Chinese tech giant, Westwell, embarking on a major move for global expansion, has officially set up its international headquarters and Overseas R&D Center in Hong Kong. This noteworthy decision comes in line with the city’s Innovation and Technology Development Blueprint’s vision, potentially turning it into a flourishing hub for digital economy and smart technologies.
Westwell Establishes International Headquarters in Hong Kong
The new headquarters, according to Westwell‘s founder, Kenny Tan, marks a strategic step in the company’s globalization strategy. Recognizing the city’s key geographical location, financial sector, trade capabilities, and the HKSAR Government’s supportive stance on innovation, Hong Kong was the prime choice. The international and open research environment will facilitate Westwell in its pursuit of global technological innovation and business expansion.
Westwell’s Global Expansion and Technological Innovation
Amid the last year’s developments, Westwell has not only nurtured its Hong Kong-based subsidiary but has also reached out to countries such as Singapore, the United Kingdom, and the Netherlands. For instance, a notable achievement is a successful agreement with Hutchison Ports Port of Felixstowe for 100 battery-powered autonomous Q-Trucks, launching the largest fleet of “cabin-free” autonomous and new energy vehicles (NEV) for commercial use so far. These tech advancements aim to redefine industry transformation.
Partnership and Future Plans for Sustainability and Growth
The Overseas R&D Center’s focus will be on collaboration with local universities and research institutions in Hong Kong. With a significant investment of HK$300 million over the next five years, Westwell plans to create nearly 500 jobs, majorly directed at R&D. This move will help drive research and application of AI and autonomous vehicle technologies, promoting “innovation cells” for green and smart technologies, and accelerating the development of Hong Kong’s I&T ecosystem.
As a glimpse of a promising future, Westwell‘s decisive move catalyzes its globalization strategy and paints a positive picture of Hong Kong’s role in the digital economy and smart technology sector. As the Year of the Dragon dawns, Westwell’s ambitions of playing a significant part in building an international I&T center in Hong Kong look closer to reality.
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