Global industrial technology leader Schneider Electric has signed a strategic cooperation agreement with QI-ANXIN, Beijing's leading cybersecurity firm, to establish the Schneider Electric (China) technology localization innovation center.
The multinational corporation's localization innovation center is now operational in the Economic-Technological Development Area, or Beijing E-Town, in southern Beijing, and will focus on in-depth adaptation services for domestically developed foundational software and hardware.
The flagship project contributes to Beijing's vision of building a globally competitive open innovation ecosystem and establishing itself as an international sci-tech hub.
Peter Weckesser, chief digital officer of Schneider Electric, said that China's industrial innovation is rapidly emerging and increasingly leading global trends across numerous sectors.
Schneider Electric is deeply integrating its localized R&D system with its global innovation network, focusing on the needs of the Chinese market to build a source of technological innovation, he said.
In addition to the vast application market, a vibrant pool of innovative talent, and strong innovation capabilities, a wealth of application scenarios have also become key factors that make global industry leaders optimistic about China's innovation potential.
"At Schneider Electric, an increasing number of innovations developed by the Chinese R&D team are not only serving China but are also being 'exported in reverse' to other countries," said Xiong Yi, senior vice president and head of strategy and business development of Schneider Electric's China arm.