BEIJING (XINHUA) – China’s initiative to develop “new infrastructure” including 5G networks and big data centres has created opportunities for transport multinationals to tap into, said Siemens Mobility Greater China CEO Juergen Model.
The company has set up several research and development (R&D) centres that will allow it to become an active part of the country’s push to make the transportation sector smarter and greener, Model told Xinhua in an interview.
In September, the firm established its first 5G Centre of Competence in Liangjiang New Area in southwest China’s Chongqing Municipality, tasked with R&D and execution of programmes in intelligent connected vehicles (ICVs), 5G and autonomous driving.
“China is the best place for it,” Model said, citing the country’s impressive development in 5G and ICVs.
The company has also formed partnerships with several other cities, leveraging its technological edge to offer targetted solutions to each city.
“When we talk about localisation, it’s not about the localisation of manufacturing anymore. It’s about the next step,” Model said. “We are very much focussing on R&D to develop technology in China for China,” he said.
As China is mulling the 14th Five-Year Plan for social and economic development, Model expects continuous development in the transportation sector in the next five years, with a new focus on three megatrends, namely decarbonisation, urbanisation and digitalisation.