Swiss logistics giant doubles down on China amid AI boom and Chinese MNCs' global expansion
· Source: chinadaily.com.cn
In short
Kuehne+Nagel CEO Stefan Paul said the Swiss logistics group will keep investing and deepening cooperation in China, driven by surging data-center demand linked to AI and cloud adoption, and by the globalization of Chinese multinationals. The company has signed 25 master service agreements with Chinese MNCs and, in late September, an MoU with CATL to expand battery logistics and freight electrification into long-haul trucking. Paul remains optimistic on global trade and expects China and Southeast Asia, plus the Americas, to be the main trade powerhouses, while planning to grow its 3,500-strong China workforce.
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Tags: logistics, supply chain, freight, data centers, batteries, automation