{"id":15709,"date":"2023-02-02T03:10:00","date_gmt":"2023-02-02T03:10:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4003761_AE03761_0"},"modified":"2023-02-02T03:10:00","modified_gmt":"2023-02-02T03:10:00","slug":"xinhua-silk-road-sheng-hong-holding-group-launches-new-energy-projects-in-e-chinas-zhangjiagang","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=15709","title":{"rendered":"Xinhua Silk Road: Sheng Hong Holding Group launches new energy projects in E. China’s Zhangjiagang"},"content":{"rendered":"

BEIJING<\/span>, Feb. 2, 2023<\/span> \/PRNewswire\/ — Sheng Hong Holding Group, a leading high-tech enterprise in Suzhou, signed a contract to settle its battery gigafactory and new energy research institute projects involving a total investment of about 30.6 billion yuan<\/span> in Zhangjiagang City of east China’s<\/span> Jiangsu Province<\/span>.<\/p>\n

\n

\"Photo<\/a>
Photo shows the site of the contract signing ceremony on January 31, 2023 in Zhangjiagang, east China’s Jiangsu Province.<\/span><\/p>\n<\/p><\/div>\n

The projects will be completed in phases and are expected to generate annual revenue of more than 56 billion yuan<\/span> upon completion. Among them, the first phase of the 24GWh project and the new energy battery research institute project involving a total investment of 14 billion yuan<\/span> are expected to be completed and put into operation in three years, with their annual revenue expected to reach 24 billion yuan<\/span>.<\/p>\n

Han Wei<\/span>, Party chief of Zhangjiagang, said that the city has been committed to creating advantageous business environment for major projects and high-quality enterprises and providing a solid guarantee for the implementation of projects.<\/p>\n

As one of the Fortune Global 500 companies growing in Suzhou, Sheng Hong Holding Group has developed into an international high-tech industrial group integrating the whole industrial chain of petrochemical refining, new energy, new materials and high-end textiles.<\/p>\n

Miao Hangen, chairman of Sheng Hong Holding Group, said the projects launched by the group are expected to inject impetus into the economic development of Zhangjiagang City.<\/p>\n

In addition, Zhangjiagang witnessed the signing of 100 major projects involving a total investment of 59.72 billion yuan<\/span> at a major project promotion event held on January 29, 2023<\/span>, including 22 foreign-funded projects worth of 10.18 billion yuan<\/span>.<\/p>\n

Original link: https:\/\/en.imsilkroad.com\/p\/332497.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BEIJING, Feb. 2, 2023 \/PRNewswire\/ — Sheng Hong Holding Group, a leading high-tech enterprise in Suzhou, signed a contract to settle its battery gigafactory and new energy research institute projects involving a total investment of about 30.6 billion yuan in Zhangjiagang City of east China’s Jiangsu Province. Photo shows the site of the contract signing […]<\/p>\n","protected":false},"author":8,"featured_media":15710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-15709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\nXinhua Silk Road: Sheng Hong Holding Group launches new energy projects in E. 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