Freudenberg Group Expands Presence in China with Focus on New Energy Vehicles
Key Ideas
- Freudenberg Group, in partnership with NOK, invests 200 million yuan in Wuxi to establish a new factory and technology center focusing on sectors like new energy vehicles, hydrogen, and fuel cells.
- The project showcases Freudenberg's commitment to the Chinese market, with China being its third-largest market and recording significant sales growth, outperforming global trends.
- The company's emphasis on tailoring cutting-edge solutions and services to Chinese clients highlights its dedication to meeting evolving market demands and contributing to industrial advancement.
- Freudenberg subsidiary Vibracoustic also reinforces its confidence in the local market with the expansion of air spring production, positioning itself as a key player in automotive NVH solutions.
The Freudenberg Group, a German multinational, is strengthening its presence in China by investing in local research, development, and manufacturing capabilities. Through a joint venture with NOK, Freudenberg established NOK-Freudenberg in Wuxi, Jiangsu province, with a total investment of 200 million yuan. The new facility, including smart manufacturing workshops and advanced R&D laboratories, will focus on sectors like new energy vehicles, hydrogen, and fuel cells.
Freudenberg views China as its third-largest market, with over 80 locations and 27 manufacturing sites across the country, generating total sales of 10.73 billion yuan in 2024. Wang Jiayu, Freudenberg's representative, expressed confidence in the Chinese market, emphasizing the importance of investing to meet the diverse needs of Chinese customers.
In a move demonstrating further commitment to China, Freudenberg subsidiary Vibracoustic launched its first air spring production line in Wuxi. This expansion underscores the group's strong belief in the local market and its automotive industry presence. The investments and expansions by Freudenberg highlight its dedication to innovation, market adaptation, and industrial growth in China.
Topics
Fuel Cells
Innovation
Automotive Industry
Manufacturing
Research And Development
Industry Growth
Market Expansion
Investments
Smart Manufacturing
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