Chongqing's Global Observers ③: Innovating for Industrial Development

"As long as Chongqing has a strong automotive base, it will always attract foreign investment capital," said James Wemyss, an American living in Chongqing and Director at Chongqing Stone Tan Financial Leasing Co.

Wemyss believes that the automotive industry is a global industry, and many companies are interested in selling cars to the Chinese market.

In recent years, the trend of software-defined cars has penetrated the automotive value chain. Intelligent transformation in the automotive industry has accelerated around the world. China’s smart car enterprises have risen rapidly to get ahead.

Chongqing is a major automobile manufacturing city in China. Now it has 41 automobile manufacturers. And it has formed an industrial cluster led by Changan Automobile and supported by thousands of enterprises.

To this end, Changan Automobile took the lead in setting up its global software center in the valley, aiming to build the largest software technology and intelligent mobile platform in China.

Changan Automobile’s global software center has become the first independent software enterprise set by a large state-owned car enterprise in China. This remarks as a significant move in the intelligent transformation of Chongqing’s automobile industry.

“We always want to see new investments here in Chongqing, with companies either building new factories or new production lines,” said Wemyss.

He thinks that the automotive industry is something that Chongqing has to keep focusing on, which will allow for Chongqing to have a very healthy economy in the future.

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