The work plan for the Qingdao International Investment Industrial Park (2020-2025) was recently launched.

As the largest complex in the Jinan-Qingdao-Yantai International Investment Park, the Qingdao industrial park aims to become a "highland" for international investment.

According to the plan, the park will focus on building three industrial clusters - digital technology and intelligent manufacturing, new energy vehicles, and smart home appliances - and attract investment and projects from Fortune 500 companies and industry leaders.

The digital technology and intelligent manufacturing industry cluster will occupy an area of 4.5 square kilometers in the West Coast New Area.

The digital technology sector will focus on the development of integrated circuits, new displays, ultra HD videos and other related products. The intelligent manufacturing sector will focus on developing intelligent equipment and robot manufacturing as well as building an intelligent manufacturing industry cluster that integrates R&D, design and production services.

The new energy automobile industry cluster spans 6.3 square kilometers in Jimo district and 15 square kilometers in Laixi, a county-level city in Qingdao. This cluster will accelerate the introduction of new energy vehicle projects, develop automotive electrical appliances and build the largest new energy vehicle industrial base in the world.

The 11.5-square-kilometer intelligent home appliance industry cluster area is located in Pingdu, a county-level city in Qingdao. It will focus on the development of home appliances, smart home, smart terminal, data transmission and processing modules so as to improve the international competitiveness of the country's smart home appliances industry.

By 2025, the Qingdao International Investment Industrial Park will contain no less than 130 leading enterprises and have an industrial scale of 270 billion yuan ($38.66 billion), according to the plan.