On June 19, Chinese Premier Li Keqiang held talks with representatives from the German business community in Berlin. Klaus Rosenfeld, CEO of Schaeffler Group and one of the 12 participating enterprise representatives, was invited to attend the talks and delivered a speech.

Rosenfeld said: "China is one of the most important markets for Schaeffler Group and plays a crucial role in our global business. For Schaeffler, China is not only a business market, but also an innovation center. Our investment in China is not only based on the huge market potential, but also on China's emphasis on technology innovation and open attitude. In the future, we will continue to be committed to the Chinese market and customers, invest in China, and develop together with the Chinese economy."

Since entering China for investment and production in 1995, Schaeffler has continued to promote and deepen its localization development strategy and has become an important supplier and partner in the Chinese automotive and industrial fields. Currently, Schaeffler has 11 factories, two research and development centers, and 20 sales offices in China. In recent years, Schaeffler's business in the Greater China region has developed steadily and has become the group's second-largest business area.

To meet the needs of business development, Schaeffler continues to accelerate its investment in China. In the Automotive Innovation Park in Jiading, Shanghai, the expansion project of the Greater China regional headquarters and research and development center is about to be put into use. The large-scale new energy vehicle parts manufacturing base in Taicang will be put into operation this year, and a large logistics center is also under planning and construction. The Yinchuan factory is being developed into a high-end bearing manufacturing base for the automotive and industrial industries.

Rooted in China, serving the local market. Adhering to the development concept of "serving the local market with local resources", Schaeffler will continue to deepen its development in China and contribute to the high-quality development of the Chinese economy


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