Hanergy officially enters China’s pilot free trade zone in Shanghai

The world’s leading clean energy company, Hanergy Mobile Energy Holding Group, announced its official entry in the New Lingang Area, a newly added area to the six-year-old Shanghai free trade zone, which touted preferential tax and supportive policies to attract high-tech companies.

The new area will match the standards of the most competitive free trade zones worldwide and will implement opening-up policies and systems with strong global market competitiveness, aiming to build a relatively mature system of free investment and trade by 2025, according to the Overall Plan issued by China’s State Council on August 6^th, 2019.

A pep rally celebrating the admittance of the first batch of 13 high-tech companies into the new area of Shanghai Free trade zone was held at Lingang, Shanghai on August 20^th.  During the meeting, leadership of the city issued business licenses for the 13 enterprises that are the first to enter the New Lingang Area, including Shanghai MiaSolé Equipment Technology Company, a subsidiary to Hanergy Mobile Energy Holding Group.

Yuan Yabin said, “We’re proud to be among one of the first high-end manufacturing enterprises entering the New Lingang Area, to contribute to the country’s economic development. With Shanghai as the economic center, Hanergy plans on setting up the whole industrial layout for the world’s leading flexible thin-film solar power as well as establishing global R&D center, global sales center, and industrial innovation platform in the region.”

“Shanghai has the best talents, research institutions, industrial chain resources, and excellent equipment supply chain for the pan-semiconductor industry, which is all the support needed for the actualization for a project. The project will drive the growth of both upstream and downstream businesses, lending strong support for equipment and raw material suppliers and setting up a mobile energy ecological industrial circle in Shanghai,” he added.

Hanergy signed with Shanghai Lingang Area Development and Construction Management Committee and Shanghai Lingang Economic Development Group early on April 12^th this year to jointly build up a mobile energy smart manufacturing base.

According to the agreement, Hanergy would set up a mobile energy industrial cluster with leading technology and whole industrial chain. Three subsidiary companies under Hanergy were set up after the signing of the contract.