Nantong CIMC YuanEner Integrated Technology Co Ltd commenced operations in the Nantong Economic and Technological Development Area (NETDA) on Aug 8.

The company is expected to produce up to 32,000 units of new energy integrated equipment annually, which is poised to strengthen and extend the supply chain for new energy industries in NETDA, contributing to the green development in the area.

YuanEner is a globally-leading supplier of logistics and energy equipment and one of the first domestic enterprises to venture into the field of energy equipment integration.

The company has already established partnerships with top players in the energy storage industry, such as CATL.

The new energy industry is a key industry in NETDA. To facilitate the rapid growth of this sector, the area has set up a dedicated team to provide tailored services for planning enterprises.

For instance, the Phase I project of YuanEner in NETDA was completed with incredible speed, taking only five and a half months to complete all the factory buildings and an additional six and a half months to reach the trial production stage. Moreover, the project followed a credit commitment system that eliminates the need for approval processes, thereby expediting the completion and commencement of production.

The opening ceremony of Nantong CIMC YuanEner Integrated Technology Co Ltd in NETDA. [Photo/Nantong Daily]