Foreign-funded firm increases investment in Changzhou

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, known for its strong industrial foundation and well-developed supply chain.

CFP Photo

Sensata develops sensors, sensor-based solutions, including controllers and software, and other mission-critical products. After establishing a subsidiary in Changzhou’s High-tech Zone in 2004, it increased investment of $30 million and $10 million in 2010 and 2012 respectively.

The Changzhou company now has 3,700 employees with annual output value of 6 billion yuan. It’s one of the ten largest taxpayers in the high-tech zone.

Ni Guangshan, vice president and general manager-Automotive China at Sensata Technologies, said the high-tech zone boasts full-fledged supply chain, such as tens of auto parts suppliers around the city. The successful efforts to coordinate COVID-19 response and economic development has also strengthened the confidence in investment.

From January to April this year, the zone introduced 10 foreign investment projects amid efforts to promote upgrading of foreign-funded enterprises and pursue high-quality growth.