Group 1 - The company, COSCO SHIPPING Technology Co., Ltd. (301516.SZ), announced plans to establish a subsidiary and research institute in Xi'an to capitalize on the development trend of high-power, high-efficiency power sources [1] - The new Xi'an Research Institute aims to enhance the company's research and development capabilities by attracting high-end talent and improving R&D levels [1] - The decision is influenced by the advantages of Xi'an, which has a rich pool of talent and is home to many universities, making it easier to recruit skilled professionals [1]

Group 1 - The company, COSCO SHIPPING Technology Co., Ltd. (301516.SZ), announced plans to establish a subsidiary and research institute in Xi'an to capitalize on the development trend of new high-power, high-efficiency power sources [1] - The decision is driven by the need to attract high-end talent, enhance research and development capabilities, and strengthen overall R&D strength [1] - Xi'an is chosen as the location due to its rich talent resources and the concentration of universities, making it easier to recruit skilled personnel [1]