Baotou companies share grant worth 6.7m yuan
Three Baotou-based companies won a development grant of 6.7 million yuan ($1 million), according to a Jan 10 Baotou Daily report.
The three companies –– Baotou Dongbao Bio-tech Co, Inner Mongolia North Hauler Joint Stock Co and Baotou Changan Permanent Magnet Motor R&D Co –– are all located in Baotou Rare Earth High-Tech Industrial Development Zone and will share the money.
A total of eight tech-based companies in the development district applied for the development fund with projects covering areas including industrial and technological innovation, and the integration of manufacturing and internet technologies.
Baotou Rare Earth High-Tech Industrial Development Zone [Photo provided to chinadaily.com.cn]