Guiyang FTZ's 10 major Q1 projects start construction. [Photo/colorful Guizhou network]
Guiyang Free Trade Zone in Guiyang, capital of Southwest China's Guizhou province, started construction on 10 major first-quarter projects on Feb 13.
The 10 projects include four infrastructure projects and six industrial projects, which have a total planned investment of 3.67 billion yuan ($536.66 million), 166 million yuan of which will be invested in the first quarter of this year.
One of the projects is an R&D and lithium battery production project with an annual output of 500 million watt-hours. It will have a total investment of 50 million yuan and a peak annual output value that is expected to reach 400 million yuan.
A cross-border e-commerce data service center project will have a total investment of $80 million.
Another semiconductor industrial park project will have a total investment of 150 million yuan in 2023. The first stage of the project is expected to package test at least 2 billion chips per year after being put into operation. When the second stage of the project begins operating, it will produce about 10 million finished LCD screens annually.