The 14th Five-Year Plan period (2021-25) marked a critical phase of transformative development and huge energy-level leap for the Qingdao automotive industry new town.

Defying challenges, the new town delivered an impressive performance characterized by both quantitative growth and qualitative improvements, emerging as a vital engine for high-quality regional economic development.

Over these five years, the industrial scale expanded rapidly. The number of large-scale industrial enterprises surged from 80 to 107, an increase of 34 percent, reflecting strong market appeal and corporate vitality.

On this dynamic land, the cumulative output value of large-scale industries exceeded 330 billion yuan ($46.67 billion), with each figure attesting to the robust momentum of the park as a core growth driver.

The FAW-Volkswagen Industrial Park in Jimo district, Qingdao. [Photo/WeChat account: jmfabu]

The 14th Five-Year Plan period marks a critical phase of transformative development and huge energy-level leap for the Qingdao automotive industry new town. [Photo/WeChat account: jmfabu]

The Qingdao automotive industry new town emerges as a vital engine for high-quality regional economic development. [Photo/WeChat account: jmfabu]