German firms make beeline for China market
3 months, 2 weeks ago

German firms make beeline for China market

China Daily  

NANJING/BERLIN — Philipp Kortum, chief financial officer of TUV Rheinland, a renowned German testing and certification services provider, was astounded by the swift completion of its Phase II laboratory in Taicang, a county-level city in East China's Jiangsu province. Neighboring Shanghai, Taicang, spanning approximately 800 square kilometers, is known as the "hometown of German enterprises" in China, with over 530 German enterprises flocking here. "The planned investment not only reflects our confidence in China's long-term economic prospects, but also in the innovation capabilities of our Chinese partners," said Oliver Zipse, chairman of the board of management of BMW AG. "German companies approach investment decisions with a strong focus on market potential and profitability, carefully analyzing global markets to identify regions with the highest opportunities and growth potential," said Zheng Chunrong, director of the German Studies Center at Tongji University. "In our many years of working with German companies, we have found that they place great importance on the stability of China's business environment and prefer to formulate their own development plans based on the long-term planning of the Chinese government," said Wang Xiangyuan, Party chief of Taicang.

China Market Investment Germany Chinese Billion German Bmw Taicang  euros  chinese  china  investment  firms  billion  global  beeline  market  taicang  bmw  german

History of this topic

German firms eye increased investments in China
1 week, 4 days ago

German firms eye increased investments in China

China Daily  

A view of Volkswagen Anhui's office complex and plant in August 2023. GUO CHEN/XINHUA SHANGHAI — The vast majority of German companies plan to maintain their operations in China, with many intending to increase investment within the next two years, according to the results of a recent survey released by the German Chamber of Commerce in China. The Business Confidence …

German firms eye increased investments in China
1 week, 4 days ago

German firms eye increased investments in China

China Daily  

A view of Volkswagen Anhui's office complex and plant in August 2023. GUO CHEN/XINHUA SHANGHAI — The vast majority of German companies plan to maintain their operations in China, with many intending to increase investment within the next two years, according to the results of a recent survey released by the German Chamber of Commerce in China. The Business Confidence …

German firms eye localization strategy
2 weeks, 4 days ago

German firms eye localization strategy

China Daily  

German firms eye localization strategy By ZHONG NAN China Daily Updated: Dec 06, 2024 Employees check auto components bound for Germany at a German-funded enterprise in Taicang, Jiangsu province. When ranking business opportunities in China, the internationalization of Chinese companies stood out as the sole category experiencing growth compared to last year and the leading business opportunity, according to the …

German firms eye localization strategy
2 weeks, 5 days ago

German firms eye localization strategy

China Daily  

Employees check auto components bound for Germany at a German-funded enterprise in Taicang, Jiangsu province. JI HAIXIN/FOR CHINA DAILY Amid growing competition and price pressure, German companies are increasingly adopting a localized strategy in China, operating with greater autonomy and aligning their operations with the mindset and practices of local businesses, a survey published by the German Chamber of Commerce …

Door opened wider for foreign-invested businesses
3 weeks, 5 days ago

Door opened wider for foreign-invested businesses

China Daily  

By ZHONG NAN| China Daily| Updated :2024-11-28 When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

WANG YANGYANG/FOR CHINA DAILY When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

BMW looks to deepen cooperation, innovation
1 month, 2 weeks ago

BMW looks to deepen cooperation, innovation

China Daily  

chinadaily.com.cn | Updated: 2024-11-06 09:05 A BMW M5 is seen at the BMW booth at the 7th China International Import Expo. BMW said it is looking to strengthen cooperation and innovation with China's leading technology players to develop products tailored to meet the needs of Chinese consumers. Sean Green, president and CEO of BMW Group Region China, said: "Regardless of …

German Automakers Embolden Against Chinese Competition
2 months ago

German Automakers Embolden Against Chinese Competition

China Daily  

German carmakers are being encouraged by the German Chancellor to face competition from China in the electric vehicle market. German Chancellor Olaf Scholz called on German automakers not to be afraid of competition from Chinese rivals, and encouraged them to join hands with local Chinese technology companies to develop new models tailored for tech-savvy Chinese consumers.

China and Germany Rekindle Auto Cooperation, Shaping Future of Sustainable Mobility
2 months ago

China and Germany Rekindle Auto Cooperation, Shaping Future of Sustainable Mobility

China Daily  

Chinese and German automakers are exploring new ways to enhance their long-standing cooperation, focusing on digitalization and sustainable transformation. The conference brought together 400 representatives from the auto industries of both countries to discuss common ground and explore potential areas of collaboration. Both sides emphasized the importance of international cooperation in the automotive sector, acknowledging the significant contributions of German …

Bosch to Establish Strategic Commercial Vehicle Headquarters in Wuxi, China
2 months ago

Bosch to Establish Strategic Commercial Vehicle Headquarters in Wuxi, China

China Daily  

German multinational giant Bosch signs an agreement to establish its strategic commercial vehicle China headquarters in Wuxi, East China's Jiangsu province. The project aims to build an innovation industrial park for commercial vehicles, focusing on providing technological solutions in fields of vehicle electrification and assisted driving.

Bosch to Establish Strategic Commercial Vehicle Headquarters in Wuxi, China
2 months ago

Bosch to Establish Strategic Commercial Vehicle Headquarters in Wuxi, China

China Daily  

German multinational giant Bosch signs an agreement to establish its strategic commercial vehicle China headquarters in Wuxi, East China's Jiangsu province. The project aims to build an innovation industrial park for commercial vehicles, focusing on providing technological solutions in fields of vehicle electrification and assisted driving.

Germany's Bosch to launch strategic commercial vehicle project in China
2 months ago

Germany's Bosch to launch strategic commercial vehicle project in China

China Daily  

Germany's Bosch to launch strategic commercial vehicle project in China Xinhua Updated: Oct 18, 2024 German industrial giant Bosch displays its intelligent transportation facilities and smart vehicle products during Auto Shanghai 2019 on April 16. NANJING -- German multinational giant Bosch Group signed an agreement Wednesday evening to set up its strategic commercial vehicle China headquarters in the city of …

German Firms Embracing China's Market Potential: A Crucial Corner for Success
2 months, 3 weeks ago

German Firms Embracing China's Market Potential: A Crucial Corner for Success

China Daily  

German investments in China remain strong, with the country being a crucial market for the German economy. The economic and trade relations between the two countries have deepened significantly, and both sides have demonstrated substantial potential for mutual learning and win-win outcomes. Business ecosystems play a critical role in the development of hidden champions, enabling SMEs to achieve market leadership …

Lufthansa hoping to increase China capacity
3 months ago

Lufthansa hoping to increase China capacity

China Daily  

Lufthansa passenger jets at Frankfurt Airport, July 17, 2023. There's a strong connection between the fourth-biggest economy in the world Germany and the second-biggest economy China," Ritter said. China Daily "We are looking forward to further development and we are pretty sure that we will come back to pre-pandemic capacity here between Europe, Germany and China," said Ritter. "Germany has …

German companies bullish on Shenyang
3 months, 1 week ago

German companies bullish on Shenyang

China Daily  

Shenyang, Liaoning province, has provided a sound environment for foreign investment and foreign firms are confident about the city's prospects, said Jan Block, senior manager at aerospace and automotive firm Otto Fuchs Technology Co Ltd, during a recent cooperation event in Munich, Germany. This move in part reflects foreign companies' confidence in Shenyang's future development and underscores the city's unique …

German firms vow to invest more in China
4 months, 1 week ago

German firms vow to invest more in China

China Daily  

A view of the booth of Bosch during an expo in Shenzhen, Guangdong province. CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Xu Daquan, president of Bosch Investment Ltd, a country branch of German industrial conglomerate Bosch …

German firms vow to invest more in China
4 months, 1 week ago

German firms vow to invest more in China

China Daily  

A view of the booth of Bosch during an expo in Shenzhen, Guangdong province. CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Xu Daquan, president of Bosch Investment Ltd, a country branch of German industrial conglomerate Bosch …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, Xu Daquan, president of Bosch Investment Ltd, a country branch of …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

By ZHONG NAN | China Daily Global | Updated: 2024-08-16 09:58 Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, …

Foreign carmakers continue to expand production in China
6 months, 3 weeks ago

Foreign carmakers continue to expand production in China

China Daily  

The groundbreaking ceremony of Tesla's mega factory in Shanghai, May 23, 2024. Many foreign automotive manufacturers have doubled down on their investments in China: Volkswagen AG established its largest R&D center outside Germany in China, focusing on the research of intelligent connected vehicles. Tesla's Shanghai mega factory has become the company's major export hub in the world, accounting for more …

German carmakers upbeat on China market, green push
7 months, 1 week ago

German carmakers upbeat on China market, green push

China Daily  

The roll-off ceremony of the 6 millionth car produced by BMW Brilliance Automotive is held in Shenyang, Liaoning province, on May 8. In 2023, China's automobile production and sales had reached 30.2 million and 30.1 million vehicles, respectively, representing year-on-year increases of 11.6 percent and 12 percent. China's automobile market has ranked first globally in terms of both production and …

BMW set to invest more in Shenyang
7 months, 3 weeks ago

BMW set to invest more in Shenyang

China Daily  

By Wu Yong in Shenyang,Zhong Nan and Cheng Yu in Beijing | China Daily | Updated: 2024-04-29 10:07 BMW's M4 displays at the 2024 Beijing auto show, April 27. German automaker BMW Group's latest plan to invest an additional 20 billion yuan in its production base in Shenyang, the capital of Liaoning province, will boost its earnings potential and benefit …

German firms vow to scale up investment in China
8 months, 1 week ago

German firms vow to scale up investment in China

China Daily  

A BMW Vision Neue Klasse is displayed next to the company's logo during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, Sept 4, 2023. BMW is confident of China's economic prospects and will scale up its investment in the country, said Oliver Zipse, board chairman of the German …

China-German business relationship contributes to the world
8 months, 1 week ago

China-German business relationship contributes to the world

China Daily  

The China trip by German Chancellor Olaf Scholz, accompanied by a large group of CEOs of top German business giants, including Siemens, Volkswagen, BMW, Mercedez Benz, Bayer, Merck, etc. According to German official statistics, two-way trade between the two countries reached 253.1 billion euros in 2023, although 15.5 percent down over 2022, still beat the US by a narrow 800 …

China-German business relationship contributes to the world
8 months, 1 week ago

China-German business relationship contributes to the world

China Daily  

The China trip by German Chancellor Olaf Scholz, accompanied by a large group of CEOs of top German business giants, including Siemens, Volkswagen, BMW, Mercedez Benz, Bayer, Merck, etc. According to German official statistics, two-way trade between the two countries reached 253.1 billion euros in 2023, although 15.5 percent down over 2022, still beat the US by a narrow 800 …

German companies gear up for larger China market share
11 months, 1 week ago

German companies gear up for larger China market share

China Daily  

A Benteler pavilion at the China International Glass Industrial Technical Exhibition held in Shanghai on May 8, 2023. Klaus Hansmeier, the company's launch manager, who has been working in China for 11 years, said that the company had invested 260 million yuan in Tianjin to build new production lines as of March 2023, with an additional 100 million yuan of …

EVs fuel BMW's lead in China
11 months, 2 weeks ago

EVs fuel BMW's lead in China

China Daily  

The 5 millionth vehicle of BMW Brilliance Automotive Ltd is seen in Tiexi district of Shenyang, Northeast China's Liaoning province, in February 2023. The BMW Group sold 824,932 BMW and MINI vehicles in China last year, up 4.2 percent year-on-year, said the German premium carmaker on Tuesday. "New competitors, products and technologies created an intensely competitive Chinese automotive market in …

‘China has changed.’ Germany unveils strategy to cut reliance on world’s no. 2 economy
1 year, 5 months ago

‘China has changed.’ Germany unveils strategy to cut reliance on world’s no. 2 economy

CNN  

London/Berlin CNN — Germany announced Thursday that it would reduce its dependence on China in “critical sectors” including medicine, lithium batteries used in electric cars and elements essential to chipmaking. The government published its first ever “Strategy on China,” a 40-page document that highlights the tightrope Berlin must walk in managing its dependence on the world’s second-largest economy amid growing …

Report: German firms to strengthen investments
1 year, 6 months ago

Report: German firms to strengthen investments

China Daily  

China's market remains quite important to most German companies and many are willing to increase investment in the country to remain competitive and leverage their potential, said the German Chamber of Commerce in China. A new report surveying 288 German companies operating in China in May regarding their business sentiments in the post-COVID period found that 55 percent of German …

Report: German firms to strengthen investments
1 year, 6 months ago

Report: German firms to strengthen investments

China Daily  

Cars are seen in production at a BMW Brilliant factory in Shenyang, Liaoning province. YANG QING/XINHUA China's market remains quite important to most German companies and many are willing to increase investment in the country to remain competitive and leverage their potential, said the German Chamber of Commerce in China. A new report surveying 288 German companies operating in China …

CIIE viewed as must for German firms eyeing China market
2 years, 2 months ago

CIIE viewed as must for German firms eyeing China market

China Daily  

The electric iX is one of the highlights at BMW booth at the CIIE on Nov 5, 2021. For Michael Borchmann, a former senior official in the German state of Hessen, it's clear that any company wanting to sell its products to the vast Chinese market can't afford to ignore the China International Import Expo, or CIIE. "It has gained …

CIIE viewed as must for German firms eyeing China market
2 years, 2 months ago

CIIE viewed as must for German firms eyeing China market

China Daily  

The electric iX is one of the highlights at BMW booth at the CIIE on Nov 5, 2021. For Michael Borchmann, a former senior official in the German state of Hessen, it's clear that any company wanting to sell its products to the vast Chinese market can't afford to ignore the China International Import Expo, or CIIE. "It has gained …

Germany expresses concern after corporate dependency on China increases
4 years ago

Germany expresses concern after corporate dependency on China increases

Op India  

German car manufacturers have seen an increase in car sales in China in last quarter. He says that while the Chinese market may be temporarily helping companies stay afloat, in longer term, the industry’s dependence on Chinese market makes it prone to blackmail. In fact, even German Chancellor Angela Merkel urged German businesses to diversify into Asian markets beyond China. …

Foreign firms expand investment in China amid business recovery, further opening up
4 years, 3 months ago

Foreign firms expand investment in China amid business recovery, further opening up

China Daily  

Photo taken on Sept 14, 2020 shows the opening ceremony of the second phase of a high-voltage battery center invested by BMW Brilliance Automotive in Shenyang, Northeast China's Liaoning province. SHENYANG -- The opening of a new battery plant affiliated to BMW is the latest testament to the confidence of foreign firms in the Chinese market amid the country's steady …

Discover Related