Nantong High-tech Zone boosts major industries
The Lizhi Electronics Phase II in the Nantong National High-tech Industrial Development Zone develops 5G communication-related passive components. [Photo/WeChat account: wxtzfb]
Many companies in the key sectors supported by the Nantong National High-tech Industrial Development Zone have achieved further development amid the global pandemic.
Efforts were strengthened to promote the zone's strongest economic pillars of auto parts manufacturing and emerging industries such as new generation information technology, including artificial intelligence.
Attaching great importance to research and development, Hongbang Die Casting (Nantong) Co Ltd invested more than 30 million yuan ($4.6 million) this year to upgrade die-casting and machining equipment. The goal is to improve production efficiency and product accuracy by applying more robots in automated production lines.
According to Wang Suxia, manager of the company's management department, they are working hard on the R&D of new energy vehicles, actively eliminating old processes and continuously developing new products for the future market. At present, the proportion of die-casting parts for new energy vehicles is 40 percent of the company's total production capacity and this proportion will continue to rise. Cooperation with new energy vehicle makers such as Xpeng Motors and Nio Inc has expanded since the second half of the year.
Lizhi Electronics (Nantong) Co Ltd, a company mainly engaged in the production and sale of chip resistors, ceramic diodes, and plastic diodes began to pay more attention to 5G technology.
The Lizhi Electronics Phase II completed and made operable in May has started to produce 5G communication-related passive components which make up an important part of the 5G industry chain.
The Nantong National High-tech Industrial Development Zone has been promoting stimulus policies to encourage production capacity expansion, technological transformation, intelligent manufacturing upgrades, and more R&D investment. It aims to push forward the two major industries to achieve development with higher industrial concentration and quality and better output efficiency.
