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Anhui aims to attract foreign investment for car industry

By ZHU WENQIAN | | Updated: 2023-09-04 13:41
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A Nio employee works on an electric vehicle assembly line in Hefei, capital of Anhui province. XIE CHEN/FOR CHINA DAILY

Anhui province in East China, where it has the country's largest industrial base for new energy vehicles, said it would like to attract more foreign investments and better promote high-level opening-up, says local government officials..

The local government of Anhui plans to hold a group of activities to encourage the better utilization of foreign investments, and it has held the first event named Haike Commerce Roundtable in Beijing on Friday.

"We will make every effort to build a new energy vehicle industry cluster with global influence in Anhui, and strive to achieve an output value of over 1 trillion yuan ($137.6 billion) of the automotive industry by 2025," Wang Qingxian, governor of Anhui, said during the roundtable.

In the first six months, the GDP growth rate of Anhui reached 6.1 percent year-on-year. Last year, the output of new energy vehicles in Anhui accounted for 7.5 percent of the total output nationwide, the local government reported.

By holding the roundtable event, the local government aims to build an efficient platform which connects with more international organizations, industry associations, capital institutions, and multinational corporations, and thus better form a network for utilizing foreign investments.

During the event, 17 business leaders from renowned financial institutions, funds, and corporations globally, including Goldman Sachs, HSBC, Eurazeo Investment Group, and Boyd Corp, spoke at the meeting.

They agreed that the growth momentum of Anhui is strong, providing various opportunities for foreign-funded enterprises, and they would like to visit the province and reach more potential cooperation.

Wang said Anhui would take the opening-up of industrial development as the core, continue to create a first-class business environment, and provide convenient services for foreign enterprises to develop in the province.

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