Major projects advance in Guian

The construction site of COFCO Coca-Cola Beverage Co's beverage factory in Guian. [Photo/Guiyang news network]

The construction site of the lithium battery material integration project invested by Hunan Zhongke Electric Co in Guian New Area, Southwest China's Guizhou province, is now full of excavators and other engineering machines. The project reportedly involves a total investment of 2.5 billion yuan ($393.5 million) and is expected to produce 100,000 metric tons of lithium battery materials and offer more than 1,600 jobs to locals after being completed.

Another project in Guian invested by COFCO Coca-Cola Beverage Co has also accelerated its construction pace. As the company's first workshop in Guizhou, the project is expected to begin operating by the end of April, with an annual production capability of 170,000 tons of mineral water.

In addition, CATL's power and energy storage cell manufacturing base for new energy vehicles, Nippon Paint China's western new material manufacturing base, and Cheery's manufacturing plant have all been advancing in an orderly manner.

Guian has also introduced a number of projects from Fortune 500 companies and statistics show that by Dec 20, 2021, the new area boasted 30.11 billion yuan in investment funds in place.

The Guian government will redouble efforts to attract more businesses, enhance the development of local industries and industrial parks, improve supporting infrastructure and optimize the business environment to offer better services to enterprises investing in the new area.