Multinationals are showing strong confidence in Shanghai's Jiading district by investing and expanding their operations there.

The district attracted nearly $8 billion in contracted foreign investment during the 14th Five-Year Plan period (2021-25), official statistics show. In 2025 alone, 93 foreign-funded companies launched projects in the district.

Valeo is a French automotive supplier and technology company that designs innovative solutions for smart mobility. It opened a new manufacturing base in Jiading in August last year, focusing on smart driving technologies.

According to the company's management, Jiading's strong automotive industry and supply chain provide a solid foundation for its growth, providing it with a compelling reason to double down in the area.

Celebrating its 30th anniversary in the Chinese market, German motion technology company Schaeffler has expanded its operations in the district with new projects centered around hydrogen energy, AI and cutting-edge technologies.

Zhang Yilin, CEO for Greater China at Schaeffler, described Jiading as a hub for talent and innovation and a fertile ground for growth. He highlighted its advanced hydrogen energy ecosystem and the group's confidence in the local market, which led to the strategic decision to have its global hydrogen energy business development spearheaded by the Chinese team.

According to a local official, Jiading offers comprehensive support to businesses, providing not just financial incentives but also efficient services in a problem-solving approach. This environment accelerates business growth, attracting more and more foreign investment.

Looking ahead, Jiading plans to continue improving its business climate to attract high-quality investment, ensuring a prosperous future for local and international companies.

Source: Jiading district government