Core Insights - The article highlights the impressive new opportunities emerging in the Chinese market, particularly for global companies like Covestro, which is a leading player in the automotive parts sector [1] Group 1: Company Overview - Covestro, founded in 1849, is a global technology family enterprise from Germany, recognized as a "hidden champion" in the automotive parts industry [1] - In the 2024 fiscal year, Covestro achieved sales of €11.95 billion (approximately ¥97.88 billion), reflecting a year-on-year growth of 0.4% [1] - Sales revenue in the Greater China region reached ¥10.73 billion, marking a year-on-year increase of 5.9%, accounting for about 10% of the company's total sales [1] Group 2: Strategic Developments - Covestro's participation in the China International Import Expo (CIIE) marked its first entry into the technology equipment exhibition area, showcasing innovations in material science [1] - The company aims to extend its material innovations into AI, robotics, and green manufacturing, providing cross-scenario technical solutions for local customers and industries [1] - A strategic signing with Shanghai Zhangjiang Group was announced to establish a humanoid robot co-creation center, expected to be completed next year [2] Group 3: Industry Trends - The article emphasizes the rapid development of future industries in China, such as artificial intelligence, robotics, and low-altitude economy, which present broader cooperation opportunities for multinational companies [1] - Covestro is focusing on high-performance materials for applications in drone fuel cells and has introduced new products like the air spring Centronics for truck cabins [2] - The company has established a technology innovation department in Shanghai to enhance collaboration with local research institutions and innovation enterprises [3]