Wanxiang presents mass entrepreneurship and innovation results
2020-01-07 Source:Hangzhou China

Wanxiang Group, under the guidance of the National Development and Reform Commission, presented its mass entrepreneurship and innovation results at a themed activity on Dec 26.


The activity put on a display of Wanxiang's achievements in smart manufacturing, intelligent enterprise, and smart city sectors after the company announced a plan to solicit ideas worldwide about demands for innovation during the nation-wide mass entrepreneurship and innovation week in June. The activity Thursday exhibited 40 partnerships in 22 sectors, such as those with State Grid, China Mobile, SAP, Microsoft and Peking University on autonomous driving, blockchain, 5G, Internet of Things and cloud computing, will likely generate an output value of CNY 5 billion over the next five years.


Wanxiang also signed agreements with other mass entrepreneurship and innovation centers, and eight such centers will open Wanxiang offices for cooperation on innovation. Deepinsight and NeVPEC gave speeches about financing. CEO Li Yang of Deepinsight introduced its cooperation with Wanxiang on AI algorithms, execution, sensor network, and supply chain. Director Feng Shun of Wanxiang’s NeVPEC project talked about Wanxiang’s mass entrepreneurship and innovation mechanism, structure, cooperation model and application of the next-gen electricity-driven system.


Wanxiang will start constructing its CNY 200 billion innovation city this year. The city will facilitate the collaboration between shared working spaces and large corporations,  and international scientific cooperation.

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