Huawei has managed to attract attention with its innovative products since its emergence. However, due to the embargoes that followed and various other reasons, the company had difficulty in following a rising graph. Now, as things are starting to get back on track, good news continues to come for Huawei. So much so that the location of the first factory that the Chinese technology giant will establish in Europe has been announced. Here is that country!
The first Huawei factory in Europe is being built in France
Huawei can’t sit still. Just the other day, the Chinese giant said it will launch “pioneering, innovative and groundbreaking” products in 2024, and now it has apparently chosen France to build a factory next year.
Huawei’s first European plant is exciting news, given that many states in Europe have restricted the use of equipment manufactured by Huawei and China’s ZTE due to “security concerns”. Add to that the deteriorating US-China relationship and the magnitude of the event can be realized.
Plans to build a Huawei factory in France in 2024 were originally planned for 2020. However, things were postponed due to the Covid pandemic. It is known that the plant could be located in Brumath near Strasbourg, but there is no information on when it will be operational.
The company said it would invest 200 million euros (about $215 million) in 2020 to build a mobile phone network equipment factory in eastern France. Plans at the time were for the factory to employ 300 people initially, rising to 500 in the long term, and for its products to be made available to Huawei’s European customers.
France, after all, has a special relationship with Huawei. In July 2023, Chinese Vice Premier He Lifeng and French Minister of Economy and Finance Bruno Le Maire attended the China-France Economic and Financial Dialogue in Beijing, China. During these talks, China expressed its hope that France would “stabilize the tone” of EU-China relations.
This is an important development for France as well, as China is France’s third largest trading partner after the EU and the US, and the French business community is increasingly concerned that it could be caught in the crossfire of the growing rivalry between the world’s two economic superpowers.
So what do you think about this news? You can share your thoughts with us in the comments section.
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