Basf(US:BASFY) Guang Zhou Ri Bao·2025-11-01 01:53Core Insights - The Guangzhou government, BASF, and Xi'an Jiaotong University signed a memorandum to establish a collaborative innovation center, aiming to enhance cooperation in technology and industry [2][3] - The initiative aligns with Guangzhou's strategy to deepen reforms and expand high-level openness, focusing on technological innovation to boost the city's competitiveness [2] - BASF has been operating in China for 140 years and sees Guangzhou as a key market for expanding its digital, intelligent, and green development initiatives [2] Group 1 - The signing ceremony was attended by key figures including Guangzhou's mayor, BASF's chairman, and Xi'an Jiaotong University's vice president, highlighting the importance of this collaboration [2] - Guangzhou aims to optimize policy support and deepen services for enterprises to facilitate better development outcomes [2] - BASF expresses confidence in Guangzhou's development and plans to accelerate the development of new technologies and products while enhancing collaboration with local enterprises [2] Group 2 - The collaboration will explore paths for industry-academia-research synergy, promoting the transformation of scientific achievements and industrial upgrades [3] - This partnership is expected to significantly enhance Guangzhou's regional innovation capabilities and the competitive strength of local enterprises [3]