Home> Investment>Industries

New energy and new energy vehicle industries

(chinadaily.com.cn) Updated: 2018-07-27


New energy and new energy vehicle industries of Nantong [Photo provided to chinadaily.com.cn]

As Nantong was one of the first national new energy demonstration cities, its new energy industries have developed with full vitality.

The power generation capacity of the new energy of Nantong is up to 1,960,000 kilowatt-hours, accounting for 21 percent of the city’s installed gross capacity. Wind power integration is up to 1,484,000 kWh; the installed capacity of offshore wind power is the country’s largest. The photovoltaic power generation integration has risen to 343,000 kWh, and the comprehensive implementation index of the distributed photovoltaic demonstration area ranks first in China.

The industrial scale has continually expanded. In 2017, there were 213 new energy and new energy vehicle enterprises above a designated scale in Nantong, producing an output value of 145.20 billion yuan. That value represented a year-on-year growth of 19.4 percent, ranking first among the six major industries.

Certain key enterprises have played a leading role in the development. Zhongtian Technology Group was listed among the national top 10 enterprises for photovoltaic power plant EPC (Engineering Procurement Construction) and power distribution development in 2015. Dawntine New Energy took the lead in pressing the first carbon fiber fan blade in China, with superior product performance in the whole country. Hanwha New Energy has been listed among the top 10 global photovoltaic manufacturing enterprises for three consecutive years.

The manufacturing cost of photovoltaic modules has decreased by 20 percent by machine substitution. Under the guidance of Made in China 2025, the new energy industry in Nantong will welcome a new round of development opportunities, taking green development as its mission and high-end manufacturing as its core approach.

Nantong, with Action Plan for Energy Development Strategy in mind, will take up the opportunities brought by the “Belt and Road” initiative and the Yangtze River Economic Zone development strategy and forge new growth nuclei in new energy industries. Recognizing “new energy vehicles promotion and application pilot” as an opportunity, Nantong will innovate business models to revitalize its economic growth and improve people’s livelihoods.