In early November, the China National Bureau of Statistics announced that the manufacturing Purchasing Managers' Index (PMI) was 50.1% in October, an increase of 0.3% from the previous month. This marks the first time in five months that the PMI has risen above 50, indicating a slight rebound in the manufacturing industry.
This is the first increase in factory activity since April. Output has risen for the second consecutive month, reaching its highest level in six months, thanks to various stimulus measures. Business sentiment has improved, reaching a four-month high. Additionally, delivery times have lengthened but at a slower pace.
A few recently announced projects and investment news items are listed below.
Jiangsu Haili Wind Power Equipment will invest $70.5 million to purchase laser-cutting, plasma-cutting, roll-forming, automatic welding, and laser inspection machinery to produce wind power equipment.
Anhui Jia He Shuo Precision Tech will invest $140.8 million to build a facility to produce lightweight components and gigacasting components for EVs, with an annual capacity of 2.6 million units.
Jiangsu Guangda Xinsheng Precision Manufacturing will invest $166 million for the research and development of core components for the gearbox and rotor shaft of wind power equipment.
Shenzhen New Energy Tech will invest $281.7 million to build automatic production lines of sodium-ion battery cells in two phases. The first phase will have a capacity of 0.5 GWh, and the second phase will have a capacity of 3 GWh.
Wuhan Jielong Automobile Electric-Steering System will invest $15.5 million to produce electric power steering columns in Jingzhou, Hubei.
China Brilliance BMW will invest $862 million in Shenyang, Liaoning, to build two production lines and ancillaries of their sixth-generation power battery.
Xi’an Shanhang Power Tech will invest $190 million to build two production lines and ancillaries for blisk aircraft engines.
Jiangsu Chengmu New Energy Tech will invest $145 million to build a facility to produce body-in-white EVs with an annual output of 500,000 kits.
Hebei Bangcang Tech will invest $64.8 million to build a facility to produce precision stamping parts for differential, transmission, and EV parts.
Jiangxi Kangrui Automotive Accessories will invest $51.4 million to purchase machinery and equipment for its production facility that annually produces around 300,000 water pump assembly kits and 100,000 motor pump kits.
Keli Machinery will invest $28.2 million for a carbon fiber part production project in Wuhu, Anhui.
Fuyang Haina Sci & Tech will invest $35.9 million for a sodium-ion battery production line in Anhui that will have an annual capacity of 2 GWh.
Volkswagen Transmission (Tianjin) will invest $85.3 million to build production lines for assemblies for front and rear motors for EVs.
Jin Rui Hong Micro-Electronics (Quzhou) will invest $106.7 million in a wafer manufacturing project and purchase processing equipment, including a surface grinding machine, a lapping machine, and a polishing machine.
Zhejiang Shuanghuan Driveline, a major automotive supplier, will invest $49.3 million to purchase gear-hobbing machines and gear-shaping machines to manufacture key components for EV transmission systems.
EFORT Intelligent Equipment, an industrial robot manufacturer in Wuhu, Anhui, will invest $266.6 million for a new project in two phases: The first phase will produce 50,000 units annually, and the total annual output will be 100,000 units once the project is completed.
Dongguan Chuangming Battery Technology in the Greater Bay Area of Guangdong will invest $84.5 million to build a production line of semi-solid state lithium-ion batteries.
For more information, please contact Fred Qian at fredqian@AMTchina.org
