Foreign firms boost investment in NEV-related industries in China's Changchun

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Foreign firms boost investment in NEV-related industries in China's Changchun

STORY: Foreign firms boost investment in NEV-related industries in China's Changchun DATELINE: Sept. 29, 2023 LENGTH: 00:02:26 LOCATION: CHANGCHUN, China CATEGORY: ECONOMY SHOTLIST: 1. various of manufacture of vehicles 2. SOUNDBITE 1 (Chinese): JIANG HUAISHENG, General manager of Vitesco Automotive Changchun Co., Ltd. 3. SOUNDBITE 2 (Chinese): YANG CHANGMING, General Manager of Kumho Tire (Changchun) Co., Ltd. STORYLINE: The rise of new energy vehicles (NEV) is transforming China's automotive industry landscape. In Changchun, a city regarded as the cradle of China's auto industry, some foreign-invested companies are expanding their presence in the Chinese market, especially for NEV-related production. Vitesco Automotive Changchun is a significant production hub for Germany's Vitesco Technologies in China. In August this year, its brand-new R&D center in Changchun was officially launched, driving the company's transition towards electrification. SOUNDBITE 1 (Chinese): JIANG HUAISHENG, General manager o

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