Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
AI Keeps China, U.S. From Decoupling Despite Trade Tensions, Insiders Say
Wingtech Demands Return of Nexperia Control After Dutch Freeze Pause
Intel Pivots to Custom Chips to Tap China’s Trillion-Yuan Computing Markets
Geely Leads $141 Million Round for Tsinghua-Linked Robotics Startup
China’s Giant Neutrino Detector Delivers First Results With Record Precision
China Unicom Taps Veteran Executive as Chairman to Navigate Telecom Transition
Chinese Self-Driving Firms Accelerate Into Middle East, Southeast Asia
Baidu Posts Record Revenue Decline as Ad Business Falters
Xiaomi’s EV, AI Units Post First Quarterly Profit
China’s Agricultural Drone Makers Pivot to Smarter Navigation as Size Race Ends
Alibaba Renames AI App to Stand Out in China’s Crowded Chatbot Market
Investors Flock to Chinese eVTOLs Chasing Regulatory Green Lights
Nexperia Headquarters Rachets Up Feud With China Unit With Salvo of Accusations
Robot-Maker Unitree Steps Closer to China IPO
Tencent Says Talks With Apple on WeChat Game Fees Are Advancing
Baidu Unveils Ambitious AI Chip Roadmap, Targeting 1 Million-Card Cluster by 2030
Tencent’s Profit Rises 19% on Overseas Gaming and AI-Powered Ad Surge
Caixin Summit: Design, Commercialization Key to China’s Low-Altitude Economy Taking Off, Industry Insider Says
China’s Robotics Revenue Soars as Industry Races to Crack Embodied AI
U.S. Formally Suspends Sweeping Export Control Rule for One Year After China Trade Talks
Plant-Based Faux Meat Maker Beyond Meat Shifts Production Lines to China

By Ding Yi / Sep 09, 2020 04:14 AM / Business & Tech

picture

picture

Serving as the faux meat supplier for Starbucks plant-based menu is not enough for Beyond Meat’s China ambitions. The U.S. fake meat maker is now moving some of its production lines to China as well, a country with an estimated 50 million vegetarians.

Beyond Meat (Jiaxing) Food, a wholly-owned subsidiary of Beyond Meat, is building two production facilities in Jiaxing Economic and Technological Development Zone, which is close to the financial hub of Shanghai, according to a company statement released on Tuesday.

Trial production is expected to begin within months, with full production set to be realized in early 2021, the statement said, stressing that the move makes Beyond Meat the first foreign plant-based meat maker to establish a major manufacturing facility in China.

The company will set up both a production base and research development center in China, as well as seeing the country as a major market in the years to come, the statement added.

In April, Starbucks unveiled a vegetarian menu with three dishes using Beyond Meat’s beef alternative, marking the faux meat maker’s official entry into the Chinese market.

In May, Swiss food giant Nestle said that it will build its first plant-based food factory in Tianjin Economic-Technological Development Area, which is expected to produce its first products by the end of this year.

Contact reporter Ding Yi (yiding@caixin.com)

Related: Nestle to Build Its First Plant-Based Food Factory in China

Support quality journalism in China. Subscribe to Caixin Global starting at $0.99.

Share this article
Open WeChat and scan the QR code