Shenzhen Inovance Technology Co. Ltd. is considering acquisitions in Europe, signaling the Chinese company is readying a push to compete in Europe with industrial incumbents like Siemens AG and top auto supplier Robert Bosch GmbH.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-07-18/china-s-siemens-competitor-eyes-buying-its-way-into-europe)