Foresight Autonomous Holdings Ltd. announced it has deepened its Chinese footprint with the establishment of Foresight Changzhou Automotive Ltd., ('Foresight Changzhou'), a wholly owned subsidiary, in Jiangsu Province, China. The Chinese subsidiary was established in cooperation with the China-Israel Changzhou Innovation Park, a bi-national governmental initiative that provides a unique platform for Israeli industrial companies seeking to enter the Chinese market. With the support of CIP's facilities and its dedicated staff, Foresight Changzhou will receive a package of incentives and grants from the Jiangsu Province's government to aid in overcoming barriers and achieving success in China.

The subsidiary will hire local engineers and high-quality staff, who will be based in CIP.