After a heated sprint in the first quarter, two provincial "Thousand Projects Trillion Investment" initiatives—the annual production of 1.1 million automotive interior functional components and 1.3 million thermal management systems have reached 100% visual progress and entered trial production, injecting new momentum into the Qianwan New Area's auto industry.
Similarly, the Ningbo Guanshi Semiconductor Co., Ltd.’s Semiconductor Photomask Manufacturing Project, also part of the provincial "Thousand Projects Trillion Investment" initiatives, blossomed in Q1 this year with official production commencement. Notably, in less than two years, the project achieved over 1.5 billion yuan in industrial investment, with an effective investment intensity exceeding 20 million yuan per mu, setting a new Qianwan speed for the digital economy sector.
In February this year, the Qianwan New Area held a promotion conference titled "Industrial Innovation Leads, Industrial Investment Soars", sounding the annual charge for project investment and construction. A review of Q1 key project progress reveals a series of impressive figures, reflecting Qianwan’s dynamic practice of "industrial leadership and investment empowerment".
As the first successful case of "starting construction upon land acquisition" in Qianwan, Phase I of Fotile’s High-End Smart Kitchen Appliance Innovation Industrial Park is now in auxiliary works and equipment installation, with cumulative industrial investment reaching 870 million yuan and construction progress at 80%. "The project is expected to officially commence production in the second half of this year, enhancing Fotile’s new quality productivity and supporting Qianwan’s high-quality development," said a Fotile Group representative.
In Qianwan, "starting construction upon land acquisition" and "soaring industrial investment" form a virtuous cycle. The Longfa New Material Technology Co., Ltd., another beneficiary of the policy, launched Phase II expansion immediately after Phase I reached full production last October. The Phase II project will establish an annual production base for 30,000 tons of graphene-carbon nanotube composite conductive paste and other new carbon nanomaterials. Currently, some factory buildings have been topped out, with plans to achieve production this year and target annual output of 2.5 billion yuan at full capacity.
The Langwei Data Center Prefabricated Module Project, with a total investment of 1.5 billion yuan, completed piling work in just one month after being launched in Q1. "The products will mainly serve medium and large data centers like the Tencent Cloud, Alibaba Cloud, JD Cloud, and China Mobile Cloud and so on, with an estimated annual output value of 1.2 billion yuan upon reaching capacity," said the project leader.
From all directions, industrial investment is spreading like wildfire across Qianwan with the spring breeze, as multiple key projects near completion. For instance, Pharmaron’s Life Science Innovation Base has achieved 95% progress; Hanke’s annual 1.5 billion medical device production line has completed its main structure (90% progress), and the drug R&D service platform project has installed equipment (85% progress).
With industry as the foundation and manufacturing at the core, the Qianwan New Area is harnessing the immense power of industrial investment to propel itself into the ranks of China’s top-tier development zones. In Q1, the area completed 4.13 billion yuan in industrial investment, with an increase of 29.4% year on year. Among these, 9 provincial "Thousand Projects Trillion Investment" initiatives reported cumulative investment of 1.11 billion yuan, achieving 56.6% of the annual target, making it a leading rate citywide. This year, the area aims to break ground on 181 new projects, fulfill 70-billion-yuan investment, commission over 30 projects, and generate over 10 billion yuan in new output value.
