Hong Kong is poised to act as a super-connector for Chinese electric vehicle (EV) makers looking to expand their global presence, as per a government official and industry experts. The city aims to utilize its proximity to mainland China to assist companies in the intelligent-vehicle supply chain in accessing export markets, stated Lillian Cheong Man-lei, Under Secretary for Innovation, Technology, and Industry.
HKSTP has recently partnered with 11 advanced manufacturing enterprises, reinforcing Hong Kong’s position as an innovation hub. Fang Yunzhou, founder and chairman of Hozon, emphasized Hong Kong’s potential as a strategic international innovation platform.
Chinese EV brands have seen significant growth in the Hong Kong market, capturing a 30% market share in the first half of this year. The city’s unique advantages in financing, logistics, and commerce can help these brands reach a global audience, noted Fang Fang, a founding partner at Waterwood Investment Group.
Furthermore, fostering the automobile supply chain in Hong Kong can attract infrastructure companies, contributing to economic growth and attracting talent and investment opportunities, added Fang.
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