Rapid industrial development drives economic growth in Tongzhou

Tongzhou district in Nantong, Jiangsu province, witnessed rapid growth in its industrial sector during the first half of the year, with an increase of 12.8 percent year-on-year in the output value of industries above designated size.

During this period, the district focused on cultivating new growth drivers and exploring new avenues for industrial development.

As a result, it attracted a cluster of leading enterprises and innovative projects, particularly in the fields of energy storage and automotive electronics. Among them is Nantong Jianghai Capacitor Co Ltd, a high-tech enterprise engaged in the research, development, production and sales of capacitors and their materials and instruments.

The company's subsidiary, Jianghai Energy Storage Technology Co Ltd, currently boasts a daily production capacity of about 490,000 supercapacitors.

The company has also collaborated with Suzhou King Long Bus Company to produce lithium-ion supercapacitors, which are safer, longer-lasting, and offer faster charging and discharging capabilities compared to traditional lithium batteries. These lithium-ion supercapacitors are expected to commence later this year.

Due to rapid industrial development, Tongzhou achieved a GDP of 88.05 billion yuan ($12.32 billion), with a growth rate of 7.8 percent year-on-year.

An aerial view of the Tongzhou district. [Photo/WeChat account: wxtzfb]