Shenzhen, December 22, 201 -- ABB, the leading power and automation technology group, signed a cooperation framework agreement with Shenzhen at the 2015 Signing Ceremony of Major Investment and Promotion Projects held in Shenzhen today to deepen their cooperation in the development of new energy, power protection and green transportation.
Under the agreement, ABB will support the transformation and upgrading of industry, transport and infrastructure in Shenzhen through its leading products and solutions on new energy and power protection. ABB, the world's second largest manufacturer of solar inverters, will set up an R&D and production centre on new energy in Shenzhen, focusing on developing solar inverter products. ABB will also build a production base of power protection products, supporting the rapid development of renewable energy and high-end manufacturing sectors in Shenzhen and the whole country.
Meanwhile, ABB will actively develop fast charging solutions for electric vehicles (EV), supporting the construction of green transportation projects such as electric cars and buses, and modern trams, in order to reduce the impact on the environment and to realize sustainable development of transportation. ABB owns the world's leading technology and rich experience in EV fast charging field, and has helped to build national fast charging networks in Estonia, the Netherlands and other countries in Europe. ABB has also launched an innovative, automated, and fast charging system for electric buses, enabling them to run 24/7 and realizing zero emissions.
Richard Suurland, Head of Power Conversion Business Unit, ABB China, said, "Shenzhen is an important R&D and manufacturing base for ABB's new energy business. Its target of green and low-carbon development perfectly matches ABB's vision - 'Power and productivity for a better world'. With this cooperation agreement, ABB will deepen the relationship with Shenzhen, support the city's major projects by taking advantage of our local R&D and production base, and jointly explore the path of sustainable development."
For years, ABB has developed strategic partnerships with local enterprises in Shenzhen, to realize a win-win development. Since 2014, ABB and Shenzhen BYD Daimler New Technology Co. Ltd. have begun their strategic cooperation on promoting electric automobiles in China with its leading DC fast charging technology. Meanwhile, ABB and BYD have formed a global partnership to jointly develop new solutions for energy storage, building on their complementary strengths, which address worldwide energy storage requirements.
ABB has been actively supporting Shenzhen's rapid economic development. For instance, ABB provides Shenzhen Metro Line 4 with its leading traction system, ensuring efficient and reliable operation of the line; provides reliable low-voltage products to Shenzhen Ping An Finance Centre, supporting the stable operation of data centre; provides intelligent building control systems to Shenzhen Airport, Shenzhen Museum, Shenzhen Universiade Sports Centre and many other civil and commercial buildings, helping users realize a comfortable and smart lifestyle and lower energy consumption as much as possible.
Located on the east coast of the Pearl River Delta, Shenzhen is known as the frontier of China's reform and opening up, as well as the first special economic zone in China. After 30 years of development, Shenzhen has grown into a modernized international city with an economic scale ranking in the first 30th cities in the world. In 2015, Shenzhen achieved first place in the 2015 China Urban Competitiveness Ranking published by Chinese Academy of Social Sciences.
At present, ABB has two local companies, Power-One Renewable Energy (China) Co., Ltd. and ABB Silver Star Shenzhen Surge Arrestor Co. Ltd., as well as one branch office in Shenzhen, devoted to the business development of ABB in Shenzhen and southern China. Among them, Power-One Renewable Energy (China) Co., Ltd. is focused on the R&D and manufacturing of solar inverters, fast charging devices of electric automobiles and power protection products.
ABB is a Global 500 company and a leader in power and automation technologies that enable utility, industry, and transport and infrastructure customers to improve performance, while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 140,000 people. ABB has a full range of business activities in China, including R&D, manufacturing, sales and services, with 19,000 employees, 39 local companies, and an extensive sales and service network across 126 cities.
For more information on ABB, please visit http://new.abb.com/cn, Sina Weibo: @ABB China, Official WeChat Account: abb_in_china, Official WeChat QR Code:
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