West Hongqiao: A thriving hub for green electric transportation

Located within the West Hongqiao Area, the State Power Investment Co Ltd, one of China's top five energy generation groups, has spent over 4 billion yuan ($553.41 million) to establish a headquarter for its green electric transportation business.

This headquarter will serve as the hub for the company's technological research and development, and financing and leasing activities.

State Power Investment's subsidiary, Qiyuan Green Power, operates businesses specializing in battery-swapping stations and electric heavy-duty trucks. It has achieved global recognition as a unicorn enterprise due to the policies and support provided by the West Hongqiao Area.

With the support of industrial leaders like Qiyuan Green Power, the West Hongqiao Area is striving to accelerate technological research and development, as well as the industrialization of "green electric transportation".

Additionally, the area is planning to offer favorable policies and services to companies operating in the fields of green energy, spatial information, intelligent manufacturing and the digital economy.