On the afternoon of October 11, a virtual signing ceremony was held between Changzhou and DNE Group on the firm鈥檚 new energy vehicle (NEV) parts project in Zhonglou High-Tech Industrial Park.

DNE Group, headquartered in Shanghai, is a leading new economy infrastructure developer and operator in China. It provides a full range of integrated infrastructure solutions to new economy clients, meeting their needs in R&D, manufacturing, warehousing and corporate headquarters, and promoting China鈥檚 industrial transformation and technological innovation.

DNE鈥檚 new project in Zhonglou district, with a total investment of US$500 million, will become an integrated facility specializing in the manufacturing, distribution, and trade of NEV parts. Its estimated sales revenue is over RMB锟? billion after reaching the designed capacity.

Huan Heng, deputy mayor of Changzhou, met with the representatives of DNE and CBRE China at the virtual meeting and witnessed the signing ceremony.