According to GlobalData, the value of China construction market is forecast to grow by 4.4% in real terms in 2024, having grown by 4.4% in 2023. A key growth market will be the infrastructure market, with output rising by 18.0% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five manufacturing plant construction projects that commenced in China in Q3 2024, according to GlobalData’s construction projects database.
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1. Hohhot Sodium-Ion Battery and Energy Storage Industrial Park
The project involves the construction of 50GWh sodium-ion battery and energy storage production plant on 80ha of land in Hohhot, Inner Mongolia.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
2. Hotan Lithium Power Battery Intelligent Manufacturing Plant
The project involves the construction of a lithium power battery intelligent manufacturing plant at Cele county in Hotan Prefecture, Xinjiang.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2027.
3. Nanjing Integrated Circuit Advanced Packaging and Testing Industrial Facility: Phase II
The project involves the construction of an integrated circuit packaging and testing production facilities in the Pukou District, Nanjing City, Jiangsu Province.
Construction work started in Q3 2024 and is forecast to complete in Q4 2028.
4. Huzhou Microcavity Electronic Paper Display Device Manufacturing Plant
The project involves the construction of a microcavity electronic paper display device manufacturing plant in Huzhou, Zhejiang.
Construction work commenced in Q3 2024 and is expected to be completed in Q4 2027.
5. Xiamen Energy Storage Battery Production Line
The project involves the construction of a 30GWh energy storage battery production line in Tong’an, Xiamen, Fujian.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
For more details on the latest construction projects, buy the profiles here.
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