A project with a total investment of over 12 billion yuan settled in Suzhou Xiangcheng

The Suzhou “1030” Automotive Industry Salon and Luxshare Project Signing Ceremony were held in Suzhou recently. The Luxshare project with a total investment of over 12 billion yuan was signed and settled in Suzhou Xiangcheng Economic and Technological Development Zone.

Luxshare Group is a nationally renowned provider of consumer electronics, automotive and enterprise-level solutions. This time, Luxshare Group has once again expanded its development in the automotive field, cooperating with Xiangcheng Economic Development Zone to build acoustic electronic products and automotive parts projects, and landed China’s largest Luxshare automotive parts manufacturing base. The total investment of the project exceeds 12 billion yuan, and the annual output value after completion exceeds 30 billion yuan.

Starting this year, Suzhou has accelerated the construction of a “1030” industrial system consisting of 10 key industrial clusters and 30 key industrial chains, proposing to create 4 trillion-level industries by 2026, with an industrial output value of 5 trillion yuan above the designated size. New energy vehicles are the top priority of the construction of the “1030” industrial system. At present, Suzhou is accelerating the construction of the competitive advantages of the new energy vehicle industry, focusing on improving the resilience and security level of the industrial chain and supply chain, and making every effort to build an internationally advanced and domestically leading new energy vehicle industry highland.