Mingyang Group started the construction of its headquarters base in Zhongshan's Torch Development Zone on February 23. This is the first project in Zhongshan built on land for mixed use.

Mingyang Group, founded in 1993, is a private enterprise that has thrived in Zhongshan. In 2020, it became one of the top 500 enterprises of China, and its output value exceeded 70 billion yuan in 2021. Mingyang Group has developed into a leading enterprise engaging in the R&D and manufacturing of new energy equipment and investment operation and services.

Mingyang's headquarters and innovation R&D base under-construction covers an area of 118 mu (about 7.86 hectares), with a total investment of 1.1 billion yuan. After completion, it is expected to bring in an additional output value of 1.45 billion yuan per year and an additional annual tax revenue of 95 million yuan for Mingyang Group.

Zhang Chuanwei, Party secretary and chairman of Mingyang Group, said that the company will increase investment in innovation and its core industries, and strive to reach the 100 billion yuan-level as a high-end equipment industry cluster and a Fortune Global 500 company.