Investing 5 billion yuan, ZTE's new intelligent manufacturing industrial base project signed in Foshan, Guangdong

On October 19, the Nanhai District Government of Foshan City, Guangdong Province and ZTE New Communications Co., Ltd. (hereinafter referred to as "ZTE New") signed a project. ZTE New will integrate its intelligent manufacturing business resources and invest 5 billion yuan in the construction of the "ZTE New Intelligent Manufacturing Industrial Base Project" in Nanhai District, Foshan City, and plans to use this as the listing entity of ZTE New's future intelligent manufacturing sector.

According to DuChuang, Yan Haobo, member of the Standing Committee of the Foshan Municipal Party Committee and Secretary of the Nanhai District Party Committee, expressed the hope that ZTE New Communications can give full play to its manufacturing, scientific research and capital advantages in semiconductors, mechanical electronics, new energy, new materials and financial investment. Through in-depth cooperation between industry and capital, he will effectively guide ZTE New Communications' industrial chain and related high-quality industrial projects to settle in Foshan, and help release the potential of the local manufacturing industry.

Wei Zaisheng, Chairman of ZTE New Telecommunications Co., Ltd., said that at present, the group's intelligent manufacturing business has covered leading enterprises in the fields of 5G communications, new energy, rail transit, big data, and ultra-high voltage, and has established long-term and stable cooperative relationships. In the field of communications, the company is a core supplier of domestic communication operator giants China Mobile, China Telecom, China Unicom and China Tower, as well as well-known domestic communication companies such as ZTE and StarNet Ruijie. In the medical field, it has established strategic partnerships with the world's top medical equipment companies such as Siemens, Mindray Medical, and Aeon. In addition, ZTE New is a core supplier of drone innovation company DJI Technology, photovoltaic inverter leader Sungrow Power Supply, well-known listed companies Unilumin Technology, and China Broadcasting Network Communication.

According to reports, ZTE's business covers communications, semiconductors, mechanical electronics, new energy, new materials, financial investment and other fields. Looking to the future, ZTE proposed that within three years, the group's intelligent manufacturing business segment will initially complete the construction and production of the production base, and improve the automation and digitalization of production and manufacturing, becoming a leading enterprise in high-end precision manufacturing in the Guangdong-Hong Kong-Macao Greater Bay Area; within five years, it will improve the production capacity layout and industry layout, become the main supplier of core enterprises in various industry segments, and open up capital channels, and strive to achieve the overall listing of the intelligent manufacturing business segment; within 10 years, it will become a leading intelligent manufacturing enterprise with industry leadership and international competitiveness, and achieve an output value of more than 10 billion yuan. With the advancement of the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the deepening implementation of the national new infrastructure and Industry 4.0 strategy, ZTE will take the Guangdong-Hong Kong-Macao Greater Bay Area as the core radiation area to create an intelligent manufacturing center with the characteristics of the Guangdong-Hong Kong-Macao Greater Bay Area and with national influence, and rely on the intelligent manufacturing industrial base to serve the construction of the "two highs and four new" modern industrial system in Nanhai District with intelligent manufacturing and industrial digitalization.