On January 28, Changzhou held a new energy capital construction promotion 
conference, with a total investment of over 47 billion yuan, and a total of 15 
major new energy industrial projects were signed and settled. At the meeting, 
10 important policies were formulated around the four aspects of industrial 
development, technological innovation, promotion and application, and 
ecological construction, and proposed the following goals: by 2025, the scale 
of the new energy industry will exceed one trillion yuan, and the market value 
of the new energy of Changzhou sector in the capital market will exceed one 
trillion yuan, according to the Information Office of Changzhou Municipal 
People's Government.

Chen Jinhu, Secretary of the CPC Changzhou Municipal Committee, said that the 
promotion meeting was determined to build a new energy capital that leads the 
Yangtze River Delta, radiates the whole country, and has global influence.

As the birthplace of modern industry, Changzhou has always adhered to the 
unshakable development philosophy of establishing a city through manufacturing, 
strengthening the city through industry, and prospering the city through 
high-quality. Changzhou has the most complete industrial system among similar 
cities. In 2022, Changzhou added 5 new energy companies with a total of 10 
billion. By 2025, the scale of the new energy vehicle and core components 
industry will exceed 700 billion yuan, the scale of the photovoltaic industry 
will exceed 200 billion yuan, and the scale of the power equipment industry 
will exceed 150 billion yuan.

Changzhou currently has R&D platforms such as the Trina Solar State Laboratory 
and the Changjiang Triangle Physics Research Center of the CAS; Shangshang 
Cable has repeatedly filled the gap in the field of nuclear-grade cables in the 
world. Since 2019, the compound annual growth rate of patent applications of 
new energy has been 39.7%, ranking among the top in the country.

In 2022, Changzhou attracted 200% more doctoral talents than 2020, and nearly 
30% more master's talents. The new energy automobile industry alone has 
attracted nearly 6,000 talents. 

Chen Jinhu said that the manufacturing industry is Changzhou's feature, 
advantage, and competitiveness. Changzhou will support the continuous rise of 
the city's energy level with the all-round rise of the capital of new energy, 
and demonstrate Changzhou's strengths, value and responsibility.

Source: Information Office of Changzhou Municipal People's Government