Global EditionASIA 中文双语Français
Home / Business / Motoring

China welcomes foreign investment in auto industry: spokesperson

Xinhua | Updated: 2019-01-11 14:39
Employees assemble a new energy vehicle at an auto plant in Jiangxi province. [Photo by Duan Changzheng / for China Daily]

BEIJING - China welcomes foreign companies to make investment and tap into the opportunities in its automobile market, a trade official said Thursday.

The demand is huge for new energy vehicles (NEVs) and other automobile products in China as the market is entering a new phase that features diversified demand and quality-oriented purchases, Gao Feng, the spokesperson of the Ministry of Commerce, said at a press conference.

Gao's remarks came after the US electric carmaker Tesla Inc broke ground on its first overseas factory in Shanghai on Monday.

Tesla's new factory will be a boon to the development of China's NEV sector, pushing forward industrial upgrades and bringing domestic buyers more choices, Gao said.

As the first carmaker to set up a wholly-owned company in China, Tesla has witnessed and benefited from the new round of China's opening up to the outside world, Gao said.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349