City debut of its first 5G industry park in Jinqiao
Representatives of several firms sign up to invest in Shanghai's first 5G industry park in Jinqiao.
A 5G industry park has made its official debut in the city’s Jinqiao area, the first of its kind in Shanghai.
The first batch of 42 firms, including Huawei and SAIC, announced investments totaling 13 billion yuan (US$1.86 billion) there.
They will be building innovation and research centers, regional headquarters and investment funds. Among them, 20 projects broke ground with total investment of 5.4 billion yuan.
The park features three key applications based on 5G technology, covering cars, smart manufacturing and a digital port.
Facilities being set up include Huawei’s 5G innovation center, SAIC’s smart connection center, China Mobile’s 5G application center and CAICT’s (China Academy of Information and Communications Technology) 5G open standard lab. They cover leading firms in the 5G supply chain, including equipment and smartphone vendors, mobile carriers, car makers and industry testing and regulation centers.
Other firms in Jinqiao of the Pudong New Area include Nokia Shanghai Bell, AMEC and Hudong-Zhonghua Shipbuilding, covering 5G’s integration with industry and manufacturing.
