Jinwan aims high for 400b-yuan industrial output by 2025
A total of 63 projects signed agreements to settle in Jinwan District during a May 7 Jinwan (Zhuhai National Economic & Technological Development Zone) Industrial Development Conference. With investment of over 180 billion yuan ($27 billion), they span key projects, bank-enterprise cooperation, carrier construction, industrial park support facilities, and think tank services.
Notably, the district has introduced 27 projects with a single investment exceeding 100 million yuan ($15 million) as of 2022, with their total output value expected to exceed 60 billion yuan ($9 billion), officials announced during the conference. Among them, three are related to new energy, 14 to new materials, five to electronic information, three to biomedicine, and two to modern services.
The Jinwan Industrial Development Conference is held on May 7 [Photo by Zhang Zhou / Zhuhai Daily]
Established in 1997, Shenzhen-based Sunwoda Electric Vehicle Battery now ranks first globally in smartphone battery market share. It will invest 12 billion yuan ($2 billion) to build an 800-mu (132-acre) new energy production base for the testing and production of power and energy storage batteries, with an annual production capacity of 30 GWh. Upon operation, it is projected to generate an annual output value of 24 billion yuan ($4 billion).
Industrial carriers, such as incubators, accelerators, and talent cultivation bases, with floorage of 3 million sq m (741 acres) will be built by seven industrial carrier enterprises, including Hengqin Financial Investment, Shenzhen Capital Group, China State Construction International Investments, and China Construction Engineering (Macau), with investment of over 24 billion yuan ($3.6 billion).
Zhuhai Aviation City & Airport Group, Huafa Group, Gree Group, and Guangdong Electric Power Development will invest 123.5 billion yuan ($18.4 billion) in Jinwan, involving areas of industrial park development, municipal supporting facility construction, industry attraction, innovation finance, real estate investment, as well as the investment, construction, and operation of factories.
Hongqi Town signed a 15-billion-yuan deal ($2-billion) with Zhuhai Xingge Urban Development to renovate and upgrade local old industrial parks and build 1 million sq m (247 acres) of standard factories.
More State-owned enterprises will be attracted to support facility construction of industrial parks and related projects in Jinwan, especially those concerning local residents' living.
The district is also striving to introduce over 100 projects with a single investment of over 100 million yuan, lay out 108 major industrial projects, and attract 30 billion yuan ($4 billion) in total project investment in 2022.
In addition, nine policies adhering to the principle of "industry first" were released during the meeting. They offered guidance for Jinwan's future rapid industrial development from aspects like finance, land, and industrial parks.
According to a framework document, the district will accelerate building industrial clusters for the new energy, new materials, biomedicine, high-end printing equipment, and integrated circuits industries. The number of industrial enterprises above designated size in Jinwan is expected to surpass 1,000 with output value of 400 billion yuan ($60 billion) by 2025, while the number of local hi-tech companies will be increased to 900.