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Why do multinational companies come to Nanjing in groups?

“Today, Nanjing has become

BMW Group in China and Asia

An innovation base for information technology and digital services.”

On the afternoon of December 11, at the “Multinational Corporations’ Nanjing Trip” exchange meeting at Nanjing Jinling Hotel, BMW Group Vice President Wu Yanyan introduced that Nanjing is an important layout for BMW.

Nanjing Investment Promotion Bureau, together with China Development Research Foundation, invited the heads of multinational enterprises in China and representatives of Chinese enterprises to Nanjing for exchanges and inspections. Nearly 50 heads of multinational enterprises in China and representatives of Chinese enterprises participated in this event. Through the “Multinational Enterprises Nanjing Tour”, they have a deeper understanding of the new development opportunities of the Yangtze River Economic Belt and Nanjing, and carry out pragmatic exchanges and cooperation

Two days ago, on December 9, the 2024 Amazon Global Selling Cross-Border Summit opened in Nanjing. Eric Broussard, Amazon’s global vice president and head of third-party international business, and Dai Xuefei, Amazon’s global vice president and executive president of Global Selling Asia Pacific, attended the summit. This is the tenth year that Amazon Global Selling has held a cross-border e-commerce industry conference in China. The summit is particularly grand, with a large number of cross-border e-commerce companies, service providers, experts, scholars and institutions participating.

Serving the construction of a two-way open hub with global cohesion is the country’s positioning for Nanjing, and Nanjing’s door to opening up is opening wider and wider. Nanjing will continue to optimize the market-oriented, legal and internationalized business environment to create good conditions for the development of multinational companies in Nanjing.Find opportunities in person

Since the beginning of this year , Nanjing has had frequent exchanges with multinational companies and international organizations.

On November 26, Nanjing welcomed guests of the “2024 Nanjing-France Economic and Trade Cooperation and Exchange Conference”, including Wang Du, Consul General of France in Shanghai, Alain Labate, Vice Chairman of the New Sino-French University of Lyon and the Lyon-China Relations Promotion Center.

Hervé Vericel, vice president of the French Saint-Jean Industrial Group, learned about Nanjing’s automobile industry base and a number of automobile companies such as Changan Mazda during his trip to Nanjing. He introduced that the Saint-Jean Industrial Group’s original aluminum alloy parts lightweight technology can reduce the weight of new energy vehicles by 15%-20%, and he believes that cooperation with Nanjing automobile companies is just around the corner.

A large number of well-known foreign companies from France, such as Valeo, Saint-Gobain, BNP Paribas, and Orpea, have already developed in Nanjing. So far, French companies have invested in more than 100 projects in Nanjing, with a contract value of more than US$1.4 billion.

On November 20, the European Automotive Innovation Enterprise Investment Nanjing Matchmaking and Exchange Conference attracted more than 20 entrepreneurs from the United Kingdom, Germany, Italy and other countries to come and explore new opportunities for investment in Nanjing.

Michel Poser, head of the international department of the Berlin Brandenburg automotive industry cluster in Germany, lamented that he always felt “vigorous” when visiting German companies in Ningxia. He said, “Everything we see gives us confidence in the future.”

Less than 20 kilometers away from the venue of the exchange meeting, on Futian Road in Lishui Development Zone, three small buildings have been successfully capped and are currently undergoing exterior wall painting and interior decoration. The Phoenix Contact China Third Base (Phase I) New Energy Vehicle Supporting Equipment Intelligent Manufacturing Project, which was laid in June this year, has once again refreshed the construction “progress bar”. The first phase of the project will invest 160 million yuan, and it is expected to have an annual production capacity of 1 million AC and DC charging guns and 1 million sets of body charging sockets after it is completed and put into production next year. This is another major project for the German century-old company Phoenix Contact Group to expand its investment in Nanjing, following projects such as the Phoenix Contact China Headquarters Base and the Phoenix Contact China Full Value Chain Super Factory.

Gu Jiandang, President of Phoenix Contact China, believes that the future electric vehicle industry will change the entire automotive industry, and China is leading the entire value chain of this industry. We must resonate with the most enterprising Chinese companies. Only by jointly transforming and upgrading with Chinese industries can we reshape new competitiveness.

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