On April 15, 2026, Hainan Huatie Lianhang Technology Co., Ltd. and the Dongfang Municipal People’s Government signed an agreement during the “Rising Tide in Dongfang” investment promotion event, part of the 2026 Hainan Sanyuesan celebrations. The RMB 1 billion smart new-energy yacht manufacturing and sales-center project marks a major step in the company’s integrated Hainan Free Trade Port strategy across R&D, manufacturing, operations and global sales. It will also support Dongfang’s ambition to become the core yacht-industry platform and global sales center on Hainan’s west coast.
With capabilities across the new-energy yacht value chain, Huatie Lianhang was one of the key companies signing agreements at the event, reflecting its technology, industrial strategy and ability to integrate Free Trade Port resources.
1. Public-private collaboration for a new west-coast yacht ecosystem
Huatie Lianhang operates within the Hainan Development Holdings system and focuses on the full smart new-energy yacht value chain, including design and R&D, manufacturing, operations and services, industry-chain integration and digital platforms. The partnership with Dongfang will advance four priorities:
- Establish a west-coast new-energy yacht exhibition and trading center that combines brand presentation, sales experience and delivery services;
- Develop an operations base providing berth management, maintenance and repair, crew training, route planning and emergency support;
- Jointly create premium marine-tourism routes that connect yacht consumption with Sanyuesan culture and west-coast coastal tourism;
- Attract upstream and downstream partners to form an industrial cluster spanning manufacturing, sales, operations, tourism and finance.
2. Combining advantages to unlock Free Trade Port growth
At the event, Huatie Lianhang Executive President Han Dongrun highlighted three reasons for the company’s confidence in Dongfang:
Free Trade Port policy advantages
Hainan’s framework of zero tariffs, low tax rates and a simplified tax system can provide policy support for the import of yachts and key components. Eligible products that achieve more than 30% local value added may receive customs benefits when sold into the domestic market, helping reduce manufacturing and end-market costs and improve global competitiveness.
Natural advantages on Hainan’s west coast
Dongfang occupies a strategic west-coast location with favorable shoreline and port conditions. Basuo Port is a national first-class open port, supporting precision yacht manufacturing, long-term berthing, safe navigation and cross-border logistics.
An efficient business environment
Dongfang has introduced approval innovations such as coordinated issuance of five permits and commitment-based project starts. Continued improvements in public services can help projects move quickly from agreement to operation.
3. Reshaping the industry through next-generation productive capacity
The agreement is an important step in implementing Hainan Free Trade Port’s marine-economy strategy and developing new productive capacity in the yacht sector. Huatie Lianhang will advance the industry in three dimensions:
- Products: Replace conventional fuel-powered boats with new-energy and intelligent systems, address pain points in noise, emissions, cost and user experience, and focus on mainstream 12–20 meter yachts designed for Chinese business and lifestyle needs;
- Business model: Promote asset-light sharing and fully managed services to lower the threshold for yacht access and activate latent demand;
- Ecosystem: Use Dongfang as a manufacturing hub and combine it with Free Trade Port advantages to build an integrated platform for R&D, production, sales, operations and secondary-market circulation.
4. Outlook: opening a new decade for China’s new-energy yacht industry
The partnership is a key step in Huatie Lianhang’s national expansion and deeper commitment to the Hainan Free Trade Port. The company will work closely with the Dongfang government to accelerate construction, attract an industrial cluster and cultivate consumer demand. The goal is to support Dongfang as a strong marine-economy city in western Hainan and a west-coast yacht-industry center, while contributing to the high-quality development and global reach of China’s new-energy yacht sector.