Wang Jing (left), deputy secretary of the Party working committee and director of the administrative committee of CCEDZ, and Zhang Shuangyun, chairman of Shanghai Togee Rail Transit Equipment, sign a cooperation agreement on Oct 10. [Photo/WeChat account: ntjjkfq]

The Chongchuan Economic Development Zone, or CCEDZ – located in Chongchuan district in Nantong, East China's Jiangsu province – signed an agreement on Oct 10 in Shanghai in East China with Shanghai Togee Rail Transit Equipment Co Ltd to establish its intelligent manufacturing base and headquarters.

Shanghai Togee Rail Transit Equipment is a well-known domestic manufacturer, service provider, and integrator of direct current (DC) power supply equipment for urban rail transit. Its main products include DC switchgear, solutions for online monitoring and smart operation, and maintenance of traffic.

It plans to set up an intelligeng manufacturing base and its headquarters in CCEDZ, and get rooted in the market of DC switchgear for urban rail transit. Taxable sales in 2022-24 are expected to be at least 1.5 billion yuan ($232.7 million).