The CEE international industrial cooperation park was officially inaugurated in Yuyao, East China’s Zhejiang province on June 10, 2020.

The first batch of 15 projects such as the sports car project and the hub motor fully integrated industrialized project were signed and settled on the same day, with a total investment of 7.07 billion yuan (about 1 billion USD), involving Slovenia, Serbia and other countries.

The park marks another open and heavy weight platform in Yuyao, which is of great significance and far-reaching influence for the district to take the lead in the in-depth integration into the construction of Belt and Road Initiative, the integrated development of the Yangtze River delta, and the construction of Ningbo Qian Wan new area.

The park aims to strengthen the cooperation with CEEC and other countries in fields such as technology, capital, and qualified personnel, which is oriented towards innovation, low carbon and environmental protection. It is an important practice of “17+1” cooperation under the new globalization background, to build a "win-win" platform and to become a CEE science and technology innovation leading zone.

An innovation centre in Budapest, Hungary will also be set up, comprehensively carrying out overseas offshore technology transfer and hatching, especially for developed Hungarian automobile manufacturing and biomedicine.