In recent years, Dongchong town in Nansha has received economic opportunities thanks to the Hong Kong University of Science and Technology (HKUST).
For Dongchong town to expand its involvement in the Guangdong-Hong Kong-Macao relationship and raise its industrial level, HKUST will function as a crucial conduit.
HKUST's Fok Ying Tung Research Institute in Nansha. [Photo/WeChat account: nanshafabu]
The metamorphosis of Changjia Electronics is the pinnacle of Dongchong town's economic and industrial development. More than 1,000 industrial businesses, including 243 industrial enterprises above designated size and 203 high-tech enterprises, settle in Dongchong town, an important industrial town, and they represent one-third of all businesses in Nansha.
Juwan Technology Research was first introduced in Dongchong town. It is a unicorn enterprise and a titan in the field of fast charging for electric vehicles. To construct its headquarters office and production base, the company will invest 4 billion yuan ($564 million) in Dongchong town. When fully operational, it can accommodate 120,000 new energy vehicles. It is anticipated that the annual planned output value will be 7.2 billion yuan.
Electric cars made by Juwan Technology Research. [Photo/WeChat account: nanshafabu]
A total of 21 auto parts enterprises have been introduced in Dongchong town, and the output value of the whole town's auto parts industry has exceeded 2.3 billion yuan.