German industrial robot-maker Hahn Automation plans to invest millions of euros in new factories in China over the next three years, keen to capitalize on an economy that's rebounding more rapidly than others from the COVID-19 crisis.
"If we want to grow with the Chinese market, we have to manufacture on the ground," Chief Executive Frank Konrad said of the investment drive, intended to skirt Chinese export hurdles in what Beijing views as a strategic sector.
"Our goal is to make up to 25% of our sales in China by 2025," he said, up from roughly 10% now.