Innovation is essential for the sustainable development of enterprises. During his visit to China two weeks ago, Miguel Lopez, global CEO of ThyssenKrupp, in addition to attending the 35th Shanghai Mayor’s International Entrepreneur Advisory Conference (IBLAC), he also visited the Chinese headquarters of ThyssenKrupp’s Steering Business unit.

In the communication with the Chinese team, Mr. Lopez fully affirmed the efforts and achievements of the Chinese team in the local market, and expressed support for the efforts of the local team in implementing the localization strategy. At the same time, he stressed that in the context of global value chain and supply chain restructuring, the Chinese team needs to be better prepared to meet new challenges that may arise in the future.

Mr. Lopez also visited the factories and research and development centers of ThyssenKrupp’s Steering business unit in China. He acknowledged and thanked the team for the results achieved, and encouraged everyone to continue to pursue excellence, strengthen independent research and development capabilities and improve efficiency.

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It is worth mentioning that the Steering System Research and Development Center in China is the only large-scale research and development center in the Asia-Pacific region and one of the four major research and development bases in the world. The steering business unit Shanghai PS factory is the world’s highest output of intermediate shafts and upper shafts in the steering factory, with the world’s most advanced steering shaft forming and assembly technology.

In addition, Mr. Lopez held an in-depth dialogue with the company’s young talent, introducing the company’s growth strategy and sharing career development topics.

I was impressed by the effort and progress made by the steering team in China and the spirit of innovation. They have successfully driven local innovation to meet the needs of local markets and customers. In my conversations with young talents, I felt their enthusiasm and creativity, which are important qualities we need to grow our business and create a better future.