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flag Shenzhen invests 2.32bn USD in biomedical, AI, and NEV industries, sees 21.1% AI growth and 104.2% NEV production increase.

flag Shenzhen, a tech hub in Guangdong Province, China, is focusing on artificial intelligence (AI), new energy vehicles (NEV), and biomedical industries by creating independent offices for each sector staffed by young professionals. flag The city has allocated 16.5 billion yuan (about $2.32 billion) in funds to support biomedicine. flag In 2023, Shenzhen's AI industry output surpassed 300 billion yuan, reflecting a 21.1% annual growth, while NEV production surged 104.2% with over 1.73 million vehicles.

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