Core Viewpoint - Fuyao Group's founder, Cao Dewang, visited Ningbo to discuss the establishment of an industrial research institute, highlighting the strong industrial foundation and collaboration potential between Fuyao and Ningbo [1][2]. Group 1: Industrial Collaboration - Fuyao is the largest automotive glass supplier in China, holding a global market share of approximately 34% and a domestic market share of about 68% [4]. - Ningbo is a major city for automotive parts, with over 5,000 automotive parts companies and more than 40 listed companies, including local champions that rank among the top global automotive parts suppliers [4][6]. - Cao Dewang's visit included tours of several companies, emphasizing the importance of industry-academia collaboration to drive research and development [3][4]. Group 2: Educational Transformation - Ningbo is addressing its educational shortcomings by establishing new research-oriented universities, with significant investments from both the government and private sector [9][10]. - The Ningbo Oriental Institute of Technology and Fuyao Technology University have been approved, with substantial funding aimed at creating high-quality educational institutions that align with local industrial needs [9][10]. - These institutions have high admission scores, indicating a focus on attracting top talent, which is essential for supporting local industry upgrades [9][10]. Group 3: Research and Development Initiatives - Ningbo has established over 70 various industrial technology research institutes, focusing on key sectors such as digital industry, automotive manufacturing, and artificial intelligence [12]. - The city has set ambitious goals for technological self-reliance and innovation, which are crucial for its economic development and educational transformation [12].