Chongqing - Over 300 major projects in Southwest China's Chongqing Municipality have been launched in the first quarter of 2023, with a total investment of 319.4 billion yuan (about USD 46.51 billion), spanning industries including the electronics industry, new energy vehicle industry, digital economy, and urban renewal.

Among them, a total of 94 projects and nine projects with an investment of more than one billion yuan (about USD 145.61 million) and five billion yuan (about USD 728.1 million), respectively.

Construction site of Hongma Tiantai New Energy Cathode Material R&D and Production Base project in Jiulongpo district. (Photo / Yin Jianhong)

10% of the total goal battery production capacity in the Sichuan-Chongqing area

Hongma Tiantai New Energy Cathode Material R&D and Production Base project in Chongqing's Jiulongpo district has a total investment of about 6.3 billion yuan (about USD 917.35 million). 

Jiulongpo, the key economic, industrial, and commercial district in Chongqing, provides a good foundation for industrial development. The Base project is mainly for researching and developing, producing, and selling battery cathode materials.

The cathode material serves as the most critical material of lithium batteries, which directly determines the energy density and safety of the battery. Hongma Tiantai's new energy cathode materials combine the advantages of Lithium Oxido Cobalt, Lithium Nickel Oxide, and Lithium Manganate. The market demand for battery cathode materials is expected to continue to proliferate.

After the completion of the project, it expects to reach an annual output of 80,000 tons of cathode materials, which accounts for 10% of the total goal battery production capacity in the Sichuan-Chongqing area. 

The project will also result in an annual output of 24 billion yuan (about USD 3.49 billion) and provide about 1,000 job opportunities.

Rendering of IDM (Industrial Distribution Management) industrial base project of the Aosong Semiconductor 8-inch MEMS (microelectromechanical system) characteristic chip. (Photo / Shangyou News)

IDM project satisfies the supply chain of emerging industries 

Many projects have also empowered the coordinated development of various regions and jointly promoted the construction of the Chengdu-Chongqing economic circle.

For instance, the IDM (Integrated Device Manufacturing) industrial base project of the Aosong Semiconductor 8-inch MEMS (microelectromechanical system) special chip will be located in Western (Chongqing) Science City, with a total investment of 3.5 billion yuan (about USD 509.64 million).

Guangzhou Aosong Electronics Co., Ltd., the investment subject of the IDM industrial base project, is an enterprise that applies MEMS semiconductor process technology to produce special sensor chips.

A relevant person in charge of Guangzhou Aosong Electronics Co., Ltd. said that after the construction of the project, it would provide a strong guarantee for automobiles, rail transit, high-end equipment manufacturing, and the supply chain of emerging industries in the Chengdu-Chongqing economic circle.

The project will also provide development and cooperation, equipment sharing, technical support, and other services of MEMS special semiconductor chips to relevant domestic and international industries.

Guangzhou Aosong Electronics Co. Ltd. aims to gradually improve the industry system of the integrated circuit, accelerate R&D and product renewal, and promote the transformation and industrialization of scientific and technological achievements.