The first phase of the project, with a construction area of over 300,000 square meters, is expected to be completed by 2024 and cost more than $1 billion.
The project's landing was completed in just a few days, from land acquisition to construction commencement.
As the world's largest automotive technology supplier and a Fortune 500 company, Bosch has established one of its largest R&D and manufacturing centers in Suzhou.
Daniel Bruestle, general manager of Ernst Precision Metal (Wujiang) Co, praises Suzhou's business environment in an interview. [Photo/WeChat account: suzhoufabu365]
Daniel Bruestle, general manager of Ernst Precision Metal (Wujiang) Co, was also impressed by Suzhou's business environment, which enabled the company to invest $13.5 million to build a new factory for new energy vehicle parts.
Local authorities said Suzhou will continue working to attract more investment and convince more companies to strengthen their development in the region, expanding Suzhou's advantages in the real economy.