"Guangdong government has continuously introduced many favorable policies for foreign investment, providing unique advantages for foreign-funded enterprises to develop in China," said Kim Ihn Kee, Vice president of HTWO Guangzhou, in an interview with GDToday during his attendance at the 2023 Global Investment Conference for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
Kim believes the continuously improved investment system and supporting environmental construction will attract more foreign investment and further enhance Guangdong's core competitiveness.
Hyundai Motor Group held a completion ceremony for HTWO Guangzhou on June 1 this year. It is its first overseas hydrogen fuel cell system production base and China's first large-scale hydrogen fuel cell system production factory.
In addition, HTWO Guangzhou established a joint venture with two local companies in May of this year for cooperation in China's hydrogen energy industry. This June, it collaborated with four famous local companies in the transportation industry to jointly promote hydrogen-powered buses, passenger cars, logistics vehicles, refrigerated vehicles, and autonomous hydrogen-powered cleaning vehicles.
According to the authorities, Guangdong attracted 19.25 billion US Dollars in foreign investment in the first three quarters of this year, with foreign investment from developed countries increasing by 84.4%. Among them, European countries increased by 1.5 times, the US increased by 15.7%, and Singapore increased by 38.9%.
Since the beginning of this year, Guangdong has comprehensively implemented policies to enhance the core competitiveness of the manufacturing industry. Kim is full of confidence in this aspect: "We are seeking all cooperation opportunities with outstanding enterprises in the hydrogen energy industry chain and jointly promote innovation and development of new energy vehicles and new energy industries in the GBA."
Reporters: Nan, Fanny
Editors: Olivia, James