The global downward pressure on the automobile industry, severe COVID-19 outbreaks in China, and the automotive chip shortage have all posed severe challenges to the auto supply chain.
The Hurun Research Institute released a list of top 50 cities in China with the most intensive new energy industry. Wuhan in Central China's Hubei province ranked fourth on the list.
2022 has seen 11 foreign-funded automobile industrial chain projects carried out in WEDZ with investments totaling 21.42 billion yuan ($3.02 billion).
China's Central Hubei province recently rolled out a dozen policies to support the development of the hydrogen energy industry and sponsor all sections of the hydrogen energy industrial supply chain.
Wuhan Economic & Technological Development Zone (WEDZ) has become home to nine carmakers, 13 automobile manufacturing factories, and more than 500 long-standing auto component suppliers.
Data from the bureau of statistics of the Wuhan Economic & Technological Development Zone (WEDZ) on Oct 31 showed that from January to September this year, the zone reported 63.09 billion yuan ($8.69 billion) in fixed asset investment.
The third group of national advanced manufacturing clusters was issued by the Ministry of Industry and Information Technology on Oct 27.
A provincial meeting on the promotion of a 5G workshop application scenario was held in Wuhan Economic & Technological Development Zone (WEDZ), Wuhan, Central China’s Hubei province on Oct 20.
