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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 11th, at the Nanjing Jinling Hotel, at the "Multinational Enterprises Nanjing Tour" exchange meeting, BMW Group Vice President Wu Yanyan introduced Nanjing as an important layout for BMW.

Nanjing Bureau of Investment Promotion (NBIP), together with China Development Research Foundation (CDRF), invited the heads of multinational enterprises in China and representatives of Chinese enterprises to come to Nanjing for exchanges and investigations, and nearly 50 heads of multinational enterprises in China and representatives of Chinese enterprises took part in this activity. Through the "Multinational Enterprises Nanjing Tour", they gained an in-depth understanding of the Yangtze River Economic Belt and the new opportunities for Nanjing's development, and carried out pragmatic exchanges and cooperation.

Two days before that, on December 9, the 2024 Amazon Global Open Store Cross-border Summit opened in Nanjing.Eric Broussard, Amazon's global vice president and head of third-party international business, and Dai Juanfei, Amazon's global vice president and executive president of Global Open Store Asia-Pacific, and their entourage attended. This is the 10th year that Amazon Global Open Store has organized the cross-border e-commerce industry conference in China, and the summit was exceptionally grand, with a large number of cross-border e-commerce enterprises, service providers, experts, scholars and organizations attending.

Services to build a two-way open hub with world convergence, this is the national positioning of Nanjing, Nanjing open door is opening wider and wider. Nanjing will continue to optimize the market-oriented, rule-of-law and international business environment, and create good conditions for multinational enterprises to develop in Nanjing.Seek opportunities in person

This year, Nanjing has had frequent exchanges with multinational enterprises and international organizations.

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

Hervé Vericel, Vice President of French St. Jean Industrial Group, learned about Nanjing's automobile industry foundation and a group of automobile enterprises such as Changan Mazda through his trip to Nanjing. He introduced that St. Jean Group's original lightweight technology of aluminum alloy parts can reduce the weight of new energy vehicles by 15%-20%, and he believed that cooperation with Nanjing's automobile enterprises is just around the corner.

A large number of well-known foreign enterprises from France, such as Valeo, Saint-Gobain, BNP Paribas, and Europlatin, have already developed in Nanjing.Up to now, French-funded enterprises have invested in more than 100 projects in Ningxia, with a contract value of more than 1.4 billion US dollars.

On November 20, the Matchmaking and Exchange Meeting for European Automotive Innovative Enterprises Investing in Nanjing attracted more than 20 entrepreneurs from many countries, including the UK, Germany and Italy, to come and look for new opportunities to invest in Nanjing in depth.

Michel Boser, head of the international department of the Brandenburg Automotive Cluster in Berlin, Germany, exclaimed that visiting German enterprises in Ningbo is always a good way to feel "vitality".He said, "What's in front of us gives us confidence in the future."

Less than 20 kilometers from the exchange meeting location of Lishui Development Zone Futian Road, three small buildings have been successfully topped out, and are currently undergoing external wall painting and internal decoration - Phoenix Contact China's third base (Phase I) of the new energy automobile supporting equipment intelligent manufacturing project, laid in June this year, once again refreshing construction "Progress bar". A project investment of 160 million yuan, is expected to be completed and put into operation next year will have an annual output of AC and DC charging gun 1 million and 1 million sets of body charging socket supporting capacity.This is another big project for Phoenix Contact Group to expand its investment in Nanjing following the projects of Phoenix Contact China's headquarter base and Phoenix Contact China's full-value-chain super factory, a century-old German company.

Gu Jiandong, President of Phoenix Contact China, believes that the future of the electric vehicle industry will change the shape of the entire automotive industry, and the entire value chain of this industry is led by China. It must resonate with the most enterprising Chinese enterprises, and only by transforming and upgrading together with the Chinese industry can we reshape our new competitiveness.Fall's harvest attracts spring's seeding

"Nanjing is becoming the cornerstone of Amberto's global business."

On December 5, Helene Hedblom, President and CEO of Amberto Group, said in Ningbo that Amberto has continued to increase its investment in Nanjing, expressing its trust in the Chinese market with practical actions.

Amberto is a leading global supplier of equipment for mining, infrastructure, etc. In 1993, Amberto set up its first factory in China in Nanjing, moved its China headquarters to Nanjing Jingkai District in 2014, and transferred its production capacity and R&D from Yokohama, Japan to Nanjing in 2022.

June 21 this year, in Nanjing 2024 global industry, science and technology innovation and investment promotion conference, Ambiente sales company signed a contract to settle in Nanjing, the afternoon of the open area and Ambiente that is to promote the registration of the new company to obtain a business license, 24th, the foreign capital account opening success, 25th account activation, 26th 7 million U.S. dollars of capital to the account on time ... ... ...The senior management of the Swedish headquarter of Ambiente marveled at the speed of "4 days to complete the registration".

Helene Hedblom revealed in the interview that concentrating her business to Nanjing is an affirmation of Nanjing's efforts to benchmark its investment environment to the international level, and a vote for China with practical actions.

On November 26th, the world-renowned manufacturer of home appliances, Borsey, held the "Borsey China Innovation and Development Summit and 30th Anniversary of Borsey China" in Nanjing. The multinational company has made Nanjing an important position in its global layout.

Ltd. was established in Nanjing in 1997, and three years later it set up Boxi Home Appliances Investment (China) Co., Ltd. in Nanjing, which became the first regional headquarters of a multinational company in Nanjing. Since then, Boxi Home Appliances has built a new China R&D center in Ningbo, which is the largest comprehensive R&D center of Boxi Home Appliances in the world. In June this year, Boxi Home Appliances upgraded its China R&D Center to a global R&D Center and established Boxi Home Appliances China Talent Center in Ningbo.

A group of foreign enterprises regard Nanjing as a stronghold for future layout.On October 22, the third Honeywell Green Development Summit was held in Nanjing. This global top 500 high-tech enterprises is the first batch of multinational enterprises to invest in China after the reform and opening up. This year, in less than six months, Honeywell executives have come to Nanjing three times, from which can also be seen for actively seeking further cooperation.

As the world's leading company in the pharmaceutical tablet industry, FITT Group established FITT (China) Pharmaceutical Technology Co.This fall, the representatives of shareholders and global CEO of Fittings Group came to Nanjing, and they expressed their optimism about the future of Nanjing, and will further increase their investment and deepen their cultivation in Nanjing.

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