Core Insights - Chongqing Liangjiang New Area's new energy and high-end intelligent equipment industry experienced a year-on-year growth of 14.16% in Q1, marking the highest growth rate in nearly two years [1] - The new energy and new energy storage sector grew by 41.1%, while the intelligent equipment and intelligent manufacturing sector saw a growth of 19.65% [1] Company Highlights - Chongqing Cummins achieved a production value of 1.344 billion yuan in Q1, a year-on-year increase of 29%, and celebrated the production of its 330,000th engine [4] - Chongqing Hitachi Energy Transformer Co., Ltd. reported a production value of approximately 630 million yuan in Q1, reflecting a growth of about 40% [3] - SANY Heavy Machinery (Chongqing) Co., Ltd. is experiencing a recovery in performance due to the ongoing improvement in the construction machinery industry, with domestic excavator sales increasing by nearly 40% year-on-year [6][10] Industry Developments - The "Xinjiang Power to Chongqing" project is a key initiative that enhances Chongqing's ability to receive clean energy from Xinjiang, significantly improving the power grid's supply capacity [1][3] - The establishment of the China Machinery Industry Instrumentation Group in Chongqing aims to strengthen the domestic instrumentation industry and promote high-end market penetration [9] - The Liangjiang New Area has signed three new central enterprise projects in Q1, with a total investment of 1.221 billion yuan, further solidifying its position in the new energy and high-end intelligent equipment sectors [9][10]