The second "Zhengzhou" appears, with Foxconn investing 3 billion yuan and Huawei directly settling here

Tech 2023-05-19 14:24:25 Source: Network

Jay Chou - Blue and white porcelain_ 202319171439.mp33:57From the Science and Technology New Knowledge MuseumThis article is original, please do not plagiarize or move, violators will be held accountableFoxconn is a labor-intensive enterprise with millions of employees in mainland China

Jay Chou - Blue and white porcelain_ 202319171439.mp33:57

From the Science and Technology New Knowledge Museum

This article is original, please do not plagiarize or move, violators will be held accountable

Foxconn is a labor-intensive enterprise with millions of employees in mainland China. Thanks to Apple's orders, Foxconn has firmly established itself as the world's largest OEM factory. Apple is still increasing its order investment in Foxconn, so Foxconn needs to ensure production capacity output and build more production bases.

So Foxconn invested 3 billion yuan in Xinxiang, and Huawei directly settled here. The investment actions of the big factories led to the emergence of a second "Zhengzhou".

Foxconn's layout in the mainland market is very extensive, with Zhengzhou being Foxconn's largest production center, with over 200000 employees at its peak, producing half of the world's iPhone orders.

Foxconn and Zhengzhou can be said to have achieved mutual success. In 2011, Foxconn put into operation the first phase of its factory in Zhengzhou, and the export volume quickly accounted for 30% of Henan's GDP, making Zhengzhou the core of Henan's GDP growth. By 2020, Zhengzhou had the highest export volume in China, and in Henan, it accounted for over 60% of the export volume.

The returns brought by Zhengzhou to Foxconn are also enormous. On the one hand, it provides Foxconn with sufficient labor force and firmly seizes Apple orders. On the other hand, there is corresponding policy support to enable Foxconn to settle down with peace of mind.

However, relying solely on the Zhengzhou factory is not enough to meet Foxconn's production needs. Apple is still increasing its order investment in Foxconn, and Foxconn needs greater capacity guarantee. So Foxconn set its sights on Xinxiang and invested 3 billion yuan to build a factory in Xinxiang.

The reputation of Xinxiang may not be as great as Zhengzhou, but with the investment of large factories, it may become the second "Zhengzhou" for future development and construction in Xinxiang. So what are the advantages of Xinxiang?

Labor advantage

From the perspective of labor resources, Xinxiang has certain advantages, with a total population of over 6.16 million people, of which the labor force is relatively large, providing a solid human foundation for the local economic development. Xinxiang City has multiple higher education institutions and vocational schools, providing a large number of high-quality labor force for the local area.

Moreover, Xinxiang City also has a good vocational education system, which has trained a group of highly skilled and high-quality labor forces for the local area. Due to its abundant human resources, it can reduce production costs and improve competitiveness for enterprises.

Geographical advantages

Xinxiang City is located in the northern part of Henan Province and is a transit station for North China, East China, South China, Northwest, and Southwest regions. With convenient transportation and smooth logistics, it is a very important transportation hub city.

Xinxiang City has convenient transportation, with multiple expressways and railways running through the entire area, including the Beijing Guangzhou Railway, Beijing Hong Kong Macao Expressway, Lianhuo Expressway, and Jiguang Expressway, which can quickly connect all parts of the country. Convenient transportation hubs can enable companies like Foxconn to quickly connect with suppliers, transport the necessary materials and products, and connect hundreds of suppliers for cooperation.

Industrial foundation advantages

In terms of industrial foundation, Xinxiang also has advantageous characteristics. The main industries in Xinxiang City include textile, food, chemical, mechanical, pharmaceutical and other fields. Among them, the textile industry is the traditional pillar industry of Xinxiang City, which has one of the largest towel production bases in China and is known as the capital of towels in China.

In addition, Xinxiang City is also one of the famous food production bases in China, mainly producing products such as flour and eggs. Xinxiang City also has a certain industrial foundation and advantages in fields such as chemical engineering, machinery, and medicine.

The rich industrial foundation can attract foreign investment and build factory facilities locally. Moreover, once factory facilities are established, they will attract a large number of laborers, and the industrial foundation can meet the living needs of the laborers, achieving long-term stable production operations.

It is worth mentioning that Huawei has also directly settled in Xinxiang, investing 1.65 billion yuan to build a big data industrial park in Xinxiang. The planned park area has reached 100000 square meters, with a total construction area of 200000 square meters. With the establishment of Huawei, Xinxiang's cloud computing and information technology services have reached a first-class level.

Geographical advantages

With the continuous development of the Chinese economy, the industrial structure of Xinxiang City is also constantly optimizing and upgrading. It has now formed a modern industrial system mainly composed of traditional industries such as machinery, chemical engineering, textiles, and food, supported by high-tech industries such as electronic information, new materials, and new energy.

At the same time, the Xinxiang Municipal Government is actively promoting the modernization construction and industrial upgrading of the city, providing a good investment environment and services for enterprises, and attracting numerous domestic and foreign enterprises to invest and prosper.

Of course, whether Xinxiang can become the second "Zhengzhou" still needs time to test. I believe that with the development potential of Xinxiang, it can one day soar and become another business card for China's exports.

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