The commencement ceremony of the Jiayuan Technology medium and large liquid launch vehicle assembly and recycling base project was held in Qiantang District, Hangzhou. This is the first domestic offshore recycling and reuse rocket production capacity base, and also the first stainless steel rocket gigafactory. The project has a total investment of 5.2 billion yuan. After completion, it will have a large-scale manufacturing capacity of 25 rockets per year.

The commencement ceremony of the Jiayuan Technology medium and large liquid launch vehicle assembly and recycling base project was held in Qiantang District, Hangzhou. This is the first domestic offshore recycling and reuse rocket production capacity base, and also the first stainless steel rocket gigafactory. The project has a total investment of 5.2 billion yuan. After completion, it will have a large-scale manufacturing capacity of 25 rockets per year.