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Auto Valley's investment promotion exceeds H1 targets

en.whkfq.gov.cn | Updated: 2022-08-22

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The signing ceremony of the 2022 China Auto Supply Chain Conference and the first China New Energy Vehicle and Intelligent Connected Vehicle Ecosystem Meeting are held. [Photo provided to en.whkfq.gov.cn]

In January this year, the Wuhan Economic & Technological Development Zone (WEDZ) signed an investment contract with Dongfeng Honda Automobile Co to establish a new energy workshop project in WEDZ. It was another major project for the zone after projects with VOYAH and Lotus.

Over the first half of this year, the zone has already fulfilled its annual targets in terms of total investment, the number of industrial projects worth more than 10 billion yuan ($1.48 billion), and the number of export-oriented industrial programs.

In addition, about 99.7 percent of the target for foreign investment in actual use has been achieved.

This year, WEDZ has been committed to holding a series of national and provincial automobile-themed conferences, including the 2022 China Auto Supply Chain Conference, the first China New Energy Vehicle and Intelligent Connected Vehicle Ecosystem Meeting, and the China Auto Blue-Book Forum, creating a strong investment promotion atmosphere and strengthening the branding of WEDZ.

With assistance from various industrial think tanks, the zone has coordinated with more than 200 core auto part suppliers and sent officials to tour key domestic areas for site research. These activities have also attracted a large number of investors.