On the evening of the 18th local time in the United States, at the Wuhan-Chicago High-end Economic and Trade Reception, the Chicago Enterprise signed a contract with the Wuhan Development Zone for 9 projects with a total investment of 16.2 billion yuan. In addition to Wuhan's traditional automobile industry, these projects have added strategic emerging industries such as new materials, Internet of Things, and bio-pharmaceuticals; in addition to traditional manufacturing, they also cover research and development, which are high-profit segments of the industrial chain. Wuhan Development provides continuous assistance. Cummins, the world's largest independent engine manufacturer, is the largest foreign-invested company in China's diesel engine industry. It has been working with Dongfeng Group for 26 years and established the East Asia R&D Center in Wuhan Development Zone. It is China's first Sino-foreign joint venture engine technology center. Cummins has a total investment of more than US$1 billion in China, and Wuhan has the highest investment intensity of US$150 million. The Cummins company plans to invest another US$100 million to expand its R&D center and use its “Chinese wisdom†for its global products. Wanbang Laser Diamond Tools Co., Ltd., which has entered the United States for three years but defeated the 50-year-old factory in the United States, is headquartered in Wuhan Development Zone. It is the only Chinese company with its own brand in the international market. The only one in the world can produce diameters over 1.2. For laser-welded diamond saw blades, the cost of such products is only about 20% of the sales price, and the gross profit margin is as high as 80%. Wanbang plans to expand sales in the United States and build a new export processing and production base in Wuhan Development Zone with a total investment of 1.06 billion yuan. When it is completed and put into production in 2013, it will form 1.5 million pieces of diamond tool processing capacity, with an export value of more than 100 million US dollars. The annual sales will reach 3.8 billion yuan. The Hughes Internet of Vehicles project signed on-site was jointly established by Hughes Internet of America Co., Ltd., Wuhan Economic Development Investment Co., Ltd. and China Oriental Intelligent Vehicle Consulting Group with a total investment of USD 250 million. It plans to set up its China headquarters in Wuhan Development Zone. Through unified operation and management platform and service network covering the whole country, it provides traffic information interaction and intelligent driving for domestic and foreign famous automobile manufacturers, professional fleets, insurance companies and other industry users and individual users. It is expected to realize sales income of 7.4 billion yuan within 5 years. The leading enterprise in the application of Internet of Things in China. Relying on the world-leading network technology and equipment of Hughes Network International, Education Star Holdings Co., Ltd. plans to establish China Education Star Technology Platform in Wuhan, dedicated to satellite broadband access, construction, equipment, technology and application in education. The total investment of the project is 10.2 billion yuan. Using satellite Internet access is 10 times faster or even hundreds of times faster than the existing network speed. This project is planned to gradually build a nationwide education field within five years.
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