Economic Watch: Private businesses power China's tech-driven industrial transition


CHONGQING, Nov. 5 (Xinhua) -- In a high-tech factory workshop, over 1,600 intelligent terminals and 3,000 robots work in concert, rapidly welding and painting as smart, connected vehicles roll off the production line.

This is the scene at a super factory of Seres Group, a technology-based manufacturing enterprise with new energy vehicles (NEVs) as its core business, located in southwest China's Chongqing Municipality.

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