[Ferro-Alloys.com]

  On December 30, Xugong Tsingshan, a new energy industry base successfully signed a contract, with a total investment of about 5.5 billion. Xugong has made new strides in the layout of new energy automobile industry!

  The total investment of Xugong Tsingshan new energy industrial base project is about 5.5 billion yuan. At present, it is planned to be located in the Fifth Industrial Park of Xuzhou High-tech Zone, covering an area of about 1000 mu. The first phase investment is 2.5 billion yuan, covering an area of about 500 mu. It is estimated that the annual sales revenue will be 10 billion yuan and the annual tax revenue will be about 200 million yuan.

  The base is mainly engaged in the R&D, production, sales and service of new energy vehicle, power battery (cell, battery pack), motor electronic control system and other parts.

  In recent years, Xuzhou has made remarkable achievements in industrial, urban and ecological transformation, which has laid a very good foundation for the current and long-term development of Xuzhou. Xuzhou High-tech Zone is an important part of Xuzhou, with excellent industrial foundation, business environment, service support and other conditions.

  It is expected that all parties will take this signing as an opportunity to better realize the strong alliance and win-win situation, deepen communication and docking, expand cooperation achievements, enhance the ability of factor agglomeration and radiation, speed up the construction of new energy industry system, and continuously promote the higher quality development of Xuzhou.

  After more than 30 years of development, Tsingshan group has become the world's largest producer of stainless steel and nickel. In recent years, it has also made great achievements in the research and development of new energy batteries. Tsingshan group will rely on the high-quality business environment of Xuzhou High-tech Zone, complement each other's advantages and carry out extensive cooperation with all parties including XCMG, so as to boost green development.

• [Editor:Catherine Ren]