Hainan's Sanya hits high gear to build racing circuit

A premier beach destination in Hainan province, Sanya is on the fast track to raise its popularity further among international tourists and racing enthusiasts.

In December, Sanya signed a cooperation agreement in Hong Kong with Lianxin International Investment Corp to build a world-class electric vehicle entertainment complex aimed at hosting big-ticket events such as the Formula E World Championship, the E1 World Electric Powerboat Series and International Motorcycling Federation races.

The project, involving an estimated investment of 5 billion yuan ($738 million), will promote electric mobility and green energy solutions in cities.