Visitors check out products at SW Group’s booth during an expo in Shanghai. [Photo/China Daily] German machine tool maker SW Group has unveiled plans to expand its facilities in Hungary and Mexico, following its Chinese clients which are setting up production bases in the two regions. Stefan Weber, managing director of SW Group, said China … Continue reading SW Group to boost machine tool biz in Hungary, Mexico
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Rise of local NEVs helps global tool makers
Employees work at an auto production facility in Jinhua, Zhejiang province, in April. [HU XIAOFEI/FOR CHINA DAILY] The growing overseas footprint of Chinese companies that make new energy vehicles and auto parts is offering substantial opportunities for global machine tool makers, said a corporate executive. Chinese NEV makers’ rise mirrors the growth patterns in other … Continue reading Rise of local NEVs helps global tool makers