ABB was recognized with 8 local companies ranking among “the 17th China Top 100 Electric Companies” according to the ranking announced on December 9, and won another two important prestigious awards, “China’ s Top 10 Electric Companies by Competitiveness” and “China’ s Top 10 Electric Companies by Innovation Capability”. This demonstrated ABB’s leadership in the development of electric and manufacturing industries in the new round of industrial revolution.

“China Top 100 Electric Companies” is an annual award hosted by Electric Age, a leading trade magazine sponsored by the China Machinery Industry Information Institute. Initiated in 2000, this event has been held for 17 years consecutively and has become the annual focus and a barometer of the Chinese electric industry.

Mr. Zhou Baodong, Deputy Party Secretary of the China Machinery Industry Information Institute, said, “With the rise of a new round of technical revolution, the electric equipment manufacturing industry is gradually shifting from element-driven to innovation-driven development, and upgrading from traditional manufacturing to intelligent manufacturing. Faced with various challenges under New Normal, China’s electric companies, especially the top 100 electric companies strived to enhance their comprehensive strength while maintaining a growth in revenues by fostering innovation.”

As the new generation of information technologies are increasingly integrated into utility, industry, transport and infrastructure sectors, digitalization and intellectualization have become the key directions for industrial development and revolution, creating new opportunities. As a pioneering technology leader and global digital champion, ABB had more than 55% of revenues from software and digital devices. Based on above 70 million connected devices and above 70,000 installed control systems, ABB is using its profound knowledge of its customers’ domains to develop a unique digital offering and realize the full potential of digitalization with continuous innovation.

In 2016, ABB announced the milestone of its 50,000th robot manufactured in China and completed the second production line of servo motor in Shanghai to better meet the increasing demand of robot market for this key component. Meanwhile, ABB introduced a number of new robots to China such as the robot collaboration solution SafeMove2, IRB 1200 Foundry Plus2, and compact robot IRB1660ID, to support industrial restructuring and upgrade with digital and smart products, to facilitate China manufacturing’s transformation from a “big” to “strong”.