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CHANGZHOU, China, Oct. 13, 2023 /Xinhua-AsiaNet/--

The 2023 China Changzhou International Forum on Science and Technology &

Foreign Trade and Economic Cooperation opened on October 8, marking the 18th

consecutive year of this event. The forum's theme this year is "Opening Up and

Unleashing Our Energy for Greater Innovation". It aims to connect domestic and

international economic, technological, industrial, and talent resources to

accelerate Changzhou's transformation into a capital of new energy.

12 fund projects were signed; 18 industrial and technological innovation

projects were signed, with a total investment of nearly 55 billion yuan, among

which 10 were related to the new energy industry, with a total investment of 31

billion yuan, according to the Organizing Committee.

Changzhou has set its sights on becoming the "Capital of New Energy" and has

actively developed the new energy industry, unleashing new green potential.

From January to July, large-scale enterprises in the new energy manufacturing

sector achieved a total output value of 404.22 billion yuan, marking a 23.3%

year-on-year growth. From January to August, more than 200 new energy projects

were initiated, with a total investment exceeding 90 billion yuan. Exports of

"New Three" products, including electric vehicles, lithium batteries, and solar

cells, reached 21.61 billion USD, a 17.1% increase.

Changzhou has also established a 5-billion-yuan New Energy Industry Investment

Fund to attract investments in all aspects of the new energy industry chain,

innovation chain, talent chain, and capital chain. The 10 new energy projects

signed during the opening ceremony will play a pivotal role in advancing the

direction of photovoltaic development, with a focus on new energy storage,

boosting the overall scale and quality of industries in fields like new energy

vehicles and core components, intelligent connected vehicle software and

hardware products, and high-end automotive electronics. These efforts will

further drive the continuous growth of Changzhou's industrial clusters.

A group of leading companies in the field of new energy have accelerated the

growth of a number of new energy projects, extending the "longboard" of the new

energy industry in Changzhou.

Over the years, Changzhou has vigorously promoted all-round and high-level

opening up to enhance its level of international development. During the

opening ceremony, more than 300 domestic and foreign business guests attended

in person, with the number of foreign guests exceeding 30% of the total

attendees. Among them were executives from Fortune Global 500 companies,

multinational corporations, and renowned companies. Throughout this year, more

than 60 CEOs from multinational companies have visited Changzhou. Their

actions, including inspecting factories, assessing project operations,

attending new project and production line launch ceremonies, and discussing

capital increase and production expansion, have demonstrated their trust in

Changzhou through practical actions.

Source: China Changzhou International Forum on Science and Technology & Foreign

Trade and Economic Cooperation Organizing Committee