On August 1st, the centralized commencement ceremony of the Jinchuang Energy Project was held in the Jinchuang Rail Transit Industrial Park located in the Wujin National High tech Zone. The total planned investment for the three major projects is 5.2 billion yuan, with an expected annual output value of 10 billion yuan after reaching the production capacity. Sheng Lei, Mayor, Qiao Junjie, Member of the Standing Committee of the Municipal Party Committee and Secretary of Wujin District Party Committee, and Zhou Chengtao, Secretary General of the Municipal Government attended the commencement ceremony.

Actively responding to the call of the municipal party committee and the municipal government to "build a new energy city that leads the Yangtze River Delta, radiates the whole country and has global influence", Jinchuang, relying on its own technology, experience and platform advantages, actively develops business opportunities in the direction of "big transportation" and "New Infrastructure", and comprehensively expands the new energy industry landscape around the green and intelligent new energy storage, mining and construction equipment, and the Group's green and low-carbon operation and development goals.

The new energy smart mining machinery project, new energy storage project, and green intelligent zero carbon demonstration park project that have started construction this time will be gradually put into operation in two phases, with a new factory building of 100000 square meters in the first phase. Among them, the current innovative energy smart mining machinery project plans to have a total investment of 3 billion yuan, which can form an annual production capacity of 3000 sets of mining machinery equipment after reaching the production capacity. This will help further improve the penetration rate of new energy equipment in the mining field, while driving the synchronous development of the local new energy mining machinery industry chain upstream and downstream, with an expected annual output value exceeding 4.5 billion yuan.

The total investment for the new energy storage project is planned to be 2 billion yuan, mainly focusing on the research and development, design, manufacturing, sales, and services of power storage, industrial and commercial energy storage, and household energy storage products. The production line for integrating and testing battery cells, PACK, and energy storage systems will be constructed, with an expected annual output value exceeding 5.5 billion yuan after reaching the production capacity.

The green and intelligent zero carbon demonstration park project plans to invest a total of 200 million yuan, adopt the "optical storage, charging and replacement" integration scheme, integrate photovoltaic power generation system, large capacity energy storage system, intelligent Charging station, power station replacement and other advanced technologies, meet the needs of the park's production and living users, and help Jinchuang Rail Transit Industrial Park build into a zero carbon demonstration park.

Founded in 1988, Jinchuang is a diversified investment holding group led by high-tech industry, covering six sectors: rail transit equipment, new energy, environmental protection, 5G/3C communication equipment, ship equipment, and real estate. The rail transit sector was listed on the Shanghai Stock Exchange in 2018. The group has 6 industrial parks and 1 group management center in Changzhou, and has been awarded the title of Changzhou Industrial Five Star Star Enterprise for 14 consecutive years.