Zhejiang business representatives tour Chongqing

Zhejiang's business representatives tour Chongqing from March 26 to 28. [Photo/liangjiang.gov.cn]

From March 26 to 28, the Zhejiang business people's Chongqing tour took place.

Currently, enterprises in Zhejiang have invested in over 30 key projects in Liangjiang New Area, spanning across the new energy vehicles (NEVs), digital economy, healthcare, and financial services sectors. Their total investment exceeds 58 billion yuan ($8.18 billion). The Geely high-end NEV production base project, with an investment of 7 billion yuan, has landed in Liangjiang. Its primary focus is on the production of high-performance electric vehicles under the Polestar brand. On June 28, 2022, Polestar was listed on the Nasdaq Stock Exchange in New York.

Xinzhi Tech, located in Taizhou, Zhejiang, is mainly engaged in the research, production, and sales of various types of motors and their core components.

Its motor power project is located in Longsheng New City, Liangjiang New Area, and has a total investment of 1.31 billion yuan. It will establish a research and production base for electric vehicle drive motors, with an annual output of 3 million units.

Regarding the reason for settling in Liangjiang New Area, Li Hailong, general manager of Chongqing Xinzhi Electric Power Equipment Co, stated that Liangjiang has gathered a group of leading intelligent connected and NEV makers such as Changan and SERES, as well as a number of key supporting projects for the industry.