Core Insights - Baker Hughes emphasizes the importance of localizing operations in China to enhance supply chain resilience and plans to increase investments in key sectors such as aerospace, electric vehicles, semiconductors, and low-carbon technologies to align with China's high-quality development goals [1][5][6] Localization Strategy - The company has significantly increased its production capacity in China, with the Suzhou valve factory doubling its output over the past four years and one-third of the X-ray detection systems produced in Changzhou being exported globally [3][4] - Baker Hughes is actively collaborating with partners to establish manufacturing facilities in China, particularly in the aerospace sector, to support the development of local infrastructure [3][6] Market Confidence - Despite global uncertainties, Baker Hughes maintains strong confidence in the Chinese market, supported by a workforce of 2,000 employees in China who cater to both local and global clients [5][6] - The company views China as a critical source for products, components, and raw materials, and recognizes its potential as one of the largest economies with a growing middle class and investment opportunities [4][5] Future Investment Plans - Baker Hughes plans to continue investing in China, particularly in the aerospace, electric vehicle, and semiconductor sectors, which are expected to expand significantly in the coming years [6][7] - The company's localization strategy has already introduced various technological capabilities, including ultrasonic detection equipment for the aerospace and steel industries, which are produced in China and exported worldwide [6][7] Opportunities from Policy Directions - China's initiatives to promote low-carbon technologies, expand renewable energy applications, and enhance digital manufacturing are seen as attractive opportunities for Baker Hughes, driving strong demand for their solutions [7][8] - The company's commitment to investing in these areas aligns with China's goals for high-quality development and the transition to a low-carbon economy [7][8]
专访贝克休斯工业产品副总裁:我们持续推进在中国的本地化进程