Main structure of Phase 1 of the Nantou Intelligent Home Appliance Manufacturing & Innovation Center, the largest industrial park renovation project under construction in Zhongshan's Nantou Town, was topped out and has begun furnishing.

The project is expected to deliver the entire 94,000 square meters of Phase 1 factory buildings to enterprises in February 2024, and to be fully completed by the end of the same year.

In early 2024, Hongyuan Geothermal Heat Pump Technology (Zhongshan) Co, a subsidiary of Changhong, a consumer electronics giant in Guangdong, will settle in the park and build a south China manufacturing base jointly with Xiaomi Corporation.

With an investment of 500 million yuan from Nantou Town, the park mainly includes 3 workshop buildings and 2 supporting buildings. Its output value is expected to reach 1 billion yuan in 2024, 2 billion yuan in 2025 and 3 billion yuan in 2027.