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Aerospace project worth more than 10 billion yuan settled in Guangzhou’s Nansha
Update: 2021-03-31     Source: Newsgd.com

The Nansha sub-forum of Guangzhou Annual Investment Conference was held on March 30, during which the district saw a total investment of 264.8 billion yuan inked in various fields of advanced manufacturing, logistics, headquarter economies, financial services and infrastructure.

[Photo provided to Newsgd.com]

These projects include the aerospace business headquarters of Geely Technology Group Co., Ltd. The headquarters will run the aerospace-related subsidiaries, and its output is expected to exceed 10 billion yuan.

With the industrial base of CAS Space Exploration settled in Nansha previously, the district aims to formulate a ‘rocket+ satellite + application’ and boost the development aerospace industry. Geely’s aerospace business headquarters is also anticipated to attract more related companies in the Guangdong-Hong Kong-Greater Bay Area.

Earlier on March 8, the industrial base of CAS Space Exploration officially broke ground in Nansha. The project will feature such functions as rocket research & development, manufacturing and testing. It’s anticipated that the base will be capable of producing 30 rockets per year once completed.

Geely Technology Group Co., Ltd and Nansha district will continue to cooperate and accelerate technological investment and build Nansha into the first commercial aerospace center in China-ASEAN.

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