The official groundbreaking ceremony for the Daqo-Siemens smart busway and smart switchgear industrial park, a project with a projected investment of 10 billion yuan, was held in Yangzhong City on September 16. Municipal Party Secretary Wu Qingwen attended the event and formally announced the commencement of construction. Speeches were delivered by Xu Xiang, President of Daqo Group, and Helmut Gusten, the General Manager from the foreign side of Zhenjiang Siemens Busway Co., Ltd. At the project site, the land has been leveled and machinery is now in place for construction.

The ambitious industrial park project, supported by a total investment of 3 billion yuan and covering an area of 255 mu, is set to establish a smart research and development center. It will focus on producing intelligent power distribution equipment and computing power containers. Once fully operational, the park is projected to generate over 10 billion yuan in new annual sales and more than 400 million yuan in tax revenue, significantly boosting the competitiveness of Yangzhong's intelligent electrical industry. Notably, from the initial land application to the completion of all construction permits, the process took a mere 87 working days, setting a new record for the speed of land support for major industrial projects in the city.

Prior to the ceremony, Wu Qingwen and his delegation toured the construction site to inspect the project's progress and specifics. During the ceremony, Wu conveyed the congratulations of the municipal party committee and government on the project's start. He noted that this venture aligns perfectly with the growing trend of artificial intelligence, allowing the city to seize industrial transformation opportunities. Possessing broad market prospects and immense development potential, this project's launch is both timely and advantageous. He expressed hope that the enterprises involved, leveraging their comprehensive strengths and the professional capabilities of their collaborative teams, would hasten the project's implementation and production with a sense of urgency. He also encouraged Yangzhong City to use this project as a springboard, building on its confidence and momentum to harness its comparative advantages, continuously strengthen the new power equipment industrial cluster, and work towards establishing a new industrial development structure.

In his address, Xu Xiang highlighted that since its inception, the project has benefited from a favorable business environment and efficient, pragmatic services. These factors have provided robust support for the project's growth and have strengthened Daqo Group's confidence to deepen its roots in Yangzhong and increase its investment. As the leading enterprise in the new power equipment industry chain in Jiangsu Province, Daqo Group will, upon the project's completion, further enhance its capabilities for upstream and downstream synergy and industrial supporting. This will attract more innovative resources, driving Yangzhong's electrical industry towards greater sophistication, intelligence, and international integration.

Mr. Gusten, on behalf of the Siemens team, expressed sincere gratitude to the local governments at all levels, Daqo Group as the joint venture partner, and the construction entities for their ongoing support and concern. He emphasized that the establishment of this industrial park signifies more than just an expansion of production capacity; it marks a new, higher-level, and more strategic phase in the collaboration between Siemens and Daqo. He expressed confidence that through the combined efforts of all parties, the park will be constructed smoothly and become operational at the earliest opportunity, serving as a model project for Sino-foreign cooperation. The event was also attended by Deputy Municipal Party Secretary and Vice Mayor Zhou Kai, the principal leaders of the Yangzhong Municipal Party Committee and Government, and Xu Guangfu, Chairman of Daqo Group.