Danish technology and engineering conglomerate Danfoss Group’s high-end electronic components plant in Nanjing, Jiangsu province will commence production in the second half, after the opening of its global green refrigerants compressors laboratory in Tianjin, the company’s top executive said. With a total investment of 100 million euros, the Danish technology and engineering conglomerate Danfoss Group’s high-end electronic components plant in Nanjing, Jiangsu province will commence production in the second half. Denmark-headquartered group’s new Nanjing factory will manufacture IGBT (insulated-gate bipolar transistor power) modules, which are power semiconductor die products. Danfoss said the move will strongly support its businesses in e-mobility, energy and industrial applications in China. The growth opportunities come from many Chinese companies’ moves to pursue sustainable growth, the government’s foreign trade and consumption stimulus packages and the rapid pace of industrial upgrading, said Kim Fausing, president and CEO of Danfoss Group.Fausing said Danfoss’ business in China has experienced rapid growth in recent years. Its sales in China reached around 4 billion yuan in 2015, while in 2022, the number has more than doubled to around 10 billion yuan. One of the main drivers of its continued and robust growth is the strong momentum in green investment unleashed by China’s pledge to reach its dual-carbon goals.