LINARES, Spain, Nov. 12, 2026 /PRNewswire/ -- Desay SV today officially inaugurated its new smart manufacturing facility in Linares, Spain, marking another important step in putting its "In Europe, with Europe, for All" commitment into practice. The facility strengthens the company's local manufacturing and customer-support capabilities and enables closer collaboration with automotive customers across Europe.
Held at Santana Tech Park, the opening ceremony and press conference brought together Desay SV's senior leadership, representatives of the Spanish central and regional governments, automotive OEM customers, and industry stakeholders. Among the distinguished guests was Núria Aymerich Rocavert, Special Commissioner for Industrial Competitiveness and Small and Medium-sized Enterprises (SMEs) at the Ministry of Industry and Tourism of the Government of Spain.
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Desay SV Opens Smart Manufacturing Facility in Linares, Spain, Strengthening Its European Presence
Desay SV Opens Smart Manufacturing Facility in Linares, Spain, Strengthening Its European Presence
Desay SV Opens Smart Manufacturing Facility in Linares, Spain, Strengthening Its European Presence
Desay SV Opens Smart Manufacturing Facility in Linares, Spain, Strengthening Its European Presence
Building a Localized Manufacturing Hub in Europe
With a total built-up area of approximately 20,000 square metres, the Linares facility serves as a key regional hub for Desay SV, integrating localized manufacturing, engineering, and customer support in Europe. Upon completion of its planned phases, the facility will have a maximum designed annual production capacity of 2.8 million units, providing the flexibility to respond to evolving OEM demand.
The site will cover the production of a range of automotive products, including automotive displays and smart cockpit domain controllers, supporting the evolving needs of European automakers as vehicles become increasingly connected, intelligent, and software-defined. Mass production is expected to begin in the first quarter of 2027.
Strengthening Industrial Cooperation with Spain
Desay SV's investment in Linares reflects the company's confidence in Spain's automotive industrial base and the region's potential as a strategic location for advanced manufacturing. The project is expected to contribute to local industrial capabilities, supply-chain resilience, and skilled employment.
"Spain continues to strengthen its position as a leading European hub for automotive excellence and technological innovation. Desay SV's investment in Linares reflects the strength of Spain's industrial ecosystem and contributes to our shared ambition to advance sustainable mobility and strengthen the competitiveness of the European automotive industry."
— Núria Aymerich Rocavert, Special Commissioner for Industrial Competitiveness and SMEs at Spain's Ministry of Industry and Tourism.
"Desay SV's investment in Linares is a transformative milestone for Andalusia's industrial future. Driven by our 22% surge in regional industrial output, we are proud to welcome a world-class automotive technology leader to our ecosystem. When an industry pioneer like Desay SV invests here, they come to stay."
— Jorge Paradela Gutiérrez, Regional Minister of Industry, Energy and Mines of the Junta de Andalucía
Supporting European Automakers with Local Programs
Desay SV Spain S.L. has received formal project nominations from two international automotive manufacturers and is continuing commercial discussions with several other European automakers. These developments underscore the company's growing engagement with the European automotive market and its commitment to building long-term customer relationships through local presence and support.
"We are proud to be part of Linares' industrial revival and to contribute to a new chapter in the city's development. The support and collaboration of the local, regional and national authorities have been instrumental in bringing this project to life. Building on this strong foundation, we look forward to creating new opportunities for local talent, strengthening the regional automotive ecosystem and growing together with the community for years to come."
— Ling Jianhui, Executive Vice President and Chief Operating Officer of Desay SV
"The inauguration of our Linares facility represents another important step in putting our 'In Europe, with Europe, for All' commitment into practice. By combining Desay SV's technological expertise with Spain's strong automotive industrial base, we are establishing a resilient local manufacturing hub that enables us to build closer relationships with European partners and provide faster, more flexible, and tailored services to meet their evolving mobility needs."
—Yang Yong, Executive Vice President of Desay SV and General Manager of Desay SV Europe
A Growing International Business
Desay SV continues to expand its international business. In the first nine months of 2026, the company recorded revenue of approximately RMB 24.4 billion, representing year-on-year growth of 9.3%. International sales reached approximately RMB 1.6 billion in the first half of 2026, up 55.7% year on year. The company's European headquarters is located in Weimar, Germany, and its European operations extend across Germany, France, Spain, Sweden, and the Czech Republic. Through this regional network and its Linares manufacturing base, Desay SV aims to respond more effectively to customer requirements and support the transformation of the European automotive industry.
Creating Opportunities for Local Talent
The Linares project is expected to create up to 500 direct jobs by 2030 across manufacturing, engineering, quality, logistics, and management. Desay SV also plans to work with local educational institutions, including the University of Jaén and I.E.S. Himilce, to support talent development and build pathways between education and the automotive industry.
About Desay SV
Desay SV is a mobility technology company with operations spanning 26 locations worldwide. With 40 years of experience, the company focuses on Intelligent Cabin, Intelligent Driving, and Connected Services, supported by capabilities in research and development, design, quality management, and intelligent manufacturing. Its global automotive customers include Chery, Geely, Li Auto, Renault, SAIC, Stellantis, Toyota, Volkswagen, and Volvo. Desay SV ranked 54th in the Automotive News 2026 Top 100 Global Automotive Suppliers. Learn more at www.desaysv.com.
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Desay SV Opens Smart Manufacturing Facility in Linares, Spain, Strengthening Its European Presence
Desay SV Opens Smart Manufacturing Facility in Linares, Spain, Strengthening Its European Presence
Desay SV Opens Smart Manufacturing Facility in Linares, Spain, Strengthening Its European Presence
Desay SV Opens Smart Manufacturing Facility in Linares, Spain, Strengthening Its European Presence
- Visitors to Hong Kong from across Asia Pacific can now scan and pay with their preferred home wallets via Visa Pay at Octopus QR merchants—no cash or additional local apps required.
HONG KONG, Nov. 12, 2026 /PRNewswire/ -- Visa, a global leader in digital payments, today announced the expansion of Visa Scan to Pay acceptance in Hong Kong through a partnership with Octopus Cards Limited (Octopus), one of Hong Kong's leading everyday payment platforms, enabling Visa-powered QR payments at Octopus QR merchants across the city[1].
Tourists visiting Hong Kong can use their preferred home payment apps—including Hyundai Card, Woori Card, Samsung Card, VNPT Money and soon to come LINE Pay, Shinhan Card — to pay at participating Octopus QR merchants, with more international payment apps to be added in the future. Payments are processed securely through Visa's global network, supporting a smooth and familiar checkout experience for visitors.
Making travel spending simpler for visitors
Hong Kong welcomes millions of visitors each year, and the way travelers pay plays an important role in their overall experience. According to Visa's latest Consumer Payment Attitudes Study[2], about two in three travelers prefer to use contactless or mobile payments when travelling overseas, reflecting a growing move away from cash.
Paulina Leong, General Manager of Visa Hong Kong and Macau, said, "When people travel, they want payments to be effortless and familiar. Through our collaboration with Octopus, we're enabling visitors to pay in Hong Kong using the apps they already know and trust, giving them greater confidence and convenience wherever they go. At the same time, this helps local merchants serve more customers easily, capture more sales, and benefit from the continued strength and vibrancy of Hong Kong's tourism economy."
Building on the extensive Octopus QR infrastructure already in place, the small businesses currently using Octopus App for Business can now accept payments easily from inbound visitors across Asia Pacific through the Visa QR network, without the need to install new hardware or systems.
This reflects Visa's broader mission to simplify payments and empower growth for every business. Visa's solutions enable small businesses to scale by reducing the complexity of managing payments, enabling merchants to focus on growing their business and serving every customer.
Anthony Lau, Executive Director, Hong Kong Tourism Board, said, "The Hong Kong Tourism Board (HKTB) welcomes the partnership between Visa and Octopus, as the collaboration offers a wider range of cashless payment options in Hong Kong and aligns with global consumer trends. HKTB believes that enhanced payment convenience will further enrich visitors' shopping experiences and strengthen Hong Kong's image as a tourist friendly destination."
Andy Yip, Director, Consumer Business & Product, Octopus Cards Limited, said, "At Octopus, our commitment to making everyday life easier also applies to every visitor coming to Hong Kong. By partnering with Visa, tourists from across Asia Pacific can simply open the wallet app they use at home and pay instantly at any Octopus QR merchant, while our merchants receive these cross-border payments through the same Octopus setup, with no additional hardware needed. Looking ahead, we are excited to take this to the next level by enabling Octopus Wallet users to Scan to Pay when they travel overseas, helping to build a truly connected payment ecosystem for everyone, wherever they go."
Driving QR payment acceptance in Hong Kong
As part of Visa Pay, Visa Scan to Pay supports QR payments through wallets and bank apps. Consumers can use their everyday wallet with Visa's security infrastructure and global reach behind the scenes. Merchants can accept more ways to pay and meet local customer preferences, while keeping checkout simple. Visa Scan to Pay is part of Visa's broader strategy to connect consumers and businesses through trusted, secure, convenient payment experiences while supporting the continued growth of digital commerce across Asia Pacific.
The launch of QR payment acceptance in Hong Kong represents the first phase of Visa's partnership with Octopus. Visa and Octopus will continue to explore enabling Octopus HK wallet users to Scan to Pay across the Asia Pacific region in 2027.
Visa will continue to grow the Visa QR network by onboarding more digital wallets over time, further expanding payment choice for international visitors and reinforcing Hong Kong's position as a world-class, visitor-friendly destination.
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
About Octopus Cards Limited (Licence Number: SVF0001)
Operating under the Stored Value Facilities Licence, Octopus Cards Limited (OCL) provides innovative offline and online Octopus payment services to meet customers' diverse payment needs. Launched in 1997 by OCL, the Octopus system in Hong Kong is one of the world's leading and most extensively accepted contactless smartcard payment systems. Its aspiration is to bring diversity and inclusion in payment to customers of all facets of life.
Today, more than 36 million Octopus cards and products are in circulation; spanning businesses including public transport, parking, retail, self-help services, schools, and leisure facilities, and access control for residential and commercial buildings. There are almost 210,000 Octopus acceptance points in the market. Octopus' application has been extended to online and mobile payment arenas with services including Octopus on iPhone and Apple Watch, Octopus on Samsung Pay, Octopus on Huawei Pay, Octopus App and Octopus Wallet, bringing new payment experiences to customers.
The Octopus Group exports its unique experience and technology overseas, offering consultancy services across the world. The mission of OCL is simple: Making everyday life easier. For more information about OCL, please visit www.octopus.com.hk.
| [1] Visa cards issued in Hong Kong are not applicable to this initiative. Furthermore, payment authentication mechanism is controlled by wallet issuers. |
| [2] Visa's Consumer Payment Attitudes Study 5.0: Tourism and Megaevents polled 1,050 consumers travelling to and from Hong Kong, within the GBA, and from overseas markets, covering a range of ages, income levels, and districts. The survey was conducted in October–November 2025 through online interviews with respondents aged 18 to 55, with household incomes at or above the middle-income tier. |
[1] Visa cards issued in Hong Kong are not applicable to this initiative. Furthermore, payment authentication mechanism is controlled by wallet issuers.
[2] Visa's Consumer Payment Attitudes Study 5.0: Tourism and Megaevents polled 1,050 consumers travelling to and from Hong Kong, within the GBA, and from overseas markets, covering a range of ages, income levels, and districts. The survey was conducted in October–November 2025 through online interviews with respondents aged 18 to 55, with household incomes at or above the middle-income tier.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Visa and Octopus Expand QR Payment Acceptance in Hong Kong, Enabling Tourists to Pay Like They Do at Home
