Business
A trade delegation from Scotland visited Binhai High-Tech Zone, Tianjin, from Oct 19 to 21. Tianjin and Scotland will strength cooperation on industrial chains of new energy vehicles.
During the visit, Tianjin and Glasgow, the biggest city and the largest business port in Scotland, signed a memorandum of understanding on economic trade cooperation and a letter of intent for cooperation in lightweight new energy automobiles and research on graphene batteries.
In recent years, the Tianjin High-tech Zone has been creating a domestically leading electronic vehicle industrial ecological environment. Wang Wei, deputy director of the Administrative Committee of the Tianjin High-tech Zone, said the high-tech zone has gradually completed an entire new energy vehicle automobile industrial chain.
He mentioned that Boston Power, a company owning a top battery manufacturing technology, will settle at the high-tech zone in the very near future, bringing a 6 billion yuan ($887.44 million) investment.
In terms of the automobile manufacturing industry, the zone has welcomed a program of Huatai Motor and obtained intellectual property rights to the program’s entire chain.
Wang stressed that the zone intends to make full use of its advantageous resources to expand industrial chains and establish a "Made in China 2025" new energy auto industrial innovation-driven center.
He predicted that by the end of China’s 13th Five Year Plan, the Tianjin High-tech Zone could gain investment of nearly 80 billion yuan ($11.8 billion) in the new energy vehicle industry, with an output value of one trillion yuan. Meanwhile, research and development, key compounds supply, vehicle manufacturing and infrastructure support systems will also be improved.
