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CCEDZ thrives with major project developments in 2023

en.nantong.gov.cn| January 2, 2024

In 2023, the Chongchuan Economic Development Zone made significant advancements with the attraction and construction of multiple projects.

A total of 14 major projects were contracted throughout the year, with numerous significant foreign investments materializing. The zone is currently laying the groundwork for two industrial clusters—automotive electronics and pharmaceutical logistics—that are poised to reach a combined scale of 100 billion yuan ($13.97 billion).

One of them is Xingnenglian (Jiangsu) Energy Technology Co Ltd, which specializes in the design, development, manufacture, and system integration of key equipment in new energy sectors such as wind, solar, and storage. The company established its business presence in the zone in June of last year, with a total investment of 50 million yuan.

The investment encompasses equipment worth 30 million yuan and a factory space of about 5,000 square meters. It is expected to generate 150 million yuan in annual taxable sales.

Additionally, CCEDZ remains committed to carrying out significant projects. Established in 2010 in the zone, EC Precision Technology (Jiangsu) Corporation commenced construction on its new energy vehicle parts manufacturing facility in December 2022.

The project is nearing completion and is expected to start operating by July. It is projected to contribute annual taxable sales of 500 million yuan and to generate additional tax revenue of 30 million yuan, according to the company's executive director, Zhang Xiao.


A project is under construction in CCEDZ. [Photo/WeChat account: chongchuanonline]