With the continuous improvement of local enterprises' innovation capabilities, industrial development in the Rudong Economic Development Zone, Nantong, Jiangsu province, has been rapidly advancing.

From January to February, the zone has achieved a total taxable industrial sale of 6 billion yuan ($834.22 million), with taxable industrial sales from above-designated-size enterprises reaching 5.5 billion yuan.

Jiangsu Yuchuan New Energy Technology Co Ltd is one of the enterprises driving development through technological innovation. The company boasts a research and development team that has achieved the first domestic mass production of new energy high-speed transmissions. The reducers developed and produced by the company feature characteristics such as lightweight, high speed, low noise, and high efficiency.

Technological innovation has brought new opportunities for the company this year. Ye Xilu, co-founder and vice-president of sales, said that the company is expected to deliver between 1.3 million and 1.5 million units throughout the year, doubling last year's figures.

An assembly line in Jiangsu Yuchuan New Energy Technology Co Ltd. [Photo/Nantong Daily]