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Hong Kong Accelerates EV Manufacturing Push to Diversify Economy
Hong Kong Accelerates EV Manufacturing Push to Diversify Economy
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BTCCSquare news:
Hong Kong is intensifying efforts to attract electric vehicle manufacturing as part of a strategic pivot to reignite economic growth. Government officials confirm active negotiations with Chinese automakers, including state-owned FAW Group, to establish assembly plants in the New Territories.
The initiative aligns with the city's Innovation and Technology blueprint, which prioritizes advanced manufacturing. Mainland EV firms like Neta Auto and GAC Motor have already expanded operations in Hong Kong, positioning the territory as a potential export hub for Southeast Asian and European markets.
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