Core Insights - Schneider Electric has established the EcoFit Low Voltage Distribution Innovation Center in Shanghai, which provides end-to-end services for low-voltage component adaptation and modification [1] - The center is part of Schneider Electric's strategy to deepen its "China Center" initiative, integrating innovation research and production capabilities [1][2] - The center utilizes advanced digital technologies, including digital twins and AI, to enhance service offerings such as non-contact surveys and equipment lifespan predictions [1] Company Developments - The EcoFit Innovation Center is the latest achievement in Schneider Electric's ongoing investment in service business R&D, following the establishment of similar centers in Xiamen and Beijing [1] - The company views China as a significant market opportunity, with a projected annual equipment renewal market size of 5 trillion yuan [2] - Schneider Electric considers China a key market for sustainable development and energy transition, presenting substantial business opportunities [2] Industry Context - The establishment of the EcoFit center aligns with the Chinese government's push for industrial equipment upgrades and technological transformations [2] - Schneider Electric operates four major R&D centers globally, with China being the second-largest market and a crucial supply chain and R&D base [2]