Recently, foreign companies have continued to increase their investments in Pinghu. Japan's Nidec Corporation has added an investment of 10 million US dollars to establish the first domestic harmonic reducer production line. Pinghu Rongcheng Environmental Protection Technology Co., Ltd., Komail Electromechanical (Jiaxing) Co., Ltd., Zhejiang Baolvti Environmental Protection Technology Engineering Co., Ltd., and other foreign companies have also increased their investments in Pinghu one after another. Pinghu's high-quality foreign investment "business card" is shining brighter and brighter.

This investment by Nidec Corporation marks the 33rd "handshake" between the two parties since Nidec's establishment in Pinghu in 1999. Over the past 25 years, Nidec Corporation has successively established 17 enterprises in Pinghu, spanning various fields such as motors, new energy vehicle power systems, engineering equipment and testing devices, and services. Nidec Corporation's enterprises in Pinghu have grown from none to many, from small to large, and from large to strong, forming a distinct "grape string" effect. Its subsidiaries have increased their capital 33 times, with a total investment of 1.48 billion US dollars. Pinghu has also become the most extensive industry layout, the largest investment scale, and the largest number of enterprises for Nidec Corporation in China.

The 33 "handshakes" between Nidec Corporation and Pinghu demonstrate the fertile soil for Pinghu's development of foreign investment. Komail Electromechanical (Jiaxing) Co., Ltd. also deeply feels the excellent business environment in Pinghu's development. Komail Electromechanical settled in Pinghu in 2018, achieved an output value of 400 million yuan in 2019, and is expected to achieve an output value of 1.3 billion yuan this year. In just a few years, the output value has increased several times. It is precisely because foreign companies can achieve high-quality development in Pinghu that more and more foreign companies choose to increase their investments in Pinghu. "We signed a contract for our new investment project in February this year. The Pinghu government has provided a lot of help to our company, accelerating the progress of the project. It is expected that the new project will be put into operation early next year." Luca, the general manager of Komail Electromechanical, said that after settling in Pinghu, the Pinghu government has always cared about the development of enterprises, timely and efficiently responding to the needs of enterprises, and solving various problems such as product production and employee accommodation for enterprises. It is reported that Komail's new investment this year is mainly used for production line expansion. After production, Komail Electromechanical will increase its output value by 30%.

As foreign companies choose to continue to invest in Pinghu, Pinghu will also provide the best business environment for foreign companies, and both parties will work together for win-win cooperation. In recent years, Pinghu has taken the optimization and upgrading of the business environment as the lead of the "first reform project", and has institutionalized, normalized, and diversified communication and exchange activities with foreign companies, comprehensively coordinating communication with foreign companies on land use, energy use, and employment to ensure that foreign companies in Pinghu start businesses and develop in peace of mind. In response to the development needs of foreign-related services throughout the life cycle, Pinghu has also comprehensively built online and offline service platforms, not only doing "inside work" well, but also providing more "unexpected surprises", forming customized, packaged enterprise foreign-related value-added services, and creating a new environment of corporate affinity. According to the regional aggregation characteristics of foreign companies in Pinghu, Pinghu promotes the integration of platform resources such as European and American clubs and Japanese associations, fully leveraging the advantages of platform contact and resource gathering, expanding and improving the "circle of friends" of foreign companies, enlarging the development platform for foreign companies, and practically doing things for foreign companies. One practical measure after another has constructed a framework pattern for the high-quality development of foreign companies in Pinghu, making more and more foreign companies trust and invest in Pinghu.