The acting Minister of Industry, Commerce and Tourism, Reyes Maroto, finalized her institutional trip to the People's Republic of China by visiting two battery factories in the city of Shenzhen, the main center of innovation and entrepreneurship in the country.

At the headquarters of BYD Company Limited – one of the leading manufacturers of automobiles, electric bicycles, buses, trucks and forklift trucks – Maroto met his development projects in the field of batteries, as well as new prototypes of electric vehicle and train in height. Those responsible for the company expressed their interest in expanding their presence in Europe through Spain, identifying investment opportunities, marketing their products or participating in the medium and long term in sustainable mobility projects that complement those currently developed in our country .

The minister also visited the headquarters of Shenzhen Bak Batteries, a leading company in the development of batteries and electricity storage technologies, in sectors such as automotive, computer or telephony. Its leaders expressed their interest in exploring renewable energy sectors in Spain, leader in solar thermal energy with parabolic troughs and second European wind energy producer and fourth largest producer in the world. Maroto transferred the suitability of Spain to guide their investments.

The minister highlighted the celebration in Shanghai of the first Sino-Spanish Forum on Electric Vehicles, and invited the heads of both companies to participate in the second edition, which will take place soon in Spain.

Balance of the trip to China

Reyes Maroto has developed five intense working days in the cities of Shanghai, Hefei and Shenzhen, whose objectives have been to open opportunities for the development of Spanish projects in the Chinese market and attract Chinese investments to Spain.

In the first part of the trip, Maroto showed the Government's support to the Spanish companies that operate in the Asian giant, and transferred to Chinese companies and investors the competitive advantages of Spain in the fields of industry, commerce and tourism. In the second part, focused on the automotive sector, visited leading companies in the sectors of battery manufacturing and electric vehicles, and transferred to their management teams the opportunities to bet on our country in their future business plans.

For the minister, "the trip has been very positive, I believe that we have consolidated the bases of the interesting relationship of cooperation that Spain currently has with China, a country that for the Government has a priority character from the economic and commercial point of view. I worked hard to open up the Chinese market and identify new business opportunities for Spanish companies, as well as to present Spain as a suitable country to invest in. I also had the opportunity to verify the excellence and high competitiveness of the Spanish companies implanted on site. in China".



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