China to host Supply Chain Expo as some countries seek decoupling, “de-risking”
At a time when some nations seek decoupling or “de-risking,” China is preparing to host its first-ever International Supply Chain Expo in November.
Among the global participants, U.S. car maker Tesla plans to showcase its “Tesla speed” at the expo, assembling a car from scratch in less than 40 seconds. Thanks to China’s supply chain, Chinese firms supply 95% of the components for Tesla’s Shanghai mega-factory.
A Chinese battery firm announced plans to showcase a “super battery” which can power an electric vehicle for 400 kilometers with a charging time of only 10 minutes.
Sunday marks the start of the 100-day countdown to the expo. Over 300 companies from more than 50 countries and regions have confirmed their participation, with U.S. firms making up one of the largest groups.
The host of the expo, the China Council for the Promotion of International Trade (CCPIT), unveiled a mascot in Beijing at the countdown launch ceremony. “Its name is Linky, meaning we are all closely linked by the global supply chain, ” CCPIT Chairman Ren Hongbin said.
“We aim to let world business leaders see more of how upstream, midstream and downstream enterprises work together at our supply chain expo. Such collaborations, once formed, will be the most long-term and sustainable.” Ren added. “We are all connected for a shared future.”