A meeting of minds between Jacob Bangsgaard, CEO of Ertico-ITS Europe, and Li Chaochen, chairman of ITS China as they sign an MoU for more cooperation and launch the China-Europe ITS Joint Innovation Centre.
Ertico – ITS Europe and ITS China have signed a memorandum of understanding and officially launched the China-Europe ITS Joint Innovation Centre.
The signing of the MoU and a ribbon-cutting ceremony to launch the centre took place during the Europe-China ITS Summit presentation on Wednesday.
“We have been working with China for 20 years and seen the relationship change,” said Jacob Bangsgaard,” CEO of Ertico – ITS Europe.
Before it was much more a case ideas and data flowing into China and now the tide is changing, he explained. “There is a much more open relationship where we are taking many ideas from China. The integration of our organisations is more complex and deeper than ever before and will increase. The centre will facilitate this.”
Chinese businesses have had increasingly good relationships with European firms, but “we are now entering a new era”, said Li Chaochen, chairman of ITS China. The most important issue for Chinese firms is to boost their research exchanges and technical product development with Europe.
“China is producing much more data now and we are very technically open, but we need to deepen our relationship with Europe,” said Li.