La Extremadura joint has signed confidentiality agreements with Chinese companies Shanghai HIUV New Material and Shanghai LUM Brand Management, within the framework of a "historic mission to open up to the booming Chinese market," as highlighted Guillermo Santamaría, Minister of Economy, Employment and Digital Transformation. These agreements represent a significant advance for the attraction of investments in the region, consolidating the strategy of Estremadura to go abroad to attract high-impact projects.
During the trade mission in China, the Extremadura delegation traveled 6.000 kilometers and met with companies with a turnover of 26.500 billion euros. Santamaría emphasized that the agreement with Shanghai HIUV New Material will allow the development of a plant in the Southwest Logistics Platform, Badajoz"To reuse materials from solar panels, an activity with 'a very good business opportunity in the region,'" the councilor explained.
On the other hand, Shanghai LUM Brand ManagementThe company, specializing in electric bicycles and charging stations, also signed a confidentiality agreement and will visit Extremadura in November to select land. "We are competing with Germany, "They have found many more advantages in Extremadura," Santamaría pointed out.
The mission also consolidated the relationship with Hunan Yuneng Technology, which has confirmed its commitment to Mérida and plans to begin construction of its facilities in 2025. “The company's decision is due to the direct support of President María Guardiola, which tipped the balance in favour of Extremadura,” explained Santamaría.
Likewise, the Extremadura delegation presented to another fifteen Chinese companies the advantages of the region in strategic sectors such as hydrogen, highlighting the availability of hours of sun and soil, and the connection of the hydroduct, positioning Extremadura as a strong candidate in the field of renewable energy.
On the institutional side, the Board also took advantage of the opportunity to strengthen relations through the new Permanent Antenna in Beijing, Operational since October 1st, this service streamlines procedures for prospective investors and provides "direct contact with the headquarters of Chinese investors," Santamaría added.
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