Bafang New Energy (Suzhou) Co Ltd, a wholly-owned subsidiary of Bafang, one of the leading manufacturers of e-mobility components and complete e-drive systems, was set up in the Zone in March 2021. It is building a project which will be used as the manufacturing and operation base by it and another company for development of motors and control systems for e-bikes as well as production of batteries, motors and mechanical and electrical equipment.

The project covers a land area of about 100 mu (over 66,000 square meters), and the total floor area will reach about 180,000 square meters. The first phase will be completed in December, and put into production early next year, with an estimated annual output value of 1.5billion yuan.