Friday, March 29, 2024
26.7 C
Haikou

Bo’ao Forum for Asia (BFA) Agenda Overview

Discussions on investment, technology, and climate action at the Boao Forum for Asia 2024 Annual Conference. Agenda Overview: March 26-29

Hainan Free Trade Port Encouraged Industries Catalogue (2024 edition)

Everything you need to know about the Hainan Free Trade Port Encouraged Industries Catalogue (2024 edition)

Permanent Residence Identity Cards now Enable Simplified Business Registration...

Hainan Province pioneers using Permanent Residence Identity Cards for simplified business registration, fostering a more inviting investment climate

All tariffs removed from NZ dairy entering China from...

New Zealand said on Monday all its dairy products were now able to enter China duty-free as safeguard duties on milk powder ended on Dec. 31st
HomeSports and OutdoorsHainan to spend...

Hainan to spend US$717 million on Formula E race circuit

Lianxin International, which has hosted Formula E races in China since 2014, will build an EV-themed entertainment compound in Sanya city. The venue will include a theme park, space for racing events and exhibition facilities for carmakers to showcase their vehicles.

Hainan Province is to establish a 5 billion yuan (US$717 million) entertainment venue dedicated to electric cars, which aims to host global sports events such as the Formula E World Championship while also helping carmakers showcase their products and their role in China’s decarbonisation efforts.

The project, to be located in Sanya city, is likely to begin some operations as soon 2025, according to Lianxin International, the Shenzhen-based conglomerate running the project.

Sanya confirmed for R 06 of the Formula E 2019 calendar
Formula E cars on show for the 2019 calendar

Lianxin has presented all of Formula E’s races in China, including the first event in Beijing in 2014, four events in Hong Kong, and the most recent race, in Sanya in March 2019.

The company is in discussions to introduce other events, such as the E1 World Electric Powerboat Series and the International Motorcycling Federation races to Hainan, its chairman Yin Xiaoming said in an interview.

“Hainan will definitely become an influential place for the Greater China region, even globally, in hosting international competitions and sports events,” he said. “It has unique strengths such as rich tourism resources and convenience brought by its free-trade port status, such as the exemption of visas or tariffs.”

The planned new-energy vehicle entertainment compound will include three segments: a theme park, a hotel, and a business-related segment mainly serving carmakers.

The theme park will offer visitors virtual-reality and real-life experiences such as electric go-karts and racing with professional drivers. The business segment will provide facilities for carmakers to host new-vehicle releases and exhibitions, and to accommodate clients for test drives.

The company expects construction of the new-energy compound to finish by the end of 2025, with its commercial launch likely in 2026. Some segments, such as test drives and exhibitions by car brands, could start as soon as 2025, Yin said.

Related article: More from Sports and Outdoors

Comment or complaint

If you would like to make a comment, compliment or complaint about any aspect of living or working in Hainan Island, we’d love to hear from you. We pass all communications on to the relevant services. Please keep it polite and to the point.

=
SourceSCMP

Latest properties for rent

Two bedroom apartment-rental lease transfer

Room 301, Building 9, Hongdao Garden, No. 352 Yehai Avenue, Chengxi Town 海南省海口市龙华区城西镇椰海大道352号港岛花园9栋301房
2
Bedrooms
1
Bathrooms
80.57 m2
Living area
¥2700

Guanhai Coffee Xixiu Beach

Sitting just a few steps away from Xixiu Beach in Haikou, Guanhai Coffee offers a nice escape for beach lovers and coffee enthusiasts alike. Its open-air setting and comfortable outdoor seating provide a nice...

Middle, primary school & Kg teachers needed – Sanya, Hainan – Aug 2024

Experience the best of both worlds - a fulfilling teaching career and an idyllic island lifestyle. Join our international school in Hainan this August...

UNIVERSITY LECTURER IN EARLY EDUCATION HAINAN

For this subject, we have several courses that require face-to-face teaching by a foreign teacher, with no more than 20 hours of teaching per...

Primary Homeroom Teacher Hainan Campus

The goal of Haidian Foreign Language Academy is to develop students that have the skills to be successful in both a Chinese and Western...

Related articles:

China-Thailand Visa Exemption Agreement Takes Effect: Visa-Free Travel for Passport Holders

China-Thailand visa pact begins Mar 1st, allowing 30-day stays for passport holders, hassle-free journeys for closer ties

Fourth China Int’l Consumer Products Expo: Latest Developments and Key Highlights

The Fourth China International Consumer Products Expo is nearing 90% completion, as thousands of exhibits from almost 50 countries and regions are confirmed for participation.

Hainan Cuts Down Payment for First Time Home Buyers

Hainan Province has moved to cut down-payment ratio for first-time homebuyers, the latest region in the country to ease mortgage policies to boost slumping home sales.

Hainan Responds to Lunar New Year Travel Surge

As Lunar New Year travel surges, Hainan grapples with congestion. Increased flights and ferry services deployed to ease stranded tourists

Get weekly email updates for new articles published!

Haikou
moderate rain
26.7 ° C
26.7 °
26.7 °
75 %
1.6kmh
100 %
Fri
26 °
Sat
32 °
Sun
34 °
Mon
35 °
Tue
35 °

Cosy Stays Beyond the Ordinary

Relax, Unwind, and Explore Hainan's Hidden Gems

Guanhai Coffee Xixiu Beach

Sitting just a few steps away from Xixiu Beach in Haikou, Guanhai Coffee offers a nice escape for beach lovers and coffee enthusiasts alike....

Romantic Turkey Halal Restaurant

Experience the Essence of Turkey at Romantic Turkey Halal Restaurant!Step into a culinary haven where the heart of Turkey comes alive on your plate....

Iron Hand Coffee

At Iron Hand Coffee, we specialize in both specialty blends and classic black or white coffee—all at prices that won't break the bank. Our...
spot_img

Bored? Need to get out more?

Latest News ...

China-Thailand Visa Exemption Agreement Takes Effect: Visa-Free Travel for Passport Holders

China-Thailand visa pact begins Mar 1st, allowing 30-day stays for passport holders, hassle-free journeys for closer ties

Fourth China Int’l Consumer Products Expo: Latest Developments and Key Highlights

The Fourth China International Consumer Products Expo is nearing 90% completion, as thousands of exhibits from almost 50 countries and regions are confirmed for participation.

Hainan Cuts Down Payment for First Time Home Buyers

Hainan Province has moved to cut down-payment ratio for first-time homebuyers, the latest region in the country to ease mortgage policies to boost slumping home sales.

Hainan Responds to Lunar New Year Travel Surge

As Lunar New Year travel surges, Hainan grapples with congestion. Increased flights and ferry services deployed to ease stranded tourists
spot_img

Looking for an international pre-school in Haikou?

Flora's International Preschool has three preschools in the Haikou area. Our schools follow a European curriculum

Continue Reading ...

The Porch Café Friday Special; Baked Beef Chimichangas

Introducing our Baked Beef Chimichangas – a tantalizing twist on traditional comfort food that's sure to become a family favourite! Tender, seasoned beef wrapped in a warm tortilla, baked to golden perfection, and served with all your favourite toppings. With each bite, you'll experience a burst of flavour reminiscent of home-cooked goodness.

Haikou Bay Performing Arts Centre Grand Theatre March Events

This March, immerse yourself in the timeless ballet composed by Pyotr Ilyich Tchaikovsky as well as the melodies of Wolfgang Amadeus Mozart, Ludwig van Beethoven, and Dmitri Shostakovich as their music comes to life on stage ...

Artists and Craftsmen International Exhibition – February 2024

Join us for a celebration of creativity at the Artists and Craftsmen International Exhibition, taking place on February 23-25, 2024, from 16:00 to 22:00 at Le Cape Shopping Mall.

Get weekly email updates for new articles published!

Never miss another important notice or event. Be informed of what you need to know, when you need to know it.