NETDA secures more major tech ventures

The corporate sign for Shanghai Electronic Gotion New Energy Technology (Nantong) Co Ltd. [Photo provided to NETDA]

The Nantong Economic & Technological Development Area or NETDA – located in Nantong city, in  East China's Jiangsu province – is striving to develop a top-flight business environment through preferential policies, low costs, high efficiency and superior services.

This is expected to facilitate the high-quality development and investments of various corporate ventures and entrepreneurs in the area. As a result, high-end intelligent manufacturing corporate ventures and entrepreneurs have decided to invest in the NETDA.

Shanghai Electronic Gotion New Energy Technology (Nantong) Co Ltd, which was established in December 2017, is one of them.

It utilizes its manufacturing technology, resources and experience in the field of energy equipment and power batteries. The company is focused on advanced energy storage lithium battery materials, batteries and integrated industry supply chain layouts and is committed to advancing lithium batteries energy storage systems, product developments, sales and service.

"What we apply is domestic advanced production lines and process equipment for automatic manufacturing. We only need roughly 300 workers for a workshop of 60,000 square meters," said Su Lu, the production director.

Gotion has completed its initial investment of 1.5 billion yuan ($231.9 million) in the NETDA. At present, the production capacity is more than 20,000 pieces per day and the single-step process pass rate is more than 99 percent, with reportedly good overall quality.