On the morning of May 2, 2024, Xinghua Economic Development Zone held a grand opening ceremony for the new power system and energy storage equipment manufacturing project of its thick Jiangsu Energy Technology Co., Ltd. The total investment of this project reaches 1.52 billion yuan, covering an area of 149 acres. It is planned to build new production workshops, experimental buildings, administrative buildings, and other buildings with a total area of about 100000 square meters, and introduce over 3000 sets of automated and intelligent production equipment. After the project is expected to be completed, it will have an annual production capacity of 300 sets of prefabricated intelligent substations and 300 sets of prefabricated energy storage systems. It is expected that the annual sales revenue will exceed 1.6 billion yuan, and the tax amount will exceed 100 million yuan.

Intelligent substations and power storage systems are indispensable and important support for the development of new energy sources such as photovoltaics and wind energy. The smooth commencement of construction of this thick project marks a new breakthrough in emerging industries such as new energy in our city, which is of great significance for accelerating the implementation of new quality productivity industry layout and promoting industrial transformation and upgrading.

Wang Yong, Director of the Development Zone Management Committee, stated at the groundbreaking ceremony that he will take the commencement of his thick projects as an opportunity to further strengthen research on new quality productivity, improve work goals, focus on the construction of characteristic industrial areas, revitalize inefficient land, comprehensively optimize service guarantees, continuously strengthen the construction of park carriers, promote the momentum of high-quality development, continuously expand the total economic output, and increase contribution shares.

Tang Mingqun, Chairman of Qihou Jiangsu Energy Technology Co., Ltd., promised in his speech that Qihou Electric will take this industrial base as the starting point and continue to invest in the development and construction of wind, solar, storage, and green energy in Xinghua City, building an industrial chain with green energy development as the core. The company has set clear revenue targets, with plans to achieve an annual revenue of 5 billion yuan and a tax revenue of 300 million yuan, and aims to achieve an annual revenue of 1.5 billion yuan within three years. The company will be committed to promoting the high-value development of the industrial chain, shaping a complete and high-quality industrial operation chain, and striving to build the strongest and most comprehensive one-stop energy service platform in Xinghua region, making greater contributions to industrial optimization, regional employment, and economic development.

The commencement ceremony of this project followed the principle of frugality, did not add any extra burden to the enterprise, did not build a podium, and did not fire salutes. Only leaders and partners related to the project were invited to participate. The entire activity was simple and efficient, fully demonstrating a pragmatic and efficient work style.Editor/Cheng Liting