Twelve new energy projects worth 125.8 billion yuan in investments were signed in Wenzhou, a coastal city in East China's Zhejiang province, on April 28.
Wenzhou in East China's Zhejiang province recently released a 14th Five-Year Plan (2021-25) on the development of its digital economy.
Situated on the southeast coast of East China's Zhejiang Province, Wenzhou is known for its booming private sector.
An introduction on the key industries and their development direction, platforms in Wenzhou, East China's Zhejiang province.
The document summarized the province's prospective NEV industrial layout as "One Bay, One Belt, and Multiple Bases".
The new plant, which has an investment over 30 billion yuan ($4.63 billion), is expected to generate around 100 billion yuan in annual revenue by 2027, which means that it will become the city's largest factory measured by output.
Wenzhou Yueqing Electrical Industrial Cluster made the list of winners for the Contest for Advanced Manufacturing Clusters in China released by MIIT.