Core Insights - Garrett has deepened its investment in Wuhan, establishing an innovation center that integrates into the local automotive industry ecosystem, which includes vehicle manufacturing, core components, and key technologies [1] - Wuhan has attracted over 9,000 foreign-invested enterprises, with 311 of the world's top 500 companies investing in the city, indicating a strong foreign investment environment [1] - The local government has implemented supportive policies to facilitate foreign investment, enhancing services for foreign enterprises and creating a favorable business climate [4][5] Investment Environment - Wuhan's East Lake New Technology Development Zone has become a hub for foreign investment, with a 5.2% year-on-year increase in newly established foreign enterprises projected for 2025 [1] - The high-tech industry accounts for 55.4% of foreign capital utilization in Wuhan, showcasing the city's focus on advanced technology sectors [1] - The "Ten Policies for Foreign Investment" introduced in 2017 has been continuously upgraded to support foreign enterprises in various aspects, including entry, establishment, and research and development [6] Company Development - Valeo has significantly upgraded its production capabilities in Wuhan, transitioning from manual operations to an automated production line that can produce a car headlight in just 36 seconds [7] - The company has established a global software technology center and the largest global R&D center in Wuhan, contributing to substantial growth in production output [8] - Garrett has seen a compound annual growth rate of over 30% in production capacity since its establishment in Wuhan, supported by local government services and policies [10][11] Innovation and Technology - Wuhan is emerging as a source of global automotive technology innovation, with numerous international automotive parts companies establishing R&D centers in the region, focusing on cutting-edge fields such as autonomous driving and automotive chips [9] - Garrett's innovation center aims to enhance the company's global technology layout and strengthen its differentiated technology advantages in the automotive sector [10] Government Support - The local government has established a "one-on-one" technology specialist system to provide tailored support to foreign enterprises, ensuring their needs in facilities, technology, and talent acquisition are met [11] - The city has implemented streamlined processes for foreign enterprise registration, allowing for online handling of business establishment and changes, significantly reducing the time and cost involved [11]
人民日报:武汉为何赢得外资青睐
Ren Min Ri Bao·2026-01-20 01:35