BEIJING—Motorola will invest an additional US$6.6 billion in China in the next five years to reach a cumulative investment of US$10 billion and double its production capacity in the country. Annual production will also reach US$10 billion.
Motorola has invested US$3.4 billion in China since 1992. China is one of the few telecommunications markets that is still expanding. The company will build one of its major research and development centers in Beijing with an additional investment of US$1 billion during the next five years.
Motorola is the biggest foreign investor in China, as well as the biggest tax payer.
Motorola’s management was in Beijing this week for a board meeting. Tim Chen will replace P.Y. Lai as president of Motorola (China).
