General Electric Company Settled in Chongqing Liangjiang New District

Recently, one of the world's largest cross-industry technology, manufacturing and service companies, the world’s top 500 company, General Electric of the United States, signed a joint venture contract with Chongqing Electromechanical Holding Group to establish a Sino-foreign joint venture in Liangjiang New District for the Chongqing Rail Transit. Construction of localized production of electrification equipment.

In accordance with the cooperation agreement, the two parties will jointly establish a joint venture company that produces low-voltage power distribution equipment for its main business, including 51% for Mechatronics Holdings and 49% for General Motors. The company will first provide power solutions and electrical technologies for the Chongqing rail transit market. By 2020, it will build a manufacturer and power solution provider of electrical equipment and systems with an annual output of US$1 billion. It will satisfy the rail traffic in Chongqing and even Southwest China. While supporting electrification equipment, we will expand product exports.

According to reports, Subway Line 1 is about to open at the end of this month, which is the direct reason for the speed of the cooperation between the two parties. However, GM and the Electromechanical Group have jointly organized the Liangjiang New District, and the key is to be attracted by the big cake of the rapid development of the Chongqing rail transit market. According to the Chongqing rail transit plan that was adjusted last year, the city’s total track mileage will increase to 700 km in the future, and the total number of stations will exceed 350. The total investment will exceed the original planned RMB 150 billion. Among them, as an infrastructure for rail transit construction, the demand for distribution equipment is huge. The investment in transmission and distribution equipment for each station is about 100 million yuan. According to this calculation, the city's rail transit development will bring at least 30 billion yuan in demand for the distribution equipment market.

In addition, the 100 billion rail transit industry projects and industrial supporting capabilities previously laid out in the Liangjiang New District are important reasons for the general layout of the Liangjiang New District. Since the establishment of the Liangjiang New Area, the rail transit industry has been listed as a “6 3” strategic industry, which has been focused on fostering. With the largest industrial base in the western part of the CNR Group as its core, the 100 billion rail transit industry project has been deployed, and the rail transit vehicle is being further expanded. The production capacity of high-speed trains, EMU equipment and parts and components will reach an annual output of 500 urban rails, 200 high-speed trains, EMUs, and maintenance of 200 rail transit vehicles by 2020. The annual production value will reach 100 billion yuan. , Become an important rail transit equipment production base in the country.