Jiading Hydrogen Park, Shanghai's first hydrogen energy and fuel cell industrial park, has attracted over 50 hydrogen energy and intelligent automobile industrial projects that have a total investment of over 10 billion yuan ($1.57 billion).

Six Jiading companies were placed on the 2021 private company headquarters list that was released by the Shanghai Municipal Commission of Commerce recently.

Shanghai used a record $22.55 billion of foreign capital last year, up 11.5 percent year-on-year, Gong Zheng, the city's mayor, told a news conference after the municipal people's congress meeting on Sunday.

Shanghai's gross domestic product (GDP) exceeded the four-trillion-yuan ($630.4 billion) threshold in 2021, local authorities said Thursday.

The construction plan of an intelligent and connected automobile industry college was officially launched on Jan 14 at Shanghai Apollo Park, which is located in the Shanghai International Automobile City in Jiading district.

The latest measures announced by the Shanghai municipal government on Thursday to activate the growth and development of market entities showed the metropolis' resolution to guarantee a fair play business environment for its more than 3 million market entities, experts said.

SKF, a leading bearings manufacturer, signed an agreement with Shanghai's Jiading district on Jan 12 to establish its green intelligent technological project in the district.

Jiading district's automobile industry companies are benefiting from the Regional Comprehensive Economic Partnership, as the agreement helps lower tariffs for trade of automobile components to reduce production costs.