Shanghai Nuo Di Law Firm observed that on September 26, 2019 was held the Promotion on New Energy Vehicle Industry Development and key projects signing ceremony in China (Shanghai) Pilot Free Trade Zone Lin-gang New Area. The total investment of these projects contain nearly 8 billion yuan that is planned to invest on manufacturing, application, service and functional platforms. 

Smart energy vehicles is an important industry in the layout and development of Shanghai Lin-gang New Area. From the beginning of 2007, SAIC autonomous brand vehicle , Benz remanufacturing, YFK and other industry leading enterprises come in a continuous stream. A large number of supporting enterprises of upstream and downstream industries have been set up, forming a fully functional industrial chain.In 2018, the completed vehicle of SAIC EV31 project was rolled off the production line, further enriching the types of Lin-gang new energy vehicles. In the same year, the world electric vehicle industry giant Tesla landed in Lin-gang new area. It was the largest foreign manufacturing project in the history of Shanghai and also the first project after the opening of the domestic electric vehicle foreign shares. In 2018, the industry's total output value reached 38 billion yuan.

Shanghai Nuo Di Law Firm believes that this signing activity indicates that the industrial chain of smart network connected new energy vehicles in Lin-gang new area is becoming more and more complete, the development space is expanding, and the aggregation effect is becoming more and more prominent. The Lin-gang New Area will rely on the advantages of automobile industry agglomeration, play a guiding role in policy, promote the new integration of global innovative resources and industrial resources globally, formulate a new driving force for the development of intelligent network connected new energy vehicles and promote Lin-gang to become a new highland of the world intelligent network connected new energy vehicles industry.