SND welcomes flurry of new energy vehicle projects

The Suzhou New Energy Vehicle Industry Innovation Cluster Promotion Conference witnessed the contract-signing or ground-breaking of 142 new energy vehicle projects worth 91.6 billion yuan ($13.27 billion) on Jan 2.

The conference was held in Taicang, a county-level city of Suzhou. Local officials of Suzhou New District were in attendance.

From January to November 2022, the 1,006 enterprises in Suzhou's automobile industry generated an output value of 438.2 billion yuan, a year-on-year increase of 15.2 percent. The 284 new energy vehicle-related companies in the city had a total output value of 174.9 billion yuan.