中文|日本语|Français|Deutsch
Home > Investment Guide  >  Policies
Policies

Auto Valley establishes 30m-yuan reward for high-quality firms

en.whkfq.gov.cn | Updated: 2022-03-21

经济高质量发展大会.jpg

WHDZ's high-quality economic development conference is attended by senior government officials of the zone, as well as representatives of firms and other entities based in the zone. [Photo provided to en.whkfq.gov.cn]

The 2021 Auto Valley Top 100 Firm Achieving High-Tech Development List was released at the high-quality economic development conference of Wuhan Economic & Technological Development Zone (WHDZ) on March 18.

Awards worth 30 million yuan ($4.7 million) were established to support companies which perform well in terms of tax contributions, industrial progress, innovation, talent recruitment, outstanding contributions, modern services, business and investment promotion, commerce and trade, production security, and social responsibility.

The annual innovation award was granted to the Dongfeng Motor Corporation Technical Center, SiEngine Technology Co, and eight other high-tech enterprises and scientific research institutes.

Addressing challenging situations last year, such as the Delta variant of COVID-19, shortage of chips, and natural disasters, the zone also introduced four 10-billion-yuan major programs invested in by Dongfeng Honda Automobile Co, XPeng Motors Co, China Lithium Battery Technology Co, and Geely Group Co, respectively.

The zone achieved a two-digit growth in economy, with both its industrial output and foreign investment utilization in actual use ranking high in Wuhan, which has to a great extent stabilized the zone's economic fundamentals.

A goal was set at the meeting: by 2025, the zone's GDP should hit 400 billion, with the numbers of population and market players to reach 1 million and 150,000, respectively.

WHDZ will strengthen its forward-looking layouts, and focus on project promotion, technology development, product innovation, and market expansion in a targeted manner, and find new edge by making full use of industrial internet, big data, blockchains, and artificial intelligence.