evergrande and the china academy of sciences cooperate in advanced technologies including graphene in six new contracts worth rmb 4.6 billion
on august 16, evergrande group and the china academy of sciences organized the signing ceremony for the first batch of cooperation projects in beijing. cas president bai chunli, vice president zhang yaping, bureau of major r&d programs director yu yingjie, bureau of science and technology for development director yan qing, bureau of development planning director xie pengyun, bureau of science communication director zhou dejin, evergrande group chairman of the board of directors xu jiayin, vice chairman of the board of directors and president of evergrande group xia haijun, evergrande high-tech group executive vice president liu yongzhuo, vice president tan chaohui, evergrande high-tech group vice president and evergrande faraday future intelligent automotive (china) group chairman peng jianjun, and evergrande high-tech group vice president and evergrande faraday future intelligent automotive (china) group president yuan zhongrong attended the signing ceremony.
signing ceremony
according to reports, there were a total of six projects in the first batch from which total investments amounted to rmb 1.647 billion. the projects included the "cas evergrande" super computer, artificial intelligence, graphene, drones, surgical robots, and the "massive health cloud project". the estimated total value was approximately rmb 4.6 billion and they represented the most advanced technology development trends in the world today. among these projects, the "cas evergrande" super computer will become one of the world's top 500 super computers after finishing research and development. in addition, evergrande will become the largest shareholder in five of the six cooperation projects and the second largest shareholder in another.
first cooperation projects
experts in the industry stated that despite the relatively low amounts of investments from evergrande in its participation in the first batch of projects, there have been a high number of projects and evergrande's shareholding ratio remains significant. more importantly, these projects hold immense potential for development and they may become leaders in their respective fields. evergrande has adopted the strategy of "industrialization first and incubation second" to quickly transform and apply results of outstanding scientific research.
discussion between the two parties
early this year, evergrande proposed an industrial structure with active exploration into high-tech industries that gradually formed a foundation based on daily necessities and real estate, and flanked on two sides by cultural tourism and healthcare as high-tech industries take the lead. in april, evergrande and cas signed a comprehensive cooperation agreement with evergrande planning to invest rmb 100 billion in the next ten years for joint development in key sectors including life sciences, aerospace, integrated circuits, quantum technology, new energy, artificial intelligence, robotics, and modern agricultural technology. the official signing ceremony of the first batch of cooperation projects marks evergrande's acceleration in its development in high-tech industries.
evergrande's other significant development in high-tech industries was their purchase of the american new energy vehicle company, faraday future, in june of this year; this officially entered evergrande into the electric vehicles market. they recently completed their first high-end electric vehicle ff91 prototype assembly and initiated the assembly of the entire vehicle. evergrande faraday future intelligent automotive (china) group was officially established on august 14 and shall be responsible for faraday future's technological development and all production management in china. according to the plan, the company plans to establish five major r&d production bases in eastern, western, southern, northern, and central china. the annual capacity is expected to reach 5 million within ten years to supply the ff91, ff81, and multiple other models to the global market. the company will provide high-end, medium-range, and entry-level models.
signing ceremony
experts in the industry believe that the rapid advancement of the first batch of projects in collaboration with cas demonstrated evergrande's resolve and power in high-tech development. as the parties intensify their collaboration, they will achieve a series of accomplishments in world-leading advanced technologies, accelerate industrialization, and contribute to the establishment of a strong high-tech nation.
