JIC Leasing recently provided financial leasing services to an enterprise in Chongqing’s Fuling High-tech Zone, for use in the construction of supporting infrastructure in the new local energy vehicle park.

Fuling High-tech Zone is the first RMB100 billion-level industrial park outside the city proper of Chongqing, and is also the "main battlefield" of Fuling's industrial development, and the "main engine" of scientific and technological innovation in the region. By 2022, the total industrial output value above a designated size reached RMB 122.5 billion, contributing an added industrial value of RMB 37 billion, against a fixed asset investment of RMB 11 billion.

Chongqing proposed to implement an advanced manufacturing cluster comprising two trillion-level industrial clusters specializing in online intelligent new energy vehicles and electronic information manufacturing. Fuling High-tech Zone has been selected to form part of the Chongqing online intelligent new energy vehicle industrial park construction list. In recent years, the area has successfully introduced the Fuling Ganfeng 2.4 billion wH/year lithium battery project, the Fuling Ruepu Lanjun 3 billion wH/year battery and PACK production base project, as well as the Geely Technology 1.2 billion wH/year power battery project, contributing 6.6 billion watt-hours of new energy battery production capacity with an output of RMB 66 billion.

The funds were intended to support the construction of supporting infrastructure in Area A of the Fuling New Energy Vehicle Park. The main supporting facility is the Daxin 6-inch IGBT Wafer Industrialization Project, which represents a total investment of around RMB 2 billion. Product applications will cover new energy vehicles, smart grids, photovoltaic energy storage, wind power generation, industrial control and electrical household goods. After the design capacity has been reached, the project will be able to produce 1.2 million 6-inch wafers per year, representing an annual output of RMB 1.3 billion, with tax incomes up to RMB 98 million. At the same time, the upstream silicon industry will be gradually diverted, such that raw material supply and downstream semiconductor packaging, testing and electronic assembly industries will be clustered to form a complete industrial chain.

An active practitioner of green development concepts, JIC Leasing makes the most of its role in supporting the development of high-end manufacturing.