Following the arrival of two major electric vehicle manufacturers, Li Auto and BYD, a group of companies upstream and downstream of the industrial chain have set up in Changzhou, Jiangsu province of China, accelerating the development of new energy industry in the city. As the core industrial cluster zone, Changzhou…
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CHANGZHOU, China, March 8, 2021 /PRNewswire/ On the morning of February 27th, Changzhou National High-Tech Zone held the groundbreaking ceremony for Phase II of Intersurgical Medical Device (Changzhou) Co., Ltd. s plant. The ceremony is the first of similar events for zone s 70 planned production facilities, the construction of which is scheduled to start in 2021. The 70 projects represent a total investment of US$8.9 billion, of which, US$3.3 billion is expected to be made this year. The projects include 47 manufacturing facilities with a total investment of US$4.6 billion, of which US$1.6 billion is earmarked for 2021. Emerging and specialized sectors account for more than 80% of what will be produced at the new facilities. The projects are comprised of 17 at the municipal level, 51 at the district level and 2 categorized as key in supporting the transportation infrastructure. Sectors covered by the new projects include smart energy, new m