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Taizhou's cargo throughput up 53% in Q1

chinadaily.com.cn | Updated: 2022-04-11

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A bevy of private companies in Taizhou, East China's Zhejiang province have in recent years emerged as industrial leaders thanks to their sustained R&D efforts.

One such example is JCTimes, which has become the second company in the world capable of developing electrochromic glass.

The glass developed by the company based in Taizhou's Huangyan district has functions including dimming, temperature control and energy saving. The glass has been installed in the e-sports stadium of the 19th Asian Games, which will take place in Hangzhou this September.

Zhejiang Crystal-Optech Co Ltd, the only domestic company that mass produces augmented reality-powered heads-up display systems, is another example.

Headquartered in Jiaojiang district, the company delivered more than 40,000 AR-HUD systems in 2022, and the figure is expected to hit 300,000 this year, according to Xiong Bo, deputy general manager at Crystal-Optech.

A national manufacturing hub, Taizhou currently has 27 industry clusters with an annual output value of 10 billion yuan ($1.45 billion). The city is home to 307 products that have the largest shares in their niche markets in the world.

The strong results can be primarily attributed to the large investments Taizhou has pumped into R&D in recent years.

Ninety manufacturing companies have been honored as national "little giant" companies, with the proportion of their R&D spending in revenue reaching 5.3 percent on average.

Earlier this year, a provincial innovation center for high-grade CNC machine tools was established in Wenling, a county-level city in Taizhou. The center is expected to shore up the city's innovation strength.