# Qingdao West Coast New Area signs 11 projects worth ¥17.2 billion

The Qingdao West Coast New Area signed 11 key projects totaling ¥17.2 billion on March 11, 2020, including a ¥1 billion commercial air conditioning project by Hitachi and Hisense, a ¥600 million intelligent storage equipment project, a $23 million smart medical device project, and a ¥5 billion Zhongke industrial park.

- Type: Investment
- Announced: 2020-03-11
- Where: Qingdao West Coast New Area, China
- Value: $2.46B (17.2B CNY)
- Status: announced
- Products: commercial air conditioning units, automated stereoscopic warehouses, logistical storage equipment, remote intelligent heart monitors, non-invasive blood glucose meters
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Medical Devices](https://endata.com/sectors/medical-devices.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Hitachi](https://endata.com/companies/1325.md) (investor)
- [Hisense](https://endata.com/companies/7700.md) (investor)

## Sources

- [govt.chinadaily.com.cn](https://govt.chinadaily.com.cn/s/202004/08/WS5e8dd188498ea01b9aea2385/qingdao-west-coast-new-area-signs-17-2b-yuan-in-projects.html), 2020-04-08: "The projects involve high-end manufacturing industries such as smart home appliances, medical equipment, smart marine manufacturing, and a development platform for new-generation industrial parks."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.