Continuing its efforts to attract overseas investment, Shanghai's Jiading district has extended its reach to forge partnerships with German industrial powerhouses.
Following a successful visit to France, a high-level delegation from Jiading recently embarked on a fruitful trip to the German cities of Wolfsburg, Ludwigshafen, and Hannover, uncovering promising investment opportunities.
From July 19 to 21, the delegation engaged in productive meetings with prominent companies, including Brose Sitech, Volkswagen Group headquarters, Kostal, and Continental Group, promoting new collaborations and advancing existing projects.
The visit aimed to enhance the confidence of German investors in Jiading and explore new opportunities for cooperation with German giants in the automotive industry.
The delegation visits Brose Sitech. [Photo/jiading.gov.cn]
During the visit, the delegation met with Thomas Spangler, CEO of Brose Sitech, who said they would visit Shanghai in August to discuss investment. Jiading officials praised the development of Brose in Shanghai and expressed welcome to deepen their presence in Jiading.
During the visit, the delegation had a meeting at Volkswagen Group headquarters to discuss potential collaboration opportunities, including improving vehicle models specifically for the Chinese market.
The delegation visits Kostal's global headquarters. [Photo/jiading.gov.cn]
They also visited Kostal's global headquarters, where they were introduced to the company's development goals in Asia for the next five years.
The delegation also held discussions with Continental Group, focusing on the progress of their intelligent factory construction project in Jiading.