This year, Taizhou Port Economic Development Zone has been continuously optimizing its business environment, actively providing services to facilitate the early completion of projects.
Recodeal Interconnection System's battery interconnection system project is a shining example of this. With a total investment of 2 billion yuan ($275.27 million), it is a major project in Jiangsu for this year. The first phase, with an investment of 1.2 billion yuan, was completed and put into operation in July, while the second phase is expected to begin construction next year.
The first phase of Recodeal's battery interconnection system project is operational. [Photo/WeChat account: gh_1ff53eb21f0a]
As of November, the project has achieved sales of 185 million yuan, with an anticipated total of 200 million yuan for the year and over 500 million yuan projected for next year.
Another highlight is Taizhou Zhiche Science and Technology City, with a total investment of over 1 billion yuan by Zhongjiang Science and Technology Co. The project aims to create a sci-tech hub, clustering industries such as new energy auto parts, electronic information, and high-end equipment manufacturing.
The first phase of the project is expected to be operational by the end of the year, while the second phase is under construction. Over 20 companies and projects across the industry chain have been introduced, and 10 enterprises above designated size are expected to be brought in next year, generating sales of 350 million yuan.
Looking ahead, the zone will continue to focus on the needs of local enterprises in regard to research and development, manufacturing, and market expansion, actively supporting their construction and growth.