Statistics of the economic performance of Beijing E-Town in the first quarter was released recently. 

The output value of high-end and new-energy vehicles industry in the first quarter reached 61.38 billion yuan ($8.86 billion), a year-on-year increase of 1.9 percent. The robot and intelligent manufacturing industry had an output value amounting to 17.44 billion yuan, an increase of 8.7 percent year-on-year. Forty-seven new growth enterprises in the manufacturing industry achieved a total output value of 1.72 billion yuan, a year-on-year increase of 26.6 percent. And the total amount of local revenue ranks fifth in Beijing.

A bird's-eye view of Beijing E-Town [Photo/beijingetown.com.cn]

As a representative of the high-end and new energy vehicles industry, the output value of Faurecia (Beijing) in the first quarter increased by 47 percent compared with the same period last year.

Gou Lizheng, general manager of CISDI Electric Technology Co, introduced that," since the beginning of this year, we have been promoting market development, research and development, production, and other aspects. The output value in the first quarter increased by 35 percent year-on-year." The company's excellent performance is just a microcosm of the robot and intelligent manufacturing industry in Beijing E-Town, he added. 

In the field of biotechnology and health industries, Beijing E-Town stimulated the internal dynamics of the industry, sought new economic growth points, encouraged mature enterprises to increase production, and assisted growing enterprises in achieving steady market growth.

Guo Qian, founder and chairman of KeYi Medical Device, mentioned that the company's orders in the first quarter have surged, driving the output value to exceed 30 million yuan, more than twice that of last year. 

The output value of the new generation of information technology industry in Beijing E-Town reached 30.91 billion, basically flat compared to last year.

As a representative of the new growth enterprises, Futurus achieved a total output value of 44.51 million yuan in the first quarter, far exceeding expectations. 

When asked about the reasons behind this, the head of the company explained: "Since the beginning of this year, the impact of the epidemic has gradually weakened, the supply chain has been unblocked, and the company has expanded its new production line. We worked overtime to complete the production and provide production capacity guarantee to achieve our goals. More importantly, Beijing E-Town has provided various supports to us, such as obtaining subsidies for resuming work and production, rental subsidies for talent-initiated enterprises newly entering the area, loan interest subsidies, and rent reduction and exemption, with a total subsidy of nearly 3 million yuan."

In addition to output value, several indicator data in the first quarter of Beijing E-Town are impressive. 

Among them, the information service industry achieved revenue of 15.2 billion yuan, a year-on-year increase of 18.4 percent, ranking fifth in the city; the completed fixed asset investment amounted to 21.83 billion yuan, a year-on-year increase of 6.9 percent; local revenue reached 11.22 billion yuan, a year-on-year increase of 5.8 percent, exceeding the city's average growth rate by 3.1 percentage points, and the total amount of local revenue ranks fifth in the city, with the highest growth rate among the top five.

Behind the impressive data is Beijing E-Town's continuous efforts to provide support and effective measures to promote economic growth. The area has taken a series of measures to boost economic growth, including funding and policy support, encouraging leading enterprises to drive development, and guiding enterprises to growth, according to Beijing E-Town.

Since January, Beijing E-Town has invested a total of 30 million yuan in supermarket consumer vouchers and conducted group-buying activities for automobiles to stimulate consumption. 

It has also guided 234 companies to achieve growth, and visited 889 key enterprises, addressing 176 practical demands related to employment and financing, and making every effort to promote the steady and sound development of the entire area.