ABB Zhao Yongzhan: Resonating with China’s development at the same frequency, actively exploring and integrating into the new development pattern
- ABB Zhao Yongzhan was invited to participate in the cross-border investment dialogue and the China Association of Enterprises with Foreign Investment Forum
- 30th anniversary of ABB’s first joint venture in China, excellent business environment guarantees business development
- Digital innovation empowers low-carbon transformation and upgrading of Chinese users, indicating the only way to achieve the goal of “carbon neutrality”
The 22nd China International Fair for Investment and Trade (“CIFIT”) was held in Xiamen from September 8th to September 11th. During the CIFIT, the “Transnational Investment Dialogue and China Association of Enterprises with Foreign Investment President Forum” jointly organized by the China Association of Enterprises with Foreign Investment and Xiamen Municipal People’s Government was held at the Xiamen International Convention and Exhibition Center. “Explore the impact of the epidemic on the business development and investment plans of foreign-funded enterprises in China from multiple perspectives, as well as opinions and suggestions on China’s future economic policies, and jointly promote the construction of a market-oriented, legalized, and international first-class business environment.
Zhao Yongzhan, President of ABB Electric China, was invited to deliver a keynote speech titled “Together with Innovation and Green Development” at the forum. He said that as the world’s second largest economy, China has a super-large domestic market and complete Industrial facilities. At present, it is accelerating digital and green transformation, focusing on improving the quality and efficiency of economic development, promoting the implementation of the “carbon neutrality” goal, and providing enterprises with broad development opportunities. Benefiting from the excellent business environment, ABB has firm confidence in the prospects of the Chinese market, and will continue to explore and practice in the fields of renewable energy, smart power, smart manufacturing, and smart cities to meet the needs of China’s low-carbon economy and digital economy development .
In recent years, the resilience and stability of the Chinese economy have been obvious to all. While the economy is developing steadily, China’s business environment is becoming more and more attractive to investors. ABB is fortunate to witness the success of China’s reform and opening up over the past 40 years, and has become a contributor and beneficiary of it, realizing “bringing in and going out”. Adhering to the development concept of “in China, for China and the world”, ABB insists on implementing the localization strategy of the entire value chain in China from innovative research and development, manufacturing services, logistics procurement, local cooperation, and talent training, and has created a multi-level and multi-dimensional business model. business ecosystem. At present, China is the second largest market for ABB Group. ABB has invested about 19 billion yuan in China, and more than 90% of its sales revenue comes from locally-made products, systems and services.
In the face of multiple challenges such as repeated epidemics and blocked supply chains, ABB has always insisted on empowering industry transformation, upgrading and sustainable development with digital and green technology innovation, and using its industry expertise to provide users with tailored solutions and services, from power generation. End-to-end, support users in various industries to improve quality and efficiency, and achieve low-carbon transformation and digital upgrading. ABB has recently participated in the construction of a large number of key projects such as Xiongan New Area, Beijing Daxing International Airport, Chengdu Tianfu International Airport, Beijing Fengtai Railway Station, Hong Kong-Zhuhai-Macao Bridge, Changsha Metro, etc., growing together with customers and partners.
Sustainability is an integral part of ABB’s goals and runs through all links in the value chain. ABB’s 2030 Sustainability Strategy focuses on enabling a low-carbon society, protecting natural resources, promoting social progress, and aiming to achieve carbon neutrality in its own operations by 2030. Taking the power distribution system as an example, ABB knows that it is imperative to accelerate the low-carbon transition from the energy supply side to the demand side. It actively participates in the research of environmentally friendly alternatives to the powerful greenhouse gas sulfur hexafluoride (SF6), and takes the lead in achieving a breakthrough. Progress, promoting dry air or AirPlus as an insulating medium, opening a new chapter in the decarbonization of the power sector.
In Xiongan New Area, which is positioned as a “Millennium Plan”, in order to comply with the trend and demand of “green electricity”, ABB provides PrimeGear™ ZX0 medium-voltage switchgear for Xiongan New Area, using environmentally friendly gas to reduce the greenhouse effect of traditional SF6 insulating gas At the same time, it integrates a large number of digital solutions to help the surging construction of Xiongan New Area in an all-round way, and uses practical actions to empower the early realization of China’s 2060 carbon neutrality goal.
Innovative technology is the key to enabling thousands of industries to move towards carbon neutrality. ABB has launched the “ABB Mission to Zero” project in many places around the world. technologies such as sequential charging to accelerate the realization of carbon emission reduction commitments in electricity, industry and infrastructure. In 2022, ABB’s first joint venture in China – ABB Xiamen Switchgear Co., Ltd. will celebrate its 30th anniversary. The ABB Xiamen Industrial Center where it is located is actively conducting ABB’s ” The transformation of the “Zero Emission Vision” project will become a demonstration of a zero-carbon park, a demonstration of a new power system, and a demonstration of a smart micro-grid upon completion.
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