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Shanghai boosts automotive industry growth

( ) 2023-08-25

The Jiading district of East China's Shanghai is seen as a key industrial hub in the Yangtze River Delta region and in the first half of the year the value of its large-scale industrial output hit 200.16 billion yuan ($27.48 billion) – representing a 11.1 percent increase on the previous corresponding period.

The district is home to over 4,300 enterprises in its automotive industry supply chain, including global giants such as Volkswagen, Volvo and Toyota and emerging brands, including NIO, Li Auto and Jidu Auto.

Jiading has been proactively embracing the development of the new automobile industry and the four new trends – electrification, intelligence, connectivity and sharing – in the sector. Last year, the scale of its auto sector topped 830 billion yuan, with a total output of 164.69 billion yuan generated by enterprises operating in the four new trends area.

What's more, Jiading has been developing a modern industrial system that includes high-performance medical equipment, intelligent sensors, the internet of things and the new online economy.

Special industrial parks, such as Shanghai Smart Car Software Park and Automotive Chip Valley, have played a significant role in its development by bringing together over 600 enterprises related to the four new trends.

Moving forwards, plans are for the Jiading district to achieve a 300-billion-yuan scale in the intelligent and connected automobile industry by 2025 and to transform 300 traditional car companies into the four new trends.



Shanghai Auto Expo Park

Completed in March 2006 and open to the public free of charge, the Shanghai Auto Expo Park sprawls across an area of 76.67 hectares.