Silicon steel is widely used in manufacturing core components of motors, transformers and generators due to its high magnetic permeability. Like Chuangweida, there are many companies that are optimistic about the development prospects of the silicon steel industry and invest in building factories. Yan Zhenhua, director of the Economic Cooperation Bureau of Loudi Economic Development Zone, said: The construction of the silicon steel industrial park with a planned area of 8,000 acres in the district is advancing rapidly, and a new "park in the park" motor industrial park has been built. Although the park has not yet officially opened, 12 companies have been introduced this year. Among them, three companies including Chuangweida have put into production, and three companies including Hunan Luobo Automation Equipment Group Co., Ltd. have entered the site to install equipment, which is a hot scene.

Loudi is known as the "Steel City". In recent years, Loudi has vigorously built a "Material Valley", based on the "steel" foundation, and has made enough "steel" articles, and has embarked on an industrial transformation path from ordinary steel to high-strength steel, silicon steel, and automobile steel. On this basis, we will highlight the main direction of silicon steel and build a silicon steel industry chain for motors, transformers and household appliances.

Loudi City has compiled the "Loudi Silicon Steel Industry Development Plan", which clarifies the goal of building the silicon steel industry into a new 100 billion-level industrial cluster during the "14th Five-Year Plan" period. The "Special Policy for the Silicon Steel Industry in Loudi" has been formulated and will be released in the near future. A municipal-level leading group for the high-quality development of the silicon steel industry has been established, and a special work team has been set up to focus on "recruiting new people" for the project on one hand and empowerment support on the other.

Hunan Lelibao Electric Co., Ltd. (Lelibao for short) is a transformer manufacturer. In recent years, as Loudi vigorously develops the silicon steel industry, Lelibao plans to expand its production lines for transformers, distribution cabinets and other products. Due to financial pressure, the project progressed slowly. The service team actively coordinates and builds connections to help companies expand their markets, and has reached direct supply with local production companies for core silicon steel sheets. Currently, Lelibao's expanded production line has been put into operation.

"We develop the silicon steel industry and build an industrial chain for motors, transformers and household appliances. The essence is to promote the steel industry to continue to upgrade to the mid-to-high end." Liu Jian, director of the Office of the Leading Group for the High-Quality Development of the Silicon Steel Industry in Loudi, said. With the investment of 8 billion yuan in Lianyang Iron and Steel Electromagnetic Materials and other series of projects put into production, Loudi's 4.5 million tons of silicon steel substrate and 3 million tons of full-process silicon steel production capacity are being formed. This year, 20 silicon steel industry chain projects have been introduced, with a total investment of 15.75 billion yuan; it is planned to introduce more than 20 motor companies in 2024 to cultivate "new forces" in motors and cultivate and develop "new forces".