Company Overview - Danfoss, founded in 1933, is one of Denmark's largest global industrial groups, employing approximately 40,000 people and operating 100 factories worldwide, serving customers in over 100 countries [2] - The company provides solutions in various fields including refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, shipping, and both on-road and off-road vehicles [2] - In China, Danfoss has nearly 5,000 employees and ranks second in various regional markets, with 12 production bases established over nearly 30 years, and four factories recognized as national "green factories" [2] - Danfoss aims to achieve carbon neutrality for all its Chinese factories by 2027 [2] Strategic Developments - With the advancement of China's "dual carbon" strategy, Danfoss has experienced unprecedented growth, becoming the second-largest regional sales market and the largest procurement market for the company globally [3] - The company is expanding its investments in China, including the establishment of two electrification production lines in Nanjing to support energy efficiency in new energy, high-end manufacturing, and green infrastructure [3] - In 2023, Danfoss opened a research and testing center for scroll compressors in Tianjin, enhancing its innovation and service capabilities in environmentally friendly refrigerants and energy-saving cooling technologies [3] - The second phase of Danfoss's Haiyan facility is set to commence operations in September 2024, becoming the largest production base globally, focusing on key products such as variable frequency drives, heat exchangers, and magnetic levitation compressors [3] Business Growth and Projects - Since the introduction of China's "dual carbon" goals, Danfoss's business in China has nearly doubled, collaborating with clients on numerous projects [4] - For instance, Danfoss provided high-efficiency solutions for the HVAC system of the T3B terminal at Chongqing Jiangbei International Airport, including 365 sets of specialized variable frequency drives and harmonic filters [4] - In the energy-efficient building sector, Danfoss contributed core direct current distribution solutions for the "green" zero-carbon building in Zhuhai, Guangdong, which is one of the first carbon-neutral pilot projects in the province [4] - The solutions provided by Danfoss support the construction of a 750V direct current grid, ensuring quick isolation and continuous power supply during faults, thus aiding in digital energy management and efficient photovoltaic utilization [4] Expert Commentary - Danfoss exemplifies how to transform the "dual carbon" goals into a new growth engine through green innovation, from factory carbon neutrality to win-win scenarios across the industrial chain [4]