Shanghai is building a global leading new energy vehicle development center. Mayor Gong Zheng meets with the CEO of Continental AG
Shanghai Mayor Gong Zheng met with Continental AG CEO Stuart Schütz and his delegation today.
Gong Zheng said that since the beginning of this year, Shanghai's economic operation has been generally stable, continuing the trend of recovery and improvement. It is still one of the most favored investment destinations for foreign investors and one of the preferred destinations for multinational companies to deploy global industrial chains. Automobile is one of Shanghai's six key industries. Shanghai has become the center of the global automotive industry chain, supply chain, and innovation chain. It is focusing on improving the level of the entire industry chain, including R&D design, trial production, intelligent manufacturing, and travel services, and striving to build a global leading intelligent new energy vehicle development highland. It is hoped that Continental will play its strengths and actively participate in the continuous optimization of its functional layout in Shanghai, put more high-quality resources, major projects, business units and functional sectors in Shanghai, complement the advantages of enterprises, universities, and research institutes in Shanghai, and strive to achieve more innovative results in intelligent manufacturing and industrial incubation. There is no best business environment, only better. We welcome suggestions for optimizing the business environment in Shanghai. Shanghai will optimize various services to promote better development of various types of enterprises in Shanghai.
Situ Che said that Shanghai's development is impressive and he is glad that Continental is part of Shanghai's success story. Continental's decision to invest in Shanghai 30 years ago was a proud and correct decision. Continental focuses on technological innovation, strives to transform innovative products into actual productivity, and is also committed to building an innovative ecosystem. We will continue to increase investment to support the development of China's automotive industry and provide solutions for future travel.
Continental AG is a world-renowned automotive parts supplier, ranking 362nd among the world's top 500 companies. It has established its China headquarters and other entities in Shanghai.