On Dec 12, the groundbreaking ceremony for Shenyue Technology's High-Performance Electric Drive System Project was held in Jiangyan Economic Development Zone of Taizhou, marking the zone's first project with a total investment exceeding 10 billion yuan ($1.37 billion).
Shenyue Technology's High-Performance Electric Drive System Project breaks ground on Dec 12 in Jiangyan EDZ. [Photo/WeChat account: gh_d6cb78f80c03]
The project, with a total investment of 10.6 billion yuan, is expected to generate annual sales of 15.5 billion yuan once operational. The first phase of the project involves an investment of 4 billion yuan and aims to produce 900,000 units of new energy vehicles, aircraft, and electric motorcycles annually.
Looking ahead, Jiangyan EDZ will continue to optimize its business environment and actively provide comprehensive services for the project's construction, ensuring it becomes operational as soon as possible.