B&R Initiative drives Chint's expansion

Chint Group, China's leading industrial electrical equipment and new energy enterprise in the private sector, is pushing forward intelligent manufacturing and photovoltaic industry presence, as well as expanding its presence in countries and regions relating to the Belt and Road Initiative.

Nan Cunhui, chairman and founder of Chint, said they have ramped up efforts to boost the integration of big data, the internet of things and artificial intelligence with the traditional manufacturing sector, in order to achieve high-quality growth.

"We will increase investment in research and development. At present, R&D expenditure accounts for 3 to 10 percent of our sales revenue, while the money spent on the R&D of high-end equipment could take up about 50 percent," said Nan, a member of the 13th National Committee of the Chinese People's Political Consultative Conference.