Stefan Floeck, ABB's division president of IEC Low Voltage Motors. [Photo provided to chinadaily.com.cn]
China will remain central to ABB's global low-voltage motor business, with the Swedish-Swiss technology company set to expand local manufacturing and innovation as the country's industrial upgrading and green transition fuel demand for more energy-efficient equipment, a senior executive said.
To capture these opportunities, ABB will continue investing in local research and development, manufacturing and supply chains to better serve Chinese customers while reinforcing China as an innovation hub and export base within the company's global network.
Stefan Floeck, ABB's division president of IEC Low Voltage Motors, said China is the company's second-largest market globally and its largest market for low voltage motors.
"We will continue investing in China, expanding local manufacturing and innovation to meet the evolving demands of Chinese customers," Floeck said.
