Otis Worldwide (US:OTIS) Xin Lang Ke Ji·2025-11-07 06:18Core Viewpoint - The eighth China International Import Expo (CIIE) showcases participation from 155 countries and regions, with 4,108 overseas companies exhibiting, highlighting significant innovations in the manufacturing sector [1] Group 1: Company Insights - Otis has introduced several AI-driven solutions at the expo, including the Otis Inspection Intelligent Agent, AI Intelligent Body, and Smart Cab II, aimed at enhancing safety, intelligence, and efficiency in vertical transportation [1] - Otis has established its largest global R&D center in China, focusing on the development of digital and IoT-related solutions, including the Gen3™ Comfort smart elevator designed for retrofitting older residential buildings [1] - The company aligns its mission with China's ongoing efforts to promote high-level opening-up and optimize the business environment, particularly in the context of smart city and urban renewal initiatives [1] Group 2: Industry Context - As of 2024, the number of operational elevators in China has surpassed 11 million, with approximately 900,000 units exceeding 15 years of service, presenting both safety and modernization challenges [2] - Otis is building an end-to-end smart elevator ecosystem in China to address these challenges, enhancing passenger experience and safety by connecting customers with regulatory bodies [2]