PR99523

CHANGZHOU, China, Feb. 1, 2023 /Xinhua=KYODO JBN/--

On January 28, the first meeting after the Spring Festival in Changzhou City

clearly proposed to build a new energy capital. With a total investment of more

than 47 billion yuan, a total of 15 major new energy industry projects have

been signed and settled. A series of policies and measures have been

introduced, focusing on the four links of "generate, store, transmit, and

apply", to increase the scale of the new energy industry and to make market

value of the capital market above "two trillion yuan" by 2025, according to the

News Center of Changzhou New Energy Capital Construction Promotion Conference.

Three years ago, in the movie Pacific Rim, many people were astonished that the

giant fighter Crimson Typhoon was made in Changzhou. Why Changzhou? Now,

Changzhou gives the answer with strength. Changzhou is well-known for its

advanced manufacturing industry. The number of national-level manufacturing

individual champions and industrial awards leads similar cities in China.

In terms of economic aggregate, Changzhou will be China's next new

trillion-dollar GDP city. When it comes to per capita GDP, Changzhou has long

been among the top ten. People like Changzhou for the park as China Dinosaur

Park and Oriental Salt Lake Resort. The locals are good at making money with

creativity. Now, Changzhou is aiming at a new track: the future global capital

of new energy.

More than ten years ago, Changzhou had already deployed new energy in many

fields. At present, Changzhou's new energy industry agglomeration has reached

the fifth place in China. CATL, SK, CALB, and SVOLT, four leading companies of

power battery are all set in Changzhou. The power battery drives the

accumulation of the vehicle. With the arrival of Li Auto and BYD, the

production and sales of Changzhou NEVs achieved over 340,000 vehicles in 2022.

Energy storage and hydrogen energy are also the focus of Changzhou's efforts.

In 2022, the Changzhou Jintan salt cavern compressed air energy storage project

was completed and put into operation. This is the only national project in the

field of compressed air energy storage and the world's first non-combustion

compressed air energy storage power station. Changzhou people believe that

hydrogen energy will be today's lithium battery, and they will lead the future.

Source: News Center of Changzhou New Energy Capital Construction Promotion

Conference