STORY: Schneider Electric expands R&D base in Shanghai
SHOOTING DATE: Sept. 11, 2024
DATELINE: Sept. 12, 2024
LENGTH: 00:01:42
LOCATION: SHANGHAI, China
CATEGORY: SOCIETY/ECONOMY

SHOTLIST:
1. various of Jinshan Innovation Laboratory Park
2. SOUNDBITE (English): REN JING, Senior Vice President, Schneider Electric

STORYLINE:

French multinational Schneider Electric on Tuesday launched the second phase of its Jinshan Innovation Laboratory Park project in Shanghai.

Covering an area of approximately 14,000 square meters, the park includes seven types of laboratories staffed by hundreds of research and development (R&D) personnel.     

With the completion of the second phase of the park, the total laboratory area has expanded by 40 percent.

SOUNDBITE (English): REN JING, Senior Vice President, Schneider Electric
"The expanding of Jinshan Innovation Laboratory Park was a major move taken by Schneider Electric to enhance R&D and innovation here in China. After a range of upgrades, the new campus is now able to provide a faster response speed with respect to development and testing, and to shorten the development cycle of new products from concept to market. It will also further improve our ability to respond to the new needs in the marketplace.
With the fast growth of the Chinese economy, innovation has become a new engine driving China's economic growth. Meanwhile, the Chinese market is huge with various application scenarios and active innovators. The Chinese market provides the best test field for the innovation of foreign and international companies. Today, China has become one of the four global R&D hubs of Schneider Electric. And China provides an important source and support of innovation for us globally. Following the China-hub strategy, Schneider Electric has created an agile mechanism encompassing development, manufacturing, commercialization. This allows us to be better-positioned to get closer to the Chinese market faster."

Xinhua News Agency correspondents reporting from Shanghai, China.
(XHTV)