More global corporations are investing in China and picking an economic zone.
Jiangning Economic and Technological Development Zone, a state-level economic development zone, signed 10 major foreign investment projects in the park this year, including Phoenix Lean Intelligent Demonstration Plant, PepsiCo expansion project and others.
The Nanjing Economic and Technological Development Zone is promoting several foreign investment projects.
A total investment of 100 million euros of Danfoss Semiconductor power module project, after completion is expected to have an annual output of 2.5 million pieces of IGBT power modules, motors and electric drive products 100,000 sets;
The new LG new energy cylindrical batteries in four phases of the first stage of the project, is expected to have an annual production capacity of lithium-ion batteries, 89,640,000 units.