A groundbreaking ceremony for six major projects in the high-end manufacturing and service industries was held in Gangzha district, Nantong, Jiangsu province on March 21. The total investment in the projects exceeds 6 billion yuan ($843.12 million).

One of the projects focuses on the internet of vehicles and is being promoted by Jiangsu Shihang Technology Co. The company engages in inventing and selling high-tech products related to internet of vehicles. It has developed partnerships with several famous colleges, such as Tsinghua University.

Over 20 first-class production lines will be put into use after the project is constructed, and 5G technology will be adopted. More than one million sets of intelligent driving products will be produced every year, and the annual turnover is estimated to surpass 1 billion yuan after reaching full capacity.

A series of projects involving electronic information and advanced manufacturing, have been carried out in the district over the past few years. More major projects worth over 60 billion yuan in total are expected to be carried out in the district in the near future.

Cao Jinhai, head of the district, expressed hope that local enterprises can take this opportunity to improve their competitiveness and said that the government will provide targeted services to support them.