Core Viewpoint - Schneider Electric has established a localized innovation center in collaboration with Qi Anxin Group, marking a significant step in its commitment to digital economic development in China [1][3]. Group 1: Localized Innovation Center - The newly established center will focus on local adaptation, safety compliance, and ecological collaboration, addressing the urgent need for innovation in information technology applications [3]. - This initiative is part of Schneider Electric's "China Center" strategy, emphasizing the importance of local innovation to create value [3][4]. Group 2: Investment and R&D - Schneider Electric has built a large R&D team in China, with over 2,200 engineers across five major centers, making China the only country with full business line R&D capabilities [4]. - Since 2019, the company's R&D investment in China has seen a compound annual growth rate of over 18% [4]. Group 3: Digitalization and Core Technologies - The company identifies digitalization, electrification, and automation as its three core technology areas, with sustainable development as a long-term strategic focus [4][5]. - Digitalization now accounts for 57% of overall sales, reflecting the company's deep engagement in this area [5]. Group 4: Key Technology Areas - Schneider Electric is focusing on new power systems and a comprehensive digital technology system involving software, IoT, AI, and cybersecurity [5]. - The company has established an AI innovation lab in China, supported by a team of over 350 AI experts, to integrate advanced AI technologies into its products and solutions [6]. Group 5: Collaboration and Ecosystem - The establishment of the localized innovation center is a strategic move to enhance local digital innovation and ecological collaboration [6]. - Schneider Electric emphasizes the importance of co-creation in the innovation value chain, recognizing that no single company can achieve all innovations independently in the digital age [6].