German engineering giant Siemens announced on Thursday its plans to invest 2 billion euros in overseas manufacturing expansion, including a 140 million euro investment in China. The company aims to expand its digital factory in Chengdu, the capital of Sichuan Province, which will result in the creation of 400 new jobs, and to open a new research and development facility in Shenzhen focusing on “motion control systems with digitalization and power electronics technology.” Siemens, under the leadership of President and CEO Roland Busch, aims to assist Chinese partners in achieving their goals of industrial digital transformation, enhancing productivity, and optimizing the R&D process. In addition to its investment in China, Siemens also plans to invest 20 million euros in constructing a high-tech factory in Singapore for automated production. [Siemens statement]