On November 2nd, China Innovation Airlines (CALB) announced the layout of an industrial base in Europe. On the same day, AVIC and the Portuguese government signed a memorandum of cooperation in Sines, Sebatur district, marking the establishment of AVIC’s European industrial base in Portugal.
▲ Source: China Innovation Airlines official website
According to AVIC, the project is planned in an industrial area near Sines Port, which is located in the core area of European logistics. It is the second largest deep-water port in Europe and can operate 24 hours a day, with a prominent location advantage.
On October 6, China Innovation Airlines was listed on the main board of the Hong Kong Stock Exchange and officially landed in the international capital market. China Innovation Airlines said that the layout of the European industrial base is another important measure for the company to accelerate the realization of globalization.
The data on the loading volume of domestic power battery companies in September 2022 released by the China Automotive Power Battery Industry Innovation Alliance showed that China Innovation Airlines ranked third with a proportion of 6.16%, second only to Ningde Times ( 47.80%) and BYD (22.44%).