On June 10th, the People’s Government of Lu’an City signed a framework cooperation agreement with NIO. The two sides will jointly build the Lu’an Economic Development Zone Intelligent Electric Vehicle Parts Supporting Industrial Park and carry out cooperation in industry exchange, talent interaction, and other aspects to form a new energy vehicle industry cooperation paradigm that promotes and enhances each other.
The Lu’an Economic Development Zone Intelligent Electric Vehicle Parts Supporting Industrial Park is an important undertaking platform for the intelligent electric vehicle industry supporting base in Lu’an City, with a position as a high-end aluminum die-casting low-carbon circular economy industrial park.
The first phase of the Lu’an Economic Development Zone Intelligent Electric Vehicle Parts Supporting Industrial Park covers an area of approximately 900 acres and will introduce supporting enterprises for vehicle refinement, aluminum and other material recycling, aluminum material melting, aluminum die-casting, and wheel manufacturing to create an aluminum die-casting low-carbon circular economy full industry chain.
The first phase of the park plans to be completed and put into production in the first half of 2023. By then, it will have an annual production capacity of 300,000 tons of aluminum die-casting, with an expected annual output value of 10 billion yuan. After the first phase is completed and put into production, NIO’s aluminum die-casting products are expected to reduce carbon emissions by approximately 50%. The construction of this park will further promote NIO’s localization strategy for the supply chain. At the signing ceremony, the first five companies that entered the park signed landing agreements with the Lu’an Economic Development Zone.
The signing ceremony was attended by Ye Luzhong, Secretary of the Lu’an Municipal Party Committee, Che Zhaoqi, Deputy Secretary of the Lu’an Municipal Party Committee and Minister of Organization, Liu Hongjie, Member of the Lu’an Municipal Party Committee and Executive Deputy Mayor, Li Bin, Founder, Chairman, and CEO of NIO, Wu Jie, Vice President of NIO’s Industrial Planning Department, Pan Yu, Assistant Vice President of NIO’s Supply Chain Development, and representatives of the companies that entered the park.
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.