Finnish tech companies have found a new market and test arena for their innovations: the Gothenburg automotive cluster. A number of diverse collaborations are currently underway with vehicles of the future being the common denominator – all thanks to the collaboration between Business Region Göteborg and its Finnish counterparts.
Outlook: How Development of Electric Vehicles and 5G in China Affects the European Automotive Industry
Companies operating in the European automotive industry need to keep a close eye on what is happening in China – particularly with regard to electromobility and 5G development. This was opined by two leading experts who took part in a panel discussion at Business Region Göteborg’s Automotive Gothenburg Networking Event.
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.
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.
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.
AB Volvo’s decision to move its global headquarters for Volvo Construction Equipment (CE) from Brussels to Gothenburg can have major effects for the region. This is the analysis of Business Region Göteborg’s experts for establishments and the region’s automotive industry.
The tempo is rising in the automotive industry's adoption of electrical power. At the same time, outside interest in Sweden and Gothenburg is rising – as is the region’s capacity to quickly turn concepts into finished products. We put five questions to Business Region Göteborg's experts, Per Österström and Bernt Svensén.
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.