Intelligent NEVs, AI robots, VR interactive terminals, intelligent wearables, and smart home appliances are the focus of end product development.

By 2025, the industry scale is expected to exceed 700 billion yuan ($98.09 billion).

For eligible high-quality projects in the smart terminal sector, support will be granted, not exceeding 30 percent of the project investment or a maximum of 20 million yuan. Additionally, encourage the research and industrialization of key components for new energy and intelligent connected vehicles. For qualified fuel cell key component projects, a maximum reward of 30 million yuan is offered for individual enterprises producing similar key component products.

The aforementioned incentives are derived from the Policies and Measures on Strengthening Investment Promotion and Accelerating the Construction of a Modern Industrial System in the New Era.

Source: Shanghai Foreign Investment Guide 2023