On April 29th, the NeoPark Smart Electric Vehicle Industrial Park officially commenced construction. Attendees included Li Jinbin, Secretary of the Anhui Provincial Committee, Wang Qingxian, Vice Secretary of the Anhui Provincial Committee and Governor, Deng Xiangyang, Executive Vice Governor of Anhui Provincial Government and Vice Chairman of Anhui Provincial Political Consultative Conference, Yu Aihua, Secretary of Hefei Municipal Party Committee, Guo Qiang, Secretary-General of Anhui Provincial Committee, Song Guoquan, Deputy Secretary of Anhui Provincial People’s Congress Standing Committee Party Group and Deputy Director, Li Xiuyuan, Vice Chairman of Anhui Provincial Political Consultative Conference, Luo Yunfeng, Deputy Secretary and Mayor of Hefei Municipal Party Committee, as well as Li Bin, Founder, Chairman, and CEO of NIO.
NeoPark is China’s latest Smart Electric Vehicle Industrial Park, and will serve as an innovative research and development base for the entire vehicle, core components, and self-driving technology. It will incorporate hundreds of key complementary enterprises, forming a strong industrial chain. The park covers a total area of 16,950 acres, including three areas: the Smart Manufacturing Area, Research and Development and Life Area, and Ecological and Cultural Area.
NeoPark adheres to the construction concept of green and sustainable development, and will contribute to the achievement of the carbon peak and carbon neutrality targets through low-carbon and efficient operation. The park will accommodate more than 10,000 R&D personnel and over 40,000 technical workers, striving to form an innovative highland for high-end talents.
Li Bin positioned himself as an investment consultant for this project and shared the park’s highlights:
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The concentration of the industry and the location advantages of the Yangtze River Delta will reduce logistics costs.
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Software competition will become an increasingly important aspect of the automotive industry. Hefei University of Technology has a clear advantage in software, and NIO has two core software personnel from this university.
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The more centralized and larger-scale industrial chain (with a total area of 11.3 square kilometers) is the world’s first and only one. Coupled with the efficiency and support from the Hefei government, there will be a good business environment.
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NIO will provide highly competitive salaries and housing subsidies, including a policy of three years of rent-free housing for college students. The college student’s Formula E permanent base will also be located here.5. 20% of the area will be left for greenery, and the park will become a tourist attraction. The entire park is green, low-carbon, and sustainable, with photovoltaic solar roofs, ground source heat pumps, and energy storage stations operating in a low-carbon manner. Sustainability, all circular economy recycling is carried out according to the highest standards.
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Although house prices in Beijing, Shanghai, Guangzhou, and Shenzhen are high, young people are still willing to live there because of their soft power. I hope to build Xin Qiao into a place suitable for R&D personnel and technicians to live.
With a loss of more than 10 billion in 2019 and the global pandemic starting in 2020, NIO was once at a loss. To survive, it sold equipment to Tesla and was rejected by local governments and car companies. However, on April 29, 2020, it signed a financing project worth 7 billion yuan with the “most powerful venture capital in China” Hefei government, and its stock price soared all the way, bringing the Hefei government billions of floating profits.
On February 4th of this year, Hefei Municipal People’s Government and NIO signed a framework agreement to deepen cooperation, and both parties agreed to jointly regulate. Today, this new project that has been officially unveiled can be seen from the size of the area, the degree of integration of production, education and research, investment intensity, government attention, and the height of production capacity goals. The official grand vision. So far, more than 1,000 NIO employees have settled in Hefei, laying a crucial foundation for the new bridge intelligent electric vehicle industrial park.
As the world’s first, under the cooperation of the Hefei government and NIO, how will such a new generation of giant automobile city develop? The complex network between major OEMs and suppliers will also be magnified and accelerated here. What kind of new ecosystem will Xin Qiao be? Let us wait and see. At the same time, this move will undoubtedly mean that NIO’s own production capacity will be expanded. In addition to the upcoming announcement of the export plan to Norway on May 6th, NIO’s future sales map and product line will also have new imagination space.
As a comparison, the area of the Xin Qiao intelligent electric vehicle industrial park is slightly larger than half of the Huangpu District in Shanghai, and the surrounding house prices are currently around 16,000 yuan per square meter.
🔗Source: NIO
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.