From Nov. 16 to 20, 2023, The 7th Silk Road International Exposition (SRIE) and the Investment and Trade Forum for Cooperation Between East and West China, commonly known as the Silk Expo, was held in Xi’an, Shaanxi Province. With the theme of “Economic and Trade Expansion, Interconnection, Mutual Benefit and Win-Win”, the event was co-organized by National Development and Reform Commission, Ministry of Commerce, All-China Federation of Returned Overseas Chinese, All-China Federation of Industry and Commerce, China Council for the Promotion of International Trade, State Administration for Market Regulation, and the Shaanxi Provincial Government. The Silk Expo has played a key role in deeply integrating with the Belt and Road Initiative, laying a groundwork for inland reform and opening up, and promoting a new development model focused on domestic and international "dual circulation”.

At this year's Silk Expo, Neoway Technology, as a pivotal high-tech enterprise in Yulin City's investment drive, signed an agreement to set up operations in the Yulin High-Tech Zone. The company plans to establish the Neoway Global Digital and Power Headquarter, leveraging its technologies in IoT, market advantages in the energy sector, and pioneering role in IoT perception system development. This move is aimed at supporting Yulin's urban governance and the digital transformation of in energy.

Yulin, a leading city in Shaanxi in terms of economy, energy, and digital innovation, is committed to implementing new development strategies. The city aspires to become a world-class high-end energy and chemical base, the most influential city in the Shaanxi-Gansu-Ningxia-Inner Mongolia-Shanxi region, and a model for ecological civilization on the Loess Plateau. Focused on strategic planning and overall coordination, Yulin is emphasizing the high-end and green transformation of its traditional industries like lanthanum carbon and metal magnesium, and the coupling of "coal chemical + hydrogen" initiatives. The city is driving this transformation through intelligent technologies, relying on foundational industries to achieve a digital and intelligent transformation.

Neoway Technology plans to harness Yulin's industrial strengths, focusing on developing digital energy IoT solutions. With Yulin as its base, the company aims to influence energy cities within a 500 km radius, covering Shaanxi, Inner Mongolia, Shanxi, Ningxia, and Gansu. Building on its experience in IoT perception system construction in cities like Chongqing and Changsha, Neoway Technology will aid Yulin in developing a municipal IoT operations and management service platform. This platform will enhance the city's IoT infrastructure capabilities, ensure continuous operation of IoT perception systems, support various IoT applications, stimulate diverse IoT investments, and promote the IoT industry's growth, positioning Yulin as a national model for urban IoT perception system construction.

Having already established a presence in cities like Chongqing, Xi'an, and Xining, Neoway Technology is known for creating city governance IoT solutions that meet government management needs. Its new agreement to settle in Yulin will provide innovative technologies, products, and services in digital transformation of the energy industry, urban safety, ecological and environmental governance, and data center construction. This collaboration aims to develop digital applications unique to Yulin, boosting the high-quality digital advancement of the city's industries.