Core Insights - Changzhou is set to achieve a scale of 1.0479 trillion yuan in its new energy industry by 2025, marking a significant transformation from a traditional industrial hub to a modern industrial center [1][2] - The city has been on a 16-year journey to become a "New Energy Capital," with strategic initiatives starting in 2009 and culminating in 2023 when the new energy sector contributed nearly 50% of the city's industrial output [2][3] - By 2025, Changzhou aims for a "double trillion" goal, with both the new energy industry and the capital market's new energy sector exceeding one trillion yuan [3] Industry Development Timeline - In 2009, Changzhou launched the "Action Plan for Revitalizing Five Major Industries," marking its entry into the new energy sector [2] - By 2023, the new energy industry generated 768.1 billion yuan, accounting for almost half of the city's industrial output and contributing 98.9% to industrial growth [2] - In 2024, Changzhou was recognized as "China's New Energy Capital," solidifying its position in the national new energy landscape [2] Government and Investment Strategies - The shift from a "land finance" model to a "equity finance" model is emphasized, where local governments are encouraged to act as "angel investors" to attract social capital into high-tech industries [5] - Changzhou's government played a crucial role in revitalizing struggling companies like China Aviation Lithium Battery, which turned around after receiving strategic investments [6] Industry Ecosystem and Collaboration - Changzhou has developed a highly collaborative new energy industry map, with major players like CATL and other battery manufacturers establishing a strong presence [7][8] - The city has created an industrial ecosystem that integrates production, storage, transmission, application, and networking, positioning itself as a leader in the new energy sector [8] Future Prospects - By 2025, the production capacity for power batteries in Changzhou is expected to exceed 212.9 GWh, making it a top player in Jiangsu and among the top three nationally [8] - The city is also recognized as a pilot city for electric vehicle electrification in the public sector, further enhancing its reputation in the new energy domain [8]
城记 | “新能源之都”常州：一座“万亿之城”与它的“万亿产业地标”