In the first half of 2024, Jiangyan district of Taizhou saw 295 new projects signed into effect, including 33 major projects, and completed 19.96 billion yuan ($2.79 billion) in fixed asset investment, marking a 19.5 percent increase. These high-tech, high performance, and high-quality projects are expected to drive the development of new quality productive forces in the region.
With 600 million yuan in investment, Suzhou Santie New Energy Technology's new energy project in Jiangyan Economic Development Zone adopts an intelligent production system. The project is expected to start production by the end of the year and is projected to achieve annual sales of 800 million yuan.
Jiangyan is also promoting the transformation of traditional enterprises.
Jiangsu Pacific Precision Forging's project involving lightweight auto parts for new energy automobiles has been built to global standards, with the comprehensive efficiency of the automated production lines exceeding 80 percent. Full production is anticipated by February next year, with installation and testing currently 70 percent complete.
Another noteworthy project is Shuangdeng Group's 10GWh intelligent energy storage system production project. Manufacturing lithium batteries and energy storage systems, the project further solidifying the sustainable development of the company's energy storage business and securing the group's position as a global leader in this area.
Shuangdeng Group is a globally-leading energy storage system manufacturer in Jiangyan district. [Photo/WeChat account: jyrmzf]
Looking ahead, Jiangyan district will continue to promote the development of robotics, new energy, and new materials industries, while encouraging enterprises to innovate to foster new quality productive forces.