Sweden’s exports to China outweigh the imports for the first time in 13 years. The main reason is the record growth of car exports from Gothenburg. During the first half of the year, sales of Swedish cars to China increased by 1.4 billion Swedish krona, according to this year’s third Economic Outlook report from Business Region Göteborg.
News from Gothenburg Region
The Swedish government has promised to invest one billion Swedish krona in a new test environment for electric vehicles at Lindholmen in Gothenburg. The move further strengthens the Gothenburg region’s position as one of the world’s leading clusters in the shifting automotive industry.
The expertise found in western Sweden's automotive cluster weighed heavily in Chinese automotive group Geely's decision to build its European innovation centre at Lindholmen Science Park in Gothenburg. This investment will see the construction of a new building with some 70 to 80 thousand square metres of floor space for more than 3,500 people.
The City of Gothenburg values its relations with Chinese auto company Geely - and vice versa. This was highlighted during the visit with Geely’s management that Business Region Göteborg arranged in connection with the Shanghai visit.
Stockholm logistics company Your Special Delivery Service has opened its first office in the Gothenburg region.
Tata Technologies has announced the acquisition of Escenda Engineering AB, a Gothenburg based engineering services company. The Indian global giant sees strong growth opportunities in both the Swedish automotive and industrial machinery sectors.
On Wednesday, October 19 a new car brand, Lynk & Co, was officially inaugurated in Gothenburg and its first model 01 premiered. With design and development in Gothenburg, the city strengthens its position in vehicle development.
Gothenburg is the best location for a distribution centre in Scandinavia, particularly for import companies with large volumes passing through the Port of Gothenburg. This was revealed in a new study published by the consultancy company SWECO.