Wuhan Q1 investment project conference opens

The "Invest in Wuhan" Global Investment Promotion and Signing Conference for First-Quarter Projects kicks off on March 27. [Photo provided to en.whkfq.gov.cn]

On March 27, the "Invest in Wuhan" Global Investment Promotion and Signing Conference for First-Quarter Projects took place. Eleven major projects settled in the Wuhan Economic & Technological Development Zone (WEDZ), with a total signing amount of 29.7 billion yuan ($4.19 billion), ranking first in the city.

The signed projects cover areas such as new energy and intelligent connected vehicles, the digital economy, and optoelectronic information technology.

South Sagittarius Integration Co's intelligent products and services industrial base project, with a total investment of 2 billion yuan, will establish and expand multiple production lines in the zone. This expansion will achieve the independent research and production of intelligent connected products related to automotive intelligent driving, intelligent cockpits, and central control domains.

This will drive the research and industrialization of Dongfeng's vehicle network and intelligent core components. The project is expected to begin formal production in October this year, with full production capacity reached by January next year.

Xinzhi Group Co, a leading enterprise in new energy drive motors and the world's largest supplier of stator iron cores, will establish a digital factory for new energy vehicle (NEV) motor rotor and stator assemblies in Junshan New City of WEDZ. This facility will provide support to NEV manufacturers in Wuhan and its surrounding areas.