TEDA Achieved Good Start in Q1 of 2025

In the first quarter of 2025, the economic operation of TEDA continued to show an upward and positive trend, with the quality and efficiency of development continuously improving.

The main indicators of TEDA grew rapidly, and the area’s GDP reached 59.86 billion yuan, up by 6.0% year-on-year, an increase of 0.6% from the same period last year. Its fixed asset investment grew by 71%, up by 66.8 percent year-on-year of national average. The gross industrial output value reached 134.51 billion yuan, increasing by 5.6% year-over-year. In the first quarter, TEDA’s industrial output value contributed 48% of the city’s and 71% of Binhai New Area’s growth, further highlighting its leading role.

Key industries provided strong support. The added value of the manufacturing industry increased by 8.5% such as the added value of the automotive equipment industry rose by 13.8%, with the three major local car manufacturers, FAW Toyota, FAW-Volkswagen, and Great Wall Motors, producing 165,000 vehicles in the first quarter. The added value of the chemical new materials industry and that of the biomedicine industry increased by 10.6% and 13.8%, respectively.

Effective progress was made in attracting investment. Foreign investment reached 196 million US dollars, and domestic investment in industrial projects achieved 20.01 billion yuan. 38 major projects, including the 5-billion-yuan JD Consumer Finance and the 3-billion-yuan SEW Phase II, were signed and implemented, with a total investment of 16.64 billion yuan. Projects such as Shanhe Optoelectronics, Mandel Electronics, and CNOOC New Materials Base started construction. New projects like Novo Nordisk, Tianjin Bohai Chemical Industry Group Co., Ltd. (BCIG) Phase II, and Jemei Electronics, as well as technological transformation projects of Great Wall Motor, FAW-Volkswagen, and Samsung Electro-Mechanics, were accelerated. Projects like Nippon Paint, Sinopec Lubricants, Degao Chemical Chip Packaging, and North University of Chemical Technology Single-Center Catalyst were completed and put into operation. 

The quality and efficiency of development improved continuously. Investments in strategic emerging industries increased by 1.2 times, and in high-tech industries rose by 18.6%. The revenue of scientific research and technical services increased by 8.3%. The results of scientific and technological innovation were evident. The number of enterprise technology centers at or above the municipal level exceeded 100 for the first time. The project led by EMAGING, a TEDA-based company was approved for the national key R&D plan. Meanwhile, MicroNex Technology is also expected to be approved for listing on China’s New Third Board.