Representatives attend the signing ceremony of the 2024 Ordos (Changzhou) new energy investment promotion conference. [Photo/swj.ordos.gov.cn]

Ordos in the Inner Mongolia autonomous region hosted a series of investment promotion conferences on new energy and advanced manufacturing in Changzhou and Wuxi, Jiangsu province, from Dec 11 to 12, 2023. The conferences attracted more than 80 enterprises. Fifteen projects were formalized in such fields as photovoltaics, energy storage, hydrogen energy, and equipment manufacturing, with a total contract amount of 35.12 billion yuan ($4.89 billion).

One of the signed projects is led by TrinaSolar, the world's largest photovoltaic module supplier and a leading global provider of solar power solutions. Xu Yifeng, general manager of the company's base in Ordos' Jungar banner, expressed interest in the city's immense development potential and investment opportunities in the new energy industry.

Ordos, with efforts to catch up and surpass in the field, achieved remarkable economic results in 2023. The city contracted domestic (non-local) funds totaling 72.36 billion yuan from January to October, a year-on-year increase of 45.3 percent, ranking second in the autonomous region in terms of total investment and fourth for growth rate. Its actual use of foreign capital reached 2.57 billion yuan, 394 times than the previous year, exceeding the target of 700 million yuan five months ahead of schedule.

A photovoltaic power generation base situated in Ordos city, Inner Mongolia autonomous region. [Photo/swj.ordos.gov.cn]

Investment promotion is seen as the source of economic development, and Ordos's active participation in these conferences reflects its commitment to the development of green energy and the promotion of high-quality regional economic development through new energy initiatives.

Ordos released a list of 40 scenario investment projects, classifying market supply and demand into numerous capabilities and opportunities. This approach facilitates precise investment by providing clear lists of opportunities for enterprises and helps advance the city's industrial chain investment work efficiently.

Ordos released 27 investment projects strengthening industrial chains, listed in a "scenario investment opportunity list". This innovative method fills a gap in the city's industrial chain development.

Focusing on building a world-class innovation ecosystem, Ordos selected 13 technology innovation projects aligned with the city's industrial development. Crucial core technologies in areas such as new materials, low-carbon energy, and ecological restoration were listed in a "scenario investment capability list", promoting technological innovation and empowering industrial development.

Workers inspect cars at an assembly line of Chery automobile in Ordos. [Photo/swj.ordos.gov.cn]

Leveraging its positioning as a national energy base, Ordos attracted leading companies, including Chery, BOE and BaoFeng Energy. This resulted in nine manufacturing industry chains with an output value exceeding 800 billion yuan. Ordos had 104 manufacturing projects under construction from January to October, driving a 140 percent year-on-year growth and a 33.2 percent increase in fixed asset investment. The city's fixed asset investment growth rate has been maintained at over 25 percent for two consecutive years, showcasing Ordos's potential and comparative advantages.

Ordos, with its excellent industrial foundation and abundant application scenarios, is driving full industrial chain development in world-class energy, new energy, modern coal chemical industry, and cashmere. Unlocking two scenario lists, the city introduced major projects exceeding 1 billion yuan, totaling 61, with 23 leading enterprises. Ten major projects with an investment of over 1 billion yuan have commenced construction, with total investments of 12.2 billion yuan.

With continuously optimized business environment and streamlined approvals, Ordos has attracted strong enterprises and investment projects, providing a boost to its economic development. The city continues to optimize the business environment and implement supportive policies to help enterprises, making Ordos an attractive destination for businesses and a treasured place for investment and development.