STORY: GLOBALink | German auto company sees rapid growth in China's business-friendly environment
SHOOTING TIME: Nov. 29, 2023
DATELINE: Dec. 10, 2023
LENGTH: 0:02:18
LOCATION: SHANGHAI, China
CATEGORY: ECONOMY

SHOTLIST:
1. various of Lenze factory in Shanghai
2. STANDUP (English): ZHANG MENGJIE, Xinhua Correspondent
3. SOUNDBITE 1(English): SEAN XIE, President of Lenze East Asia & General manager of Lenze China
4. various of Lenze factory in Shanghai
5. SOUNDBITE 2 (English): SEAN XIE, President of Lenze East Asia & General manager of Lenze China

STORYLINE:

STANDUP (English): ZHANG MENGJIE, Xinhua Correspondent
"Lenze is a German enterprise that focuses on intelligent manufacturing. It has a complete set of solutions at all levels, from controllers to drives to motor reducers. A lot of components are produced in these automatic production lines, and then transported to many globally recognized names in robot and new energy battery industry. Today, Lenze Shanghai has grown from a big production base to its second global headquarters."

SOUNDBITE 1 (English): SEAN XIE, President of Lenze East Asia & General manager of Lenze China
"In 2006, we set up this factory in Lingang. And in 2012 we have faced two projects in Lingang based on the development of the business in China, especially in 2019, we moved our R&D center to Lingang as well. So from 2019, Lenze China is the real headquarters of the East Asia. Everybody knows in the last few years in China, the new energy car developed very fast. Li-battery solution is one of the key important technology."

Benefiting from a favorable business environment and policy support, 
Lenze China has achieved rapid development over the past five years

SOUNDBITE 2 (English): SEAN XIE, President of Lenze East Asia & General manager of Lenze China
"In the last five years, we developed very fast. Year over year, we achieved more than 25 percent growth and that means China is a potential market. It's the biggest automation market in the world. The environment of policy and commercial environment is also very good, especially in Lingang. The local government really supports our business. I can use one word 'fast,' doing fast, responding fast and serving fast, so we did not spend any time in non-busniess area. So focusing on business, focusing on development and focusing on R&D is the only thing we do. I can see Lingang is a good area for the company, for the business. We want to be the Chinese German company. Local for local, in China for China is our strategy."

Xinhua News Agency correspondents reporting from Shanghai, China.
(XHTV)