On September 18, 2025, new energy vehicles ready for rollout were photographed at Changan Automobile's smart factory assembly line in Yubei District, Chongqing.
At SERES Group's (09927) super factory in Chongqing, a high-tech production scene unfolds. Over 1,600 smart terminals and 3,000 robots collaborate seamlessly, swiftly completing welding, painting, and assembly processes for intelligent connected vehicles.
"We are now deeply focused on the high-end intelligent NEV sector, having built three super factories. In the first three quarters of this year, our group revenue exceeded 110 billion yuan, with NEV sales surpassing 300,000 units," said Zhang Xinghai, Chairman of SERES Group.
SERES' rapid growth epitomizes the vitality of private enterprises in western China. In Chongqing alone during the 14th Five-Year Plan period, the added value of private economy surged from 1.48 trillion to 1.98 trillion yuan, accounting for 61.6% of GDP. Private market entities grew from 2.9 million to 3.67 million, representing 97.8% of total entities.
Today, private firms in the region are fully engaged in advanced sectors like smart manufacturing, digital economy, and green energy. Leveraging 5G and cloud computing, these enterprises align precisely with regional development strategies, propelling western China toward becoming a technological innovation hub.
Chongqing Huafeng, a chemical new materials specialist, has achieved cumulative output exceeding 200 billion yuan, establishing the world's largest adipic acid production base and China's top aluminum thermal transfer composite facility. "Digital transformation has elevated our industrial chain and created an advanced materials ecosystem," noted Chairman You Feiyu.
Innovation extends across other sectors. OPPO's Chongqing plant, after adopting smart management systems, now produces foldable phones at one-unit-per-minute speed. Chongqing Zhifei Biological's self-developed flu and HPV vaccines have gained international certification and global distribution.
German-Sichuan Chamber President Yan Shu established the Overseas Chinese Entrepreneurs Industrial Park, attracting 11 high-tech projects including an automotive wiring harness factory projected to generate 2 billion yuan output next year.
Private enterprises contributed over 70% of China's technological innovations in 2024, comprising 80% of national "little巨人" specialized firms. In Chongqing, top 100 innovative private firms invested 17.34 billion yuan in R&D (23.12% of municipal total), while Sichuan's tech innovation leaders are 83% privately owned.
Supportive policies like Shaanxi's "Ten Measures for Private Economy Development" and Chongqing's "Highland Construction Plan" foster innovation through market access, financing, and digital transformation support.
At the recent Global Chongqing Entrepreneurs Summit, 567 billion yuan worth of projects were signed, spanning NEVs, AI, and electronics. "We'll expand investments to build next-gen production lines and smart-green benchmark factories," said Wang Zhiyong, Chairman of HKC Corporation, highlighting collaborative efforts for regional high-quality development.