In Guangzhou's Huangpu district, the emerging new energy storage industry has become a key growth driver in the industrial economy, with an expected annual output value exceeding 1.5 billion yuan ($225 million).
This new energy storage technology, crucial for achieving the "dual carbon" goals, is believed to have vast market potential.
Guangdong province is dedicated to developing the sector into a strategic pillar industry for the entire province. According to the "Guidelines for Promoting High-Quality Development of New Energy Storage Industry in Guangdong Province," by 2027, the industry's revenue in the province is expected to reach 1 trillion yuan.
Huangpu is hoping to turn the industry into an example for the new energy storage industry in the Guangdong-Hong Kong-Macao Greater Bay Area. The Huangpu New Energy Storage Industry Park project has been launched with an investment of about 2.1 billion yuan, which will see the construction of a first-class energy storage industrial base in the Greater Bay Area and is expected to lead to the creation of 3,000 new jobs.
A rendering of the Huangpu New Energy Storage Industry Park.