Han's Holdings Group plans to build an industrial base for the production of lithium carbonate in the Zhangjiagang Free Trade Zone in Suzhou, East China's Jiangsu province. [Photo/zjgonline.com.cn]

The Zhangjiagang Free Trade Zone (FTZ) in Suzhou, East China's Jiangsu province on March 27 signed agreements for three major projects worth 7.5 billion yuan ($1.14 billion) in investments, according to a local news report.

These projects cover industries like new energy, new materials, and modern logistics, which have high scientific and technological content.

Han's Holdings Group, whose main business involves high-tech equipment manufacturing, new energy resources, and health care, announced at the singing ceremony that it will build an industrial base for the production of lithium carbonate in the zone.

Freight company Huolala said that it plans to construct its East China regional headquarters in the FTZ, and Suzhou RunYL will increase investment in Zhangjiagang to expand its production capability of high-end lubricating oil. All these projects will serve as new growth engines for the city's high-quality development.