Zhaoqing, the municipality to the north of Guangzhou, has landed a major investment project. Last week a signing ceremony was held for the Zhongke Ruilong industrial park, which will develop high-end precision new materials. The investment amount of RMB10.6 billion is one of the largest in the Zhaoqing High-Tech Zone.

Guangdong Zhongke Ruilong Technology Development Company was established in Dongguan in 2007. Focused on R&D and application of new materials, and precision cold-drawing technology, it has been engaged with the China Academy of Science & Technology Development in the metal and battery industries for many years. The company has world-leading technology, mainly for the processing of metal molds of well-known branded mobile phones and the production of accessories.

The new park will build bases of battery shells for smartphones, smart watches and new-energy vehicles as well as high-end battery precision accessories. Its output is expected to reach RMB12 billion annually when completed.

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