ABB Chairman and CEO, Peter Voser, was one of 19 global CEOs to meet with Chinese Premier Li Keqiang and several ministers from the Chinese government on Thursday, June 20, 2019, as part of the seventh annual Roundtable Summit of the Global CEO Council.
The Global CEO Council was founded in 2013 and its Roundtable Summit is held each year in June in Beijing, aiming to bring together the top business leaders of the world to have the highest level of direct communications with Chinese leaders. Focusing on this year’s theme of "China and the World in Transformation", Li and the executives exchanged views on topics ranging from the Belt and Road Initiative, collaborative innovation, to integrated development.
Peter Voser noted that China is not only ABB’s second-largest market but also an attractive destination for investment. Encouraged by China’s efforts in opening up, ABB would continue its investment momentum in promising markets such as digital industries and the fast-growing Electric Vehicle (EV) charging sector.
With a business network covering around 100 countries around the globe and abundant overseas project management experiences, ABB became one of the first group of multinational enterprises to actively explore business opportunities from the Belt and Road Initiative. It has been committed to becoming the partner of choice for Chinese enterprises around the globe in the fields of airports, power transmission, mining, chemicals and ports. ABB has provided more than 400 Chinese enterprises with consultancy, design, engineering and various services in more than 70 countries and regions all around the world.
Last year in October, ABB announced a US$150 million investment in a new robotics “Factory of the Future” in Shanghai, which is scheduled to begin operating by the end of 2020. The new Shanghai factory will utilize machine learning, digital and collaborative solutions to make it one of the most advanced, automated and flexible factories in the robotics industry, while an onsite R&D center will help accelerate innovations in artificial intelligence.