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Execs, experts endorse nation's pursuit of cutting-edge growth

New quality productive forces outlined by Xi essential for the future

By MA SI/LIU ZHIHUA | China Daily | Updated: 2024-05-17 07:49
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With one new car rolling off the production line every 76 seconds and over 700 robots seamlessly integrated into the manufacturing process, a new energy vehicle factory in southeastern Beijing is forging the way ahead for the automotive industry.

Run by Xiaomi Corp, what they call "the super car factory" is setting new standards for efficiency and innovation.

Powered by artificial intelligence technology, the plant has developed an autonomous X-ray quality inspection system. This system ensures that all critical parts of the production process undergo high-precision monitoring to guarantee good quality standards.

As the global demand for NEVs continues to grow, facilities like this one are poised to lead the way in shaping the future of the automotive industry.

"The smart driving functions of electric cars will be the decisive factor over the next decade," said Lei Jun, chairman and CEO of Xiaomi Corp, adding that the company is partnering with both Chinese and international suppliers to make cars as intelligent as possible.

The carmaking plant epitomizes how China's efforts to cultivate "new quality productive forces" is fueling the country's high-quality development and injecting fresh vitality into the global economy, company executives and experts said.

President Xi Jinping first proposed the term in September, and expounded on the theory of new quality productive forces during an inspection tour of Hunan province in March.

The president said technological innovation is the core element for developing new quality productive forces, and efforts should be made to proactively involve topnotch research and development institutions from home and abroad to enhance independent innovation capabilities in key fields.

The theory has struck a chord with Chinese and foreign entrepreneurs as they see abundant opportunities arising from the country's innovation-driven development and believe that China will continue playing a crucial role in fueling global economic recovery despite the challenges ahead.

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