plant starts construction in Changzhou
Medtech company continues expansion in China
The skyline of Beijing. [Photo/VCG] NANCHANG — At a medical device manufacturing facility in Nanchang, capital of East China’s Jiangxi province, workers are fully immersed in production work, while automated equipment operates at peak efficiency to expedite the process. The production schedule at the plant, owned by Fresenius Kabi (Nanchang) Co Ltd, extends until 2030, … Continue reading Medtech company continues expansion in China
State Grid keen on cutting CO2 emissions
A State Grid employee addresses queries on low-carbon operation at a refractory material production company in Huzhou, Zhejiang province. TANG TIANCHENG/FOR CHINA DAILY State Grid Corp of China, the world’s largest utility which shoulders a dual task of safeguarding the country’s energy security as well as serving as an economic lifeline, has made innovations in helping … Continue reading State Grid keen on cutting CO2 emissions
Digital Silk Road contributes to sustainable, smart villages
As digital technology gradually integrates into various fields of economic and social development, the production and lifestyle as well as social governance methods of countries and regions involved in the Belt and Road Initiative are also constantly evolving. This is especially true for traditional rural areas, which are now encountering new development opportunities. Numerous countries … Continue reading Digital Silk Road contributes to sustainable, smart villages
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
China’s largest listed steelmaker breaks ground on zero-carbon factory
Construction on a zero-carbon steel plate factory began Thursday in the port city of Zhanjiang, a production base in Guangdong’s Leizhou Peninsula. [Photo provided to chinadaily.com.cn] Construction on a zero-carbon steel plate factory began Thursday in the port city of Zhanjiang, a production base in Guangdong’s Leizhou Peninsula. The project is the first of its … Continue reading China’s largest listed steelmaker breaks ground on zero-carbon factory