The 2024 New Energy Industry Development Conference & Invest in Changzhou Conference took place on September 26, bringing together academicians, experts, domestic and international business representatives, and financial institutions to discuss collaboration and development.
Themed “Connect to the World Through Energy, Invest in Future Development,” the conference was divided into two sections: “New Energy” and “New Tracks.” It addressed the challenges of new energy development and explored mutual investment opportunities in Changzhou, collectively promoting high-quality growth in the sector. Keynote speeches were delivered by Xiong Jijun, vice minister of the Ministry of Industry and Information Technology; Chen Zhongwei, vice governor of Jiangsu Province; and Chen Jinhua, secretary of the CPC Changzhou Municipal Committee. Mayor Sheng Lei presided over the event.
A total of 42 representative projects were signed, securing an investment of 39.7 billion yuan, including nine foreign-funded projects valued at 1.16 billion US dollars. Changzhou has built a comprehensive industrial ecosystem in the new energy sector, encompassing generation, storage, transmission, application, and interconnection. From January to August this year, the city produced nearly 680,000 electric vehicles (EVs), leading the nation in investment enthusiasm. Its solar photovoltaic industry ranks among the largest in China, and the completeness of its EV battery industry chain stands at 97 percent—the highest in the country—significantly contributing to the sector's high-quality development.
Recognized as China's New Energy Capital, Changzhou's commitment to building a world-class new energy industry cluster reflects its adaptability to changing circumstances, enhanced capabilities, and accelerated progress in industrial modernization. This vision represents the future of China’s new energy industry, showcasing a green, efficient, innovative, and collaborative industrial image, thus shaping a vibrant New Changzhou.
Since 2022, the Hurun Research Institute has published a list of cities with high concentrations in the new energy sector. At the conference, the Hurun China New Energy Cities 2024 list was unveiled, with Changzhou ranking third and maintaining its lead in investment enthusiasm for three consecutive years. Four new energy enterprises from Changzhou have also made it onto the global unicorn list.
In the latest Hurun Global 500, five companies related to new energy were featured, three of which are Chinese: CATL, BYD, and Li Auto, all of which have invested in Changzhou. Significant projects, such as ArcelorMittal’s New Energy Magnetic Materials (NEMM) project and a 3 billion yuan component base project by Li Auto, are currently underway.
During the conference, 30 enterprises were recognized for their significant contributions to Changzhou's social development, industrial upgrading, foreign trade, and technological innovation. To foster a welcoming environment, Changzhou also launched a multilingual guide for foreign personnel.
In today's world, green, low-carbon, and sustainable development are essential. Changzhou is implementing a series of strategic collaborations, innovation platforms, and national events to promote industrial integration and innovation. The second Energy Electronics Industry Innovation Competition was launched on-site, alongside the signing of a strategic cooperation agreement to support the city's new industrialization. The Jiangsu Advanced Power and Energy Storage Battery Technology Innovation Center was also inaugurated.
Changzhou aims to enhance its industrial development capabilities and cultural soft power while actively promoting an integrated "Vehicle-Energy-Road-Cloud" industrial ecosystem. The city is rolling out pilot projects for near-zero carbon parks and smart microgrids, encouraging the development of new business models such as virtual power plants and load aggregators, and striving to become a national carbon peak pilot city.
Looking ahead, Changzhou will expand its new energy landscape, accelerate entry into smart networking and low-altitude economy industries, and unveil investment opportunities in nine fields, including synthetic biology, new energy vehicles, and hydrogen energy.
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