Chinese Investment Group Eyes Antigua for AI and Vehicle Assembling Ventures

The content originally appeared on: Antigua News Room
3d rendering group of electric cars with pack of battery cells module on platform in a row

A Chinese investment group, with an interest in Antigua and Barbuda, that operates successfully out of Singapore, was invited to Cabinet.

The company generates monthly revenues of $100 Million US and is seeking a foothold in the twin island-state, as an operating base in the Caribbean.

The principal is of the view that AI (Artificial Intelligence) is the next big change in technological innovation, since it will provide more communication power in the future.

The firm assembles electronic vehicles in Mexico for export to North and South America.

The principal was asked if Antigua could be considered for assembling vehicles; after receiving assurances of sufficient energy production, he deemed the prospect of such manufacturing in Antigua to be good.

The group is scheduled to return to the Prime Minister’s Office to follow-up with several Cabinet members whose portfolios coincide with the Investor’s interest.

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