Guangdong Pratic CNC Technology and Suzhou Puyite Automatic System signed cooperation agreements with the Jinwan District People's Government on June 26 to each invest 1.2 billion yuan ($179.5 million) in the district.

Pratic's smart new energy vehicle assembly project is estimated to generate over 2 billion yuan ($299 million) annually upon operation, while Puyite's photovoltaic new energy project is expected to generate annual output of 3 billion yuan ($449 million). 

Puyite general manager Zhang Lin spoke highly of Jinwan's business environment, which is home to leading enterprises in the industry like Guangdong Gaojing Solar Energy Science & Technology and Aiko Solar, providing a complete industrial chain for the enterprise's project. 

Ao Wei, director of the Economic Development Bureau of Jinwan District, said that the two projects will help expand the scale of Jinwan's new energy sector, increase its influence in the new energy and high-end equipment manufacturing industries, and boost high-quality regional development. 

Signing ceremony [Photo courtesy Zhuhai Daily]

Guangdong Pratic CNC Technology focuses on the production of large-scale, high-end smart numerical control equipment. Smart factories will be built for its Jinwan project, while automated and smart equipment will be applied in the whole production process. It is expected to become the world's most advanced automated smart factory producing high-end smart equipment with the highest informatization level.

Suzhou Puyite Automatic System currently owns the world's first silver paste substitution technology and has made breakthroughs in materials for large-scale applications of photovoltaic power generation. Phase I of its Jinwan project will give priority to R&D and production of wet chemical equipment for the world's first N-type advanced photovoltaic power generation solar crystal silicon cells with independent intellectual property. Part of the equipment in the project will be exclusively used for Aiko Solar's new project.