Wuhan Tianyuan Environmental Protection Co in the Wuhan Economic & Technological Development Zone. [Photo/WeChat account: whkfq]
The Intelligent Connected and Electric Vehicle Industrial Park in the Wuhan Economic & Technological Development Zone (WEDZ) is making significant strides in next-generation automotive, new energy, new materials, and intelligent manufacturing industries.
Six months ago, Lotus NYO, based in the park, became the first automotive brand in WEDZ to list on the NASDAQ this year.
A Lotus NYO representative noted that the park offers rich resources, convenient transportation, and insightful planning, which support Lotus's long-term growth in electrification and intelligence.
The park has also compiled a directory of nearly 100 parts companies, created a park enterprise handbook, and utilized the EVschain platform for on-site supply and demand matching.
A park staff member highlighted that Wuhan IHI New Energy Vehicle Co, a subsidiary of Japan's IHI Corporation, set up its parts plant next to Lotus NYO, enabling a next-door supply model.
The park also offers one-to-one services to enterprises, particularly during critical phases such as preparing for an initial public offering and constructing corporate headquarters. Wuhan Tianyuan Environmental Protection Co is one of the beneficiaries of these services, having received assistance in attracting talent, according to a representative from the company.
The park is curently home to over 800 enterprises, gradually forming a modern industrial development pattern centered on new energy and intelligent connected vehicles. This is supported by hydrogen energy, new materials, and health industries, with intelligent construction and production services as additional pillars.
In recent years, the park has focused on attracting major projects and advancing key engineering initiatives, leading to continuous improvements in economic scale and development quality. It achieved an industrial output value of 53.5 billion yuan ($7.50 billion) in 2023, a 126 percent increase from the previous year.
