A news report from chinadaily.com.cn:
Special area in Shanghai taking innovative approaches to develop industries, attract talent
In late June, Chinas first independent car design company IAT Auto signed an investment framework agreement with Lin-gang Special Area to conduct its automotive research and development, manufacturing and export operations.
Xuan Qiwu, chairman of IAT Auto, which has worked with over 80 industry leaders including Honda, SAIC Motor and Li Auto for the past 17 years, said there were major reasons the company was setting up in the special area section of the China ( Shanghai ) Pilot Free Trade Zone.
Apart from an extensive transportation network linking Lin-gang to the rest of the country and the world, various opening-up policies introduced to improve global competitiveness were good incentives for the company to expand its footprint there, he said.
