SKF's Olme said that China’s rapid advancement in new energy vehicles and wind turbines necessitates bearings and parts manufacturing that meet elevated technical standards while maintaining cost efficiency. — China Daily
STOCKHOLM: Swedish bearing manufacturer SKF Group spoke highly of China’s rapid development of manufacturing in emerging sectors like electric vehicles and wind power equipment, saying the company will bring new opportunities for global industrial growth.
The group will increase investments in China, said Annika Olme, chief technology officer of SKF, adding the focus will be on localising the complete value chain, encompassing production, procurement, technical research and development.
