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
Sohu Returns to Profit in First Quarter as Online Gaming Revenue Grows
Chinese Trucking Startup ForU Applies for Nasdaq Listing
Baidu Aims to Replace State-of-the-Art Self-Driving Tech With Launch of V2X System
Chinese Snack-Maker Shapes Up as a Spicy Hong Kong Offering
Fresh Funding Lifts Blockchain-Based Gaming Firm Animoca Into Unicorn Club
Foxconn Drives Deeper Into Car Manufacturing With Fisker Deal
Tesla Wannabe Xpeng Reports Shrinking Losses as Deliveries Explode
Tencent Brings in Nearly $500 Million From ‘Honor of Kings’ and ‘PUBG Mobile’ in April
U.S. Senate Advances Bill That Would Ban TikTok from Government Devices
WeRide Raises Fresh Capital as It Ponders How to Make Money Off Self-Driving Cars
China’s 2021 Smartphone Sales Surge Comes to an End in April
Trending in China: Weibo Turns On E-Bike Riders After Battery Explodes in Elevator
U.S. Senate Committee Presses Companies to Comply with Rule Designed to Limit Supply Sales to Huawei
Pony.ai Receives Green Light to Run Autonomous Freight Business in Guangzhou
Trending in China: Stories of Young Survivors on 13th Anniversary of Wenchuan Earthquake
Internet Security Apps Called Out for Personal Data Abuse
Online Insurance Upstart Yuanbao Bags $156 Million in New Funding
Pony.ai Works with Luminar to Build Lidar-Powered Sensing System for Driverless Cars
Self-Driving Truck Startup Plus Aims for U.S. Listing in SPAC Deal
Biotech Firm BeiGene Turns First Profit Since 2018 Hong Kong Listing
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