On August 1, 2018, Zhejiang University and the Ningbo Municipal People's Government signed an agreement to jointly build Zhejiang University, Ningbo. With the support of Zhejiang University's high-quality school-running resources, Zhejiang University, Ningbo aims at the needs of Ningbo's economic and social development, and provides intellectual and human support for regional development.

Zhejiang University, Ningbo features a high-level, research-oriented, international campus that integrates research and technology transfer, in addition to regular undergraduate and postgraduate education. It adheres to the "Four New" roads, namely, new goals, new systems, new teams, and new bases, and strives to build a "Five High" campus, namely, high-level talent training, high-quality scientific research, high-influence social services, high-class cultural heritage, and high-efficiency campus management. Zhejiang University, Ningbo persistently focuses on building the Ningbo Research Institute, places postgraduate education and engineer training in the central position, and integrates scientific research and technology transfer to serve local economic and social development. Ultimately, Zhejiang University, Ningbo aims to become a high-level pilot base of industry-education integration of Zhejiang University.

Located in Ningbo, a city of fame, and supported by Zhejiang University, a university of prestige, Zhejiang University, Ningbo inherits the advantages from both and in return lends momentum to Ningbo’s overall development and Zhejiang University’s Double First Class plan.