Besides Huayou Cobalt, a leader in the cobalt sector, we have also introduced the Fortune Global 500 company POSCO, forming a new energy power battery material industry represented by companies like Puhua New Energy and Huayou-POSCO. Tongkun and Xin Feng Ming, two leading chemical fiber giants, altogether take 29% of the domestic market and 23% of the global market for PFY. We also have China Jushi, the largest glass fiber enterprise in the world, taking 25% of the global market share in glass fiber capacity.

The glass fiber and composite materials industry cluster has been selected as a national-level characteristic industry cluster for small and medium-sized enterprises, which is the only one Jiaxing.

Tongxiang has a new manufacturing industry with solid foundation.

Tongxiang not only has the automobile components and parts industry represented by Tederic, Zhejiang Guben, and MIAXIS, but also has a number of industry singles champions,  among which JEAMO Motor is the largest single-phase asynchronous AC motor manufacturer in China and the supplier of Samsung, Midea, Haier and other well-known enterprises; Yifeng is the largest manufacturer of key components and parts for auto air-conditioning compressor in China, and Double Arrow is the singles champion in the domestic rubber conveyor belt industry, ranking first in the overall domestic industry for 14 consecutive years.