Hangzhou Bay New Zone Endeavors to Become “Dragon Bay” in China

Category: Ningbo District
Published: Friday, 01 June 2018 18:33

Ningbo Hangzhou Bay New Zone will invest 50 billion yuan to build itself into a “Dragon Bay” that is as good as the “Wolfsburg” of Germany in eight years. The 2018-2025 Development Plan for Automobile Industry in Hangzhou Bay New Zone, officially published on the first Dragon Bay Forum held at Hangzhou Bay New Zone on May 29th, sounds the clarion call to march into the global automobile science and technology revolution.

It is reported that the zone will invest 50 billion yuan to promote the automobile industry and give all-dimensional support to enterprises, projects and talents settled in the zone in the forthcoming eight years with priority given to “Made in China 2025” pilot city construction. It will endeavor to be a global hub for new energy and intelligent connected vehicles manufacturing, a world-renowned automobile technology R&D center as well as a destination for worldwide known automobile brands to settle in by 2025. Meanwhile, it aims to reach a production capacity of 2 million vehicles with a total output value of 400 billion yuan and 500,000 new energy

vehicles, and to have automobile R & D personnel of all sorts exceed 60,000 people and intelligent connected vehicles be completely automatic. Also, it is its target to develop ten globally famous automobile brands with its production and marketing scale ranked top eight in the world and about ten brands of automobile core components, and to attract more than 40 world top 100 automobile parts brands