On January 18th, 2024, CCUI was invited to visit Wuhu Municipal Government and conducted research and communication on the cooperation of funds with Sinopec Group Capital Co., Ltd. This meeting was led by the Wuhu Environmental Protection Bureau, and departments such as Wuhu National Development and Reform Commission, Communications Investment Group, and Wuhu Construction Investment Co., Ltd. participated in it. The discussion was focused on equity investment funds and industrial cooperation. All parties exchanged ideas on new energy, new materials, and intelligent manufacturing projects.
Industrial upgrading leads development.
Among the nine major industry clusters in Wuhu, the new energy and optoelectronic industry and the auto and auto parts industry play important roles and are at the central link of the urban industry clusters. They form good industrial relations with surrounding clusters such as intelligent equipment and wire and cable, promoting the transformation and upgrading of urban economy and providing a solid foundation for the sustainable development of Wuhu City.
Through actively promoting the development and application of new energy industries, Wuhu is committed to achieving industrial upgrading and innovative development. With the proposal of the "double carbon" target, Wuhu has further strengthened the layout of the hydrogen energy industry, focusing on promoting the application of hydrogen energy in the field of public transportation. In September 2021, Wuhu's first hydrogen filling station came into operation; in January 2022, 15 Chery hydrogen energy buses began operation, which also marks the entry of Wuhu's public transportation into the "hydrogen energy era".
Chery and Anhui Conch Group Build the Future together
The new energy vehicle ecological city, Chery leads the industrial development.
Wuhu is known as the "New Energy Vehicle Ecological City" and is the birthplace and headquarters of the well-known automotive brand Chery. In 2023, Chery achieved remarkable results with outstanding performance. The annual sales exceeded 1.88 million vehicles, representing a year-on-year increase of 53%, far exceeding the overall growth rate of the industry. Not only that, but Chery also achieved significant achievements in passenger car exports. A total of 930,000 vehicles were exported, representing a year-on-year increase of 101%, and has been ranked first in China's passenger car exports for 21 consecutive years, winning a good reputation for Chinese manufacturing.
As a leading enterprise, Chery has attracted many new energy vehicle enterprises and upstream and downstream supporting enterprises in Wuhu, gradually forming an industrial cluster with complete industry chain and sound ecosystem. As of the end of 2023, there were 814 companies in Wuhu engaged in the production of complete vehicles, parts and aftermarket services, injecting powerful impetus into the industrial development of the city.
Anhui Conch Group: transforming to high-end, green and intelligent development.
Anhui Conch Group is a local-grown global top 500 listed enterprise, with cement manufacturing as its leading industry. In recent years, Anhui Conch Group has actively promoted high-end, green, and intelligent transformation, and achieved remarkable results.
Anhui Conch Group has successfully developed and applied the technology of unmanned mining vehicles in open-pit cement mines, realizing the automation and intelligence of production processes. In addition, it has also introduced advanced technology of pure low-temperature waste heat power generation for cement kilns, which can effectively utilize waste heat resources, improve energy utilization efficiency, and reduce the impact on the environment.
In terms of energy conservation and emission reduction, Anhui Conch Group reached a deep cooperation with the photovoltaic giant Longi Green Energy in December 2023, and jointly promoted photovoltaic business, power station projects and hydrogen energy applications. Through joint efforts, Hailu Group is committed to reducing carbon emissions, promoting clean energy applications, and making positive contributions to energy conservation and emission reduction.
CCUI and Sinopec Group Capital Co., Ltd work together to explore the cooperation in new energy and new materials.
Sinopec Group Capital Co., Ltd is a central state-owned enterprise’s direct investment platform. Its market-oriented mechanism aims to find strategic investment opportunities through financial investment, focusing on new strategic emerging industries such as new energy, new materials, energy conservation and environmental protection, high-end intelligent manufacturing, big data, and artificial intelligence, to empower the invested enterprises and help China Petroleum Chemical Corporation achieve transformation, upgrading and sustainable development.
CCUI’s investment areas mainly cover charging piles, digital operation, and maintenance services for energy storage, as well as related industries of hydrogen gas transportation.
The purpose of this visit is to combine Wuhu's ecological advantages to promote the development of local related industries. In the future, CCUI and Sinopec Group Capital Co., Ltd will work together to promote the development of new energy, new materials, and intelligent manufacturing. Both parties have reached a consensus and plan to jointly establish an industrial fund to provide multi-faceted support for invested enterprises and help the rapid development of emerging industries.
