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Finland-based elevator giant KONE to delve deeper into Chinese market: CEO

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      China

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      Finland-based elevator giant KONE to delve deeper into Chinese market: CEO

      2024-06-02 17:54 Last Updated At:21:57

      ⁠⁠⁠⁠⁠⁠⁠Finland-based elevator giant KONE will further promote its investment and research and development in China, its largest market worldwide and a key manufacturing hub, said the company's CEO and President Philippe Delorme in an exclusive interview with China Central Television (CCTV) on Friday.

      There are about 25 million elevators in the world, of which China accounts for 10 million, said Delorme, adding that China accounts for about half of the one million elevators put into use globally each year, 

      The executive stressed that for the elevator industry, digitalization and sustainable development are the most important trends at present, and these are also the two pillars of KONE's development strategy in China.

      "Maybe 10 years ago, China was not at the forefront of digital [technologies]. China has vastly adopted digital technologies in the past 10 years. And what's amazing is the scale -- it's a big country, with many people, and people are hungry to adopt digital technology, actually, more hungry than what I see in many other places in the world," he said. 

      Delorme also highlighted China's "dual carbon" goals -- its ambitions to peak emissions by 2030 and achieve carbon neutrality by 2060 -- is working hard to promote and believes that this provides his company with vast opportunities to apply innovative green technologies.

      "We have an elevator technology that is like hybrid cars, which is, when the elevator goes down, you take the energy, and store energy, and when the elevator goes up, you reuse the energy. We call it regenerative-drive hybrid elevators," he said.

      Delorme also talked about China's real estate market. He said that although the country's real estate market is currently facing some challenges, with the introduction of a series of targeted measures by the government and the long-term positive fundamentals of the Chinese economy, its real estate industry can still provide companies with broad development opportunities in the long run.

      He added that there are a large number of old buildings in China that need to be renovated, and this alone will bring huge opportunities to the elevator industry.

      "We have always been in China and we want to be very strong in China. We've made big investment in China. We are making R and D investment, and we keep doing this investment and I'm very happy we can do this," he said.

      Finland-based elevator giant KONE to delve deeper into Chinese market: CEO

      Finland-based elevator giant KONE to delve deeper into Chinese market: CEO

      Next Article

      UN to hold sessions on Ukraine crisis

      2025-02-24 12:23 Last Updated At:12:37

      The UN General Assembly and Security Council will hold sessions to discuss the Ukraine crisis on Monday which marks the third anniversary of the conflict between Russia and Ukraine.

      The 193-member UN General Assembly will resume its 11th emergency special session at 10:00 local time to vote for two draft resolutions relevant to the Ukraine crisis.

      The General Assembly will vote for draft resolutions submitted by the United States and the EU, according to Hungarian Foreign Minister Péter Szijjártó.

      He said Hungary will support the U.S. resolution on Ukraine, as leaders of European countries have been fermenting the conflict over the past three years.

      The U.S. government has called on Ukraine to withdraw its annual resolution to the General Assembly condemning Russia and use a U.S.-sponsored statement calling for an end to the conflict instead, Washington Post reported.

      According to the report, the U.S. statement contains no mention of Russian responsibility.

      There have been no more details about EU's resolution.

      Meanwhile, the 15-member Security Council is set to meet at 15:00 local time on the same day, discussing the ongoing conflict.

      Moreover, the European Council will hold an emergency summit on March 6 about next steps for Ukraine and Europe's security, according to European Council President António Costa.

      "We are living a defining moment for Ukraine and European security," Costa said in a post on social media.

      UN to hold sessions on Ukraine crisis

      UN to hold sessions on Ukraine crisis

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