Three Kunming projects chosen for 14.4 bl investment

Kunming pocketed investments worth 14.4 billion yuan($1.99 billion), which will go towards three projects, at the investment matchmaking meeting of the China-Laos Mohan-Boding Economic Cooperation Zone held on Nov 5.

Farasis Energy (Ganzhou) Co., Ltd. will set up a production base of 24GWh lithium iron phosphate batteries used for energy storage.

The Kunming Chenggong Shuzhi Port (Phase II) project will focus on four major directions: the digital economy, big data, cloud computing, and a high-tech industrial chain.

Zhonglin Guokong (Hainan) Medicinal Materials Group Co., Ltd. plans to move its headquarter to Kunming’s Xishan district and develop a medical industrial chain.

"Yunnan is a region with great potential and strength to undertake a new energy battery industry. On the one hand, government departments have good service awareness and concepts. The area has complete industrial chains with many upstream and downstream companies,” said Hu Zhijia, general manager of the supply chain management center of Farasis Energy(Ganzhou) Company. “More importantly, the entire industry has a wide range of application scenarios, which can ensure that our industrial products enjoy the local market and its great potential.”

Kunming’s investment authorities also participated in the forum of foreign-funded enterprises, and actively reached for companies, such as the French railway company, AREP Design Group, the Crestar Agricultural Development Company, and Linde Group, to further understand the needs of enterprises.