STORY: Hitachi Energy confident in Chinese market
SHOOTING TIME: Recent footage
DATELINE: May 2, 2024
LENGTH: 0:01:27
LOCATION: XI'AN, China
CATEGORY: ECONOMY

SHOTLIST:
1. various of Hitachi Energy
2. SOUNDBITE (Chinese): HUANG ZHENG, General manager, Xi'an Hitachi Energy Power Capacitor Co., Ltd.

STORYLINE:

A manager with power equipment multinational Hitachi Energy has said that China's drive to realize "dual carbon goals" has resulted in the company's production plant in northwest China's Xi'an developing into its largest power capacitor manufacturing base across the world.

In April 2023, a new manufacturing base in Xi'an, made possible by investment from Hitachi Energy, was put into use to produce capacitors and power-quality products.

The products are now exported to Europe, the United States, Oceania and Africa, which further increases Hitachi Energy's confidence in the Chinese market.

SOUNDBITE (Chinese): HUANG ZHENG, General manager, Xi'an Hitachi Energy Power Capacitor Co., Ltd.
"Our company has gained a lot of support from the local government to settle down in the Fengdong New City of Xixian New Area of Xi'an. Xi'an has abundant human resources and supporting facilities, which are beneficial for us to expand investment to meet the growing market demand, including both domestic and global markets. China's goals of achieving carbon peak by 2030 and carbon neutrality by 2060 have led to a huge demand for clean energy, creating great opportunities for us."

Xinhua News Agency correspondents reporting from Xi'an, China.
(XHTV)