Sensata Technologies, a global leader in designing, customizing and manufacturing mission-critical sensors and controls, has decided to invest an additional $90 million in its company in Changzhou to build a manufacturing and R&D center. The investment was announced during an online agreement signing ceremony of Jiangsu Province.
Changzhou has long been known for its strong industrial foundation and well-developed supply chain. After establishing a subsidiary in the Changzhou National High-Tech District (CND) in 2004, Sensata increased investment of $30 million and $10 million in 2010 and 2012 respectively.
The Changzhou company now has 3,700 employees with an annual output value of 6 billion yuan. It’s one of the ten largest taxpayers in the CND.
Ni Guangshan, vice president and general manager-Automotive China at Sensata Technologies, said Changzhou boasts a full-fledged supply chain, such as dozens of auto parts suppliers around the city. The city’s efforts to coordinate COVID-19 response and economic development have also strengthened the company’s confidence in making more investments.
From January to April this year, the CND introduced 10 foreign investment projects amid efforts to promote the upgrade of foreign-funded enterprises and pursue high-quality growth.
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