00:00 Dubbed as a "capital of new energy," Changzhou City, East China's Jiangsu Province, reported
00:07 a regional gross domestic product of 1.01 trillion yuan in 2023, up 6.8% year-on-year.
00:16 As a manufacturing hub in the Yangtze River Delta, the city has magnetized a thriving
00:21 cluster of top-notch battery and new energy vehicle makers, infusing robust momentum into
00:27 its economic growth.
00:29 The output value of the new energy industry in the city reached about 768 billion yuan
00:35 last year.
00:37 Data show that the industrial chain integrity of power batteries in Changzhou has reached
00:43 97%, ranking first in China, and the output accounts for 20% of the country's production
00:50 capacity.
00:51 The city also contributes to 10% of China's made photovoltaic cells and modules.
00:58 In 2023, it produced more than 700,000 NEVs, accounting for 70% of those made in Jiangsu.
01:06 Plenty of foreign-funded companies in new energy have also settled in Changzhou and
01:11 benefited from the local industrial chain.
01:14 "The local community, the municipalities, the companies that have managed this productive
01:23 area, and the general population, because there are many companies, have been very appreciative
01:29 and have convinced us that this was the right place.
01:32 Many professionals in this sector, many young people who were studying, certainly in favorable
01:36 economic conditions."
01:37 "We have been starting up this plant in 2011.
01:40 At that time we were starting up here in Changzhou because our customers were heading towards
01:47 China and we followed them into this market."
01:50 "Changzhou is the perfect city for manufacturing, all the ingredients to design a location to
01:58 be able to scale manufacturing very quickly.
02:00 I sure do, yeah, and we want to be a very large part of that, of Changzhou's new energy
02:05 region."
02:06 "We found that Changzhou is a very important manufacturing and production base in China.
02:11 At the same time, we see that Changzhou has a lot of layout behind the lighthouse, wind
02:16 power, battery, and metal.
02:17 We are now looking for a place where we can work together."
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