A signing ceremony for the cooperation between the government of Lushunkou district and China TX IIOT Group takes place in Dalian, Liaoning province, on May 23. [Photo/ WeChat account: gh_e82b4f2606d1]

Li Jun (L), chief of Lushunkou district, shakes hands with a senior executive of China TX IIOT Group at a signing ceremony on May 23. [Photo/ WeChat account: gh_e82b4f2606d1]

China TX IIOT Group signed a cooperation agreement with the government of Lushunkou district in Dalian, Northeast China’s Liaoning province, on May 23, to set up a subsidiary in Lushunkou.

The subsidiary will specialize in the R & D (research and development), and manufacturing of intelligent energy industrial products, combining information and communication technologies with energy technologies.

Projected to be located in Dalian Clean Energy Industrial Park, the company will cover 53,400 square meters, with an investment of 300 million yuan ($46.95 million) for the first stage of construction.

About 30 high-tech workers will be introduced to realize the targeted annual sales revenue of 500 million yuan. 

The company also promised to facilitate the communication between Lushunkou and Chen Qingquan, an electric vehicle expert at Chinese Academy of Engineering, to set up an academic work station in the district.

A meeting between the Lushunkou government and China TX IIOT Group is held to discuss the construction plan of the company’s subsidiary in the district. [Photo/ WeChat account: gh_e82b4f2606d1]