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Chongqing - Chongqing Municipal Bureau of Investment Promotion and Facilitation has collaborated with eight western districts of Chongqing to launch an investment promotion pilot program, according to a press conference on August 18.
The districts of Jiangjin, Hechuan, Yongchuan, Dazu, Bishan, Tongliang, Tongnan, and Rongchang work together to advance the Chengdu-Chongqing economic circle. The pioneering approach will be implemented initially and extended citywide based on the experience gained.
Zhou Bo, director of the Chongqing Municipal Bureau of Investment Promotion and Facilitation, outlined five aspects of integrated investment promotion pilots: industrial distribution, project attraction, investment policy, information sharing, and organizational support.
▲Eight districts in western Chongqing united with the eight cities in Sichuan to create a world-class advantageous industrial cluster. (Graphics/ Chen Zhan)
In the first half of the year, the western Chongqing area saw impressive economic development, with a contract value of 279.9 billion yuan (about 38.42 billion U.S. dollars) and funds secured, amounting to 52.5 billion yuan.
As for the latter half of the year, a focused push will be to deepen investment promotion interactions in the Chengdu-Chongqing economic circle. Efforts will be made to unite the eight districts in western Chongqing and the eight cities in Sichuan, including Zigong, Luzhou, Suining, Neijiang, Yibin, Guang'an, Dazhou, Ziyang, to create a world-class advantageous industrial cluster.
The western Chongqing area is gearing up to build a world-class intelligent connected new energy auto parts industry base. This endeavor will focus on three key development directions: new energy, intelligent networking, and traditional systems.
It will encompass the creation of 12 assemblies, such as electric drives, intelligent cockpits, chassis, and batteries, along with 56 component types, including high-precision maps and smart lighting.
▲The Chongqing western area is gearing up to build a world-class intelligent connected new energy auto parts industry base. (Graphics/ Chen Zhan)
Yang Zixuan, deputy director of the Chongqing Municipal Bureau of Investment Promotion and Facilitation, explained the strategic focus of each district. For instance, Jiangjin District prioritizes the development of electric drives, electric steering, and smart cockpits, while Yongchuan District concentrates on smart cockpits, intelligent driving, and car control systems.
Yang highlighted a significant industrial opportunity for enterprises investing in Chongqing, facilitated by the city's robust market and substantial vehicle production capacity.
Chongqing demonstrates its vehicle production expertise with a 70% localization rate for traditional vehicles and about 30% for new energy vehicles. The potential collaboration between parts and components creates a promising market for specialized firms in the automotive sector.
