On November 27, ZF Friedrichshafen AG signed an agreement with the Huadu District Government of Guangzhou City to establish its third R & D center in China, aiming to more comprehensively and deeply lay out the Chinese market and accelerate the transformation of future travel modes. Innovation. On the day of the event, Guangzhou and leaders of Huadu District, members of the board of directors of ZF Group, President of Asia Pacific and India Holger Klein, President of ZF Group China, and Wang Runyi, Senior Vice President of Asia Pacific Operations attended the event and attended the event. Witnessed the signing ceremony.
Currently, ZF has two R & D centers in China, located in Shanghai's Jiading District and Songjiang District. The two R & D centers focus on the research and development of active and passive safety technologies, as well as the full application of power transmission and chassis technology. For many years, ZF has provided comprehensive technical support and quality services to customers in the Asia-Pacific region. On the other hand, ZF has actively deployed autonomous driving and electric drive businesses in recent years, and has quickly won the favor of customers and the support of partners locally.
Based on the good business momentum, coupled with ZF's firm confidence in the long-term development of the Chinese automotive market, and insight into China's rapid development in areas such as intelligent connected cars and smart transportation, ZF decided to deepen local R & D. Actively cooperating with the trend of the new four modernization of Chinese automobiles, we are determined to be firm.
The ZF Research and Development Center, which will be established in Huadu District, Guangzhou City, is expected to invest approximately RMB 700 million and will be put into operation in 2023. On the other hand, Shanghai Jiading R & D Center will set up a Guangzhou branch to quickly carry out customer support. The Guangzhou R & D Center will have core engineering technology R & D capabilities, covering software development and related technologies for future travel; it will not only relieve the pressure of the two R & D centers in Shanghai, but also complement each other's technological advantages, forming a synergistic effect, and fully implement Zion in China. Fu's global technology policy, namely "See, Think, Act", provides Chinese customers with comprehensive technical solutions from software to hardware, in line with the needs of the Chinese market, and comprehensively build green, secure, High-quality and affordable next-generation mobility solutions that fulfill ZF's "in China, for China" promise.
Dr. Holger Klein, member of the ZF Board of Directors and President of Asia Pacific and India, said: "The decision to establish a third R & D center in China is of great significance to the ZF Group and confirms our determination. Deeply cultivate China, the world's largest automotive market. The new R & D center will shoulder the important mission of ZF's development of core technologies; I look forward to the development of core technologies in China, which is expected to blossom in other markets around the world. Driving the world towards the next generation of mobility. "
Ms. Wang Runyi, President of ZF Group China and Senior Vice President of Asia-Pacific Operations, also pointed out: "The construction of the third R & D center in Huadu District, Guangzhou will enable us to improve the efficiency of communication with customers in South China. Better response and meet their needs, laying a solid foundation for more cooperation in the future. By attracting more high-tech talents into the automotive industry and related ecosystems, we will work with a wide range of customers and partners To promote the integration and complementarity of the automotive and technology industries in South China, and contribute to the improvement of the industry and the quality of life of the people. "
ZF entered the Chinese market in 1981 and witnessed the rapid development of China's economy and society. From its sales to China, it has gone through the stages of "Made in China" and "Designed in China", and has embarked on the "China-led" stage. . At present, the Chinese business is a key part of the ZF Group's development strategy; not only all its business units and business units are fully deployed in China, it also has an Asia-Pacific headquarters, 2 technology centers, and nearly 40 manufacturing plants in China. In 2018, the Group's global sales reached 36.9 billion euros (about 290 billion yuan), of which about 21% came from China and the Asia-Pacific region, which is about 8 billion euros and about 61.6 billion yuan.