A world-class bay area full of innovation and vitality

As China's manufacturing industry has shifted from high-speed growth to high-quality development, since 2013, the Chinese government has successively announced and promoted the "the Belt and Road" initiative and the construction of the "the Belt and Road" Greater Bay Area. The goal is to establish a new economic and trade partnership with countries along the "Belt and Road". At home, through the "Guangdong, Hong Kong and Macao Greater Bay Area", the Chinese government has accelerated the construction of a modern industrial system and multilateral open markets to drive high-quality development through continuous innovation.

The construction of the "Guangdong - Hong Kong - Macao Greater Bay Area" refers to the development of nine cities in Guangdong Province (including Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing) and two special administrative regions of Hong Kong and Macao into world-class urban agglomerations and international scientific and technological innovation centers with global influence. By deepening the cooperation between Guangdong, Hong Kong and Macao and giving full play to their respective advantages, the Greater Bay Area will promote the coordinated development of regional economies and become an important support for the "the Belt and Road" to build a new platform for international economic cooperation. The GDP of the Greater Bay Area will reach 11.6 trillion yuan in 2019, and is expected to reach 28.9 trillion yuan by 2030, and squeeze into the world Among the top ten economies.

Advantages of the Greater Bay Area

The Guangdong Hong Kong Macao Greater Bay Area has always been an important base for the domestic automotive industry, and has also been at the forefront of the new energy vehicle industry in China. Compared to other regions in China, the Guangdong Hong Kong Macao Greater Bay Area has a higher acceptance of the new energy vehicle industry, which also stimulates the demand side of the new energy vehicle industry to continuously pursue higher quality development.

At present, the Guangdong Hong Kong Macao Greater Bay Area has formed core clusters of new energy vehicles in Guangzhou, Shenzhen, and Foshan, attracting high-quality construction projects to cluster and develop. Dongguan, Zhongshan, Huizhou, Zhaoqing and other regions have focused on developing key components and new material supporting projects, achieving coordinated regional layout and development, enhancing industrial scale and competitiveness.