Despite China reacting to the United States CHIPS and Science Act, the country continues to move forward with R&D and smart technology projects launched in August, continuing to be focused on R&D and new energy. The 10GW photovoltaic n-type cell production project based in the Economic and Technological Development Zone has the most investment backing of all the projects Kiterocket has reported on for August.
Specializing in the solar photovoltaic industry, the business scope includes manufacturing photovoltaic equipment and components and selling photovoltaic equipment and parts. Constructed in two phases, the first phase will be 2GW, while the second phase will be 8GW. The estimated completion date is sometime in 2026, with an expected annual sales revenue of about 12 billion yuan once fully operational.
Another interesting smart technology project of note is the one invested by Suzhou ITI Motor Technology Co., Ltd., which plans to build an intelligent connected vehicle test center in Changshu High-Tech Zone. The autonomous driving and new energy project got the green light to commence on August 4th. This is so interesting because the company has reached cooperative relationships with many domestic and foreign automobile manufacturers and auto parts enterprises, such as Benz, Land Rover, Ford, Fiat, Bosch, and Delphi. The project is said to be focused on automotive technology testing and product development specifically for connected automobiles.
Minor in investment compared with the other highlighted projects, the Dingxin Microelectronics Semiconductor chip packaging and the testing project was officially signed and settled in Changshu Economic Development Zone Yangtze River Delta (Changshu) international advanced manufacturing industrial park recently. The project will build a 10,000 square meter clean plant, invest more than 100 million in advanced packaging equipment, and build a headquarters base integrating R&D and packaging testing.
So, despite a disruption caused by the CHIPS and Science Act, China has continued to move forward with R&D and smart technology leading the way – at least for this month.