CBN丨Summer Davos attendees optimistic over China's prospects
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IndustryrepresentativesandexpertsfromaroundtheworldshowedstronginterestintheboomingopportunitieswithinChina'srapidlyadvancingtechnologyindustriesduringtheongoingSummerDavos,especiallyinareaslikeartificialintelligence(AI)andnew-energyvehicles(NEVs).
BelgianmultinationalmaterialscompanySyensqoCEOIlhamKadrihasexpressedstrongoptimismabouttheChinesemarketduringaninterviewwiththe21stCenturyBusinessHerald.
“WewereearlytointegrategenerativeAIintoourinnovationprocesses,saleschannels,andSyensqo'sproprietarySyGPT.OurChineseOEMpartnersandlocalemployeeswereamongthefirsttousegenerativeAIindailyoperations.This,Ibelieve,showsChinesepeople'smindsetandexecutiontowardsinnovation,”saidKadri,whoisalsoCo-chairoftheSummerDavos.
KadrinotedthatEuropeisactivelyattractingChineseenterprisestolocalizetechnologies.SyensqoaimsnotonlytoexpanditspresenceinChina'sdomesticmarketbutalsotopartnerwithChinesecompaniesgoingglobal,particularlyleadingplayersintheelectricvehicleindustry,Kadrisaid.
In2024,SyensqoandNioannouncedtheestablishmentofajointlaboratorytoresearchanddeveloplightweightmaterialsandbatterytechnologies.TomeetChina'sgrowingdemandforEVs,thepartnershavedoubledtheproductioncapacityoftheirjointfactoryinJiangsuprovincesince2022,mediareported.
"Chinacontributedabout15percentinourrevenueintheglobalmarket,whichhasthepotentialtodoubleinsize,”Kadrisaid,addingthatAsia-Pacificoutperformedotherregions.
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