“As a Japanese-based auto parts supplier, we will strengthen cooperation with Guangdong province in terms of new energy vehicles so as to achieve a win-win outcome,” said Murata Hideaki, President of Yazaki (China) Investment Corporation, when sharing with GDToday at the 2022 Global Investment Promotion Conference for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) on December 21. 

Adjacent to Hong Kong and Macao, Guangdong has a unique geographical advantage. In recent years, the development of new energy vehicles in China, especially in Guangdong, has been rapid. 

Foreign auto companies like Yazaki have seen a promising future in the province. “Guangdong has a very favorable investment environment and a very large development space for foreign businesses, so we're very confident about the future,” said Murata. 

During the signing ceremony of major projects held on the afternoon of December 21, Yazaki (China) concluded a cooperation agreement with the city of Shantou for the new energy auto parts manufacturing base.  

Murata said that Yazaki (China) will carry out a business transformation towards the new energy in the future. The supply chain of new energy vehicles will be the focus. 

“Next, my company will strengthen business cooperation with new energy auto companies like BYD Auto and Xpeng Motors in Guangdong,” added Murata. 

After decades of development in China, he stressed that as a foreign company, they have received tremendous support from the government of Guangdong and Shantou. 

Since entering the Chinese market in 1989, Yazaki (China) has built subsequently three factories in Shantou city and one factory in Foshan city. Currently, it has 14 branch companies in China, with a total investment of nearly 900 million RMB in Shantou.