Guiyang, Guian sign 22 projects online in Q1

The Guizhou Provincial Investment Promotion Bureau held an online signing ceremony on March 28. A total of 217 projects were signed during the first quarter of this year, involving over 100 billion yuan ($15.73 billion) in investment. Among them, 22 with a combined 27.18 billion yuan in investment are based in Guiyang and Guian New Area, while 11 involve the secondary industry and 11 involve the tertiary industry.

In response to recurring COVID-19 outbreaks, Guiyang has applied many types of big data technology that allow business contracts to be signed without the physical presence of involved parties.

One of the projects is a 1-billion-yuan factory that will produce aluminum shells and covers for lithium batteries. It is invested in by Anhui Lixiang Battery Technology Co and will be established in the Guian-Qingzhen Coordinative Industrial Park.

The project will consist of 16 aluminum shell production lines and 25 aluminum cover production lines, and is expected to have an annual output of 2 billion yuan, which will generate 70 million yuan in tax revenue.

The manufacturing center will have a significant impact on industrial chains in Qingzhen city, according to an official from the Guiyang bureau of investment promotion.