Investment dynamics

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Recently, Kaiwo New Energy Vehicle Group Co., Ltd. (hereinafter referred to as "Kaiwo Group") obtained the overseas investment certificate for settling in the "China Arab Industrial Park", becoming the first overseas investment certificate approved for the China Arab Industrial Park in Nanjing this year.

The China Arab Emirates (UAE) Production Capacity Cooperation Demonstration Park is a national defined "the Belt and Road" production capacity cooperation park, and a major cooperation project to implement the important consensus of the leaders of the two countries and serve the construction of the "the Belt and Road". The demonstration park is located in the Khalifa Economic Zone of Abu Dhabi, the capital of the United Arab Emirates. It officially started construction in 2018, with a total area of 12.2 square kilometers. Based on resource endowment and market factors, it focuses on developing new energy, machinery manufacturing, metal processing, biomedicine and other industries. It has many advantages such as unique transportation location, convenient logistics transportation, and low comprehensive costs, attracting many enterprises to settle down.

Kaiwo Group is a unicorn enterprise that integrates research and development, production, sales, and service of new energy vehicles and core components. It is also the only new energy commercial vehicle headquarters enterprise in Nanjing. The company has a complete industrial chain, covering products such as 4-18 meter cars, tourist vehicles, logistics vehicles, passenger cars, sanitation vehicles, trucks, autonomous driving, etc. It can provide users with comprehensive new energy solutions.

Last year, the Lishui District Bureau of Commerce learned that Kaiwo Group had an investment plan to "go global". It actively connected with the needs of the enterprise, helped the enterprise expand overseas markets, closely connected with relevant municipal units, and actively provided full process services for the enterprise's products, services, and brands to "go global" with high quality. In April this year, Kaiwo Group will complete the relevant procedures for landing and gradually expand its business.

After several years of overseas market business layout, the total overseas sales of Kaiwo Automobile have exceeded 60000 units. This year, Kaiwo Group's global sales target for new energy vehicles is to exceed 10 billion yuan. "The Middle East region has abundant solar and thermal resources, which are suitable for the development of clean energy such as solar energy, wind energy, and hydrogen. The settlement in the China Arab Industrial Park this time means that we have a core presence overseas. The relevant person in charge of Kaiwo Group stated that in the future, in addition to landing production, we will also try to cooperate with local technology enterprises and universities in research and development, accurately develop automotive products, cultivate local component enterprises, achieve localized supply of automotive components, create a win-win industrial structure, improve the local industrial development level, and provide more job opportunities for local residents. Together with Arab countries, we will promote the global green energy industry and achieve sustainable development of the regional economy.".

In recent years, Lishui District has continued to promote high-level opening-up to the outside world, increasing efforts to attract foreign investment and promote two-way economic and trade cooperation. The actual utilization of foreign investment in the first quarter of the region was 72.78 million US dollars, an increase of 674%, with a total import and export volume of 3.7 billion yuan, ranking among the top in terms of completion progress. Next, Lishui will deeply implement a series of measures to expand its opening-up to the outside world, such as the "Cross border E-commerce Action", "Special Action for Utilizing Foreign Investment", "Action for Entering Multinational Companies", and "Action for Advantageous Products Going Global", to promote more enterprises in our region to participate in international competition and economic and trade cooperation, and attract more high-end foreign-funded enterprises from all over the world to gather in Lishui.