News on China's scientific and technological development.

Strangelove

Colonel
Registered Member

Please, Log in or Register to view URLs content!


Hisense plans efforts in smart traffic solutions​

By FAN FEIFEI in Beijing and XIE CHUANJIAO in Qingdao, Shandong | China Daily | Updated: 2021-11-18

6195c73aa310cdd3d81b46c7.jpeg
Consumers visit a laser TV display at a Hisense booth during an industry expo in Shanghai in March. [Photo/China Daily]
Home appliance giant seeks to acquire Siemens unit for global expansion

Chinese home appliance giant Hisense Group plans to buy Siemens' Intelligent Traffic Systems, which provides solutions for effective road traffic management, for nearly $1 billion, people familiar with the matter told China Daily on Wednesday.

The traffic division of Siemens is a world leader in intelligent traffic services and solutions with a history of more than 100 years, while the ITS business, which is affiliated to Siemens Mobility, operates in more than 40 countries and has an annual revenue of 600 million euros ($679.2 million).

The ITS unit mainly offers hardware and software for intelligent traffic control and management, from toll systems to traffic light controls. Media have reported German conglomerate Siemens planned to spin off the ITS business in fiscal year 2021 and sell it by mid-2021.

Hisense is taking the lead in China's intelligent transport industry. The Qingdao, Shandong province-based company has tapped into this segment since 1998 and its innovative integrated solutions for the intelligent transport industry have been applied in 169 cities across the nation. The company declined to comment on the deal.

Apart from the domestic market, Hisense is beefing up efforts to expand its presence in overseas markets. Zhang Sihai, president of Hisense TransTech Co Ltd, said the company is actively participating in the bidding of global intelligent transport projects and has already won bids in some countries.

"Hisense has been engaged in the intelligent transport segment for over 20 years, and acquiring Siemens' traffic management business will further help Hisense expand its presence in the global market," said Zhao Meimei, assistant president of market consultancy All View Cloud.

It is an inevitable trend that Chinese home appliances manufacturers are stepping up to march into overseas markets to seek new profit growth points and achieve long-term development, Zhao said.

Zhao said if Hisense wins the bid, overseas revenue may account for a larger proportion of its overall sales.

Hisense purchased Sharp's TV business in Mexico and acquired Sharp America's TV line for the North and South American markets in 2015.The company acquired a 95 percent stake in Japan's Toshiba Visual Solutions Corp in 2017, as part of its efforts to expand globally. In August 2018, it completed the acquisition of Slovenian appliances producer Gorenje.

Liang Zhenpeng, an independent consumer electronics analyst, said the acquisition will help Hisense speed up its layout in the global smart transport sector. "Cutting-edge technologies, such as artificial intelligence, the internet of things, big data and cloud computing, are playing an important role in bolstering the development of the intelligent transport industry."
 

ansy1968

Brigadier
Registered Member
@horse bro regarding 5g dominance it's game over, China had won even with a handicap with Huawei banning.

China has taken the lead in the development of global 5G networks, with over 1.15 million base stations built so far that can use the fifth-generation mobile telecommunications technology. The nation now is home to over 70 per cent of the world’s total 5G capability, according to figures released by China’s Ministry of Industry and Information Technology on November 18, 2021.

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!


Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!


24K views4 hours ago
 

NiuBiDaRen

Brigadier
Registered Member
Not the same kind of oil. Venezuelan oil is too heavy with high asphaltene content. Might also have a hydrohydrolysis effect and make h2s.
How about Nigerian Bonny Light? It's light crude and Nigeria buys a lot of military weapons from China
 

PiSigma

"the engineer"
How about Nigerian Bonny Light? It's light crude and Nigeria buys a lot of military weapons from China
Probably could work, don't know the specifics of Nigeria oil assay, since I don't work with it. I just know Canadian oil, Venezuelan oil and US oil well
 

supersnoop

Major
Registered Member

Please, Log in or Register to view URLs content!


Hisense plans efforts in smart traffic solutions​

By FAN FEIFEI in Beijing and XIE CHUANJIAO in Qingdao, Shandong | China Daily | Updated: 2021-11-18

6195c73aa310cdd3d81b46c7.jpeg
Consumers visit a laser TV display at a Hisense booth during an industry expo in Shanghai in March. [Photo/China Daily]
Home appliance giant seeks to acquire Siemens unit for global expansion

Chinese home appliance giant Hisense Group plans to buy Siemens' Intelligent Traffic Systems, which provides solutions for effective road traffic management, for nearly $1 billion, people familiar with the matter told China Daily on Wednesday.

The traffic division of Siemens is a world leader in intelligent traffic services and solutions with a history of more than 100 years, while the ITS business, which is affiliated to Siemens Mobility, operates in more than 40 countries and has an annual revenue of 600 million euros ($679.2 million).

The ITS unit mainly offers hardware and software for intelligent traffic control and management, from toll systems to traffic light controls. Media have reported German conglomerate Siemens planned to spin off the ITS business in fiscal year 2021 and sell it by mid-2021.

Hisense is taking the lead in China's intelligent transport industry. The Qingdao, Shandong province-based company has tapped into this segment since 1998 and its innovative integrated solutions for the intelligent transport industry have been applied in 169 cities across the nation. The company declined to comment on the deal.

Apart from the domestic market, Hisense is beefing up efforts to expand its presence in overseas markets. Zhang Sihai, president of Hisense TransTech Co Ltd, said the company is actively participating in the bidding of global intelligent transport projects and has already won bids in some countries.

"Hisense has been engaged in the intelligent transport segment for over 20 years, and acquiring Siemens' traffic management business will further help Hisense expand its presence in the global market," said Zhao Meimei, assistant president of market consultancy All View Cloud.

It is an inevitable trend that Chinese home appliances manufacturers are stepping up to march into overseas markets to seek new profit growth points and achieve long-term development, Zhao said.

Zhao said if Hisense wins the bid, overseas revenue may account for a larger proportion of its overall sales.

Hisense purchased Sharp's TV business in Mexico and acquired Sharp America's TV line for the North and South American markets in 2015.The company acquired a 95 percent stake in Japan's Toshiba Visual Solutions Corp in 2017, as part of its efforts to expand globally. In August 2018, it completed the acquisition of Slovenian appliances producer Gorenje.

Liang Zhenpeng, an independent consumer electronics analyst, said the acquisition will help Hisense speed up its layout in the global smart transport sector. "Cutting-edge technologies, such as artificial intelligence, the internet of things, big data and cloud computing, are playing an important role in bolstering the development of the intelligent transport industry."
Minor correction here.
Hisense sold Sharp America back to Sharp (now owned by Foxconn) in 2019
Please, Log in or Register to view URLs content!
 

OppositeDay

Senior Member
Registered Member
Don't like Hisense as a company. They have great models for the American market with killer performance/cost ratio but only overpriced models for the Chinese market. A bit like Lenovo.
 

horse

Major
Registered Member
@horse bro regarding 5g dominance it's game over, China had won even with a handicap with Huawei banning.

China has taken the lead in the development of global 5G networks, with over 1.15 million base stations built so far that can use the fifth-generation mobile telecommunications technology. The nation now is home to over 70 per cent of the world’s total 5G capability, according to figures released by China’s Ministry of Industry and Information Technology on November 18, 2021.

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!


Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!


24K views4 hours ago

Yeah brother, we have to go to Huawei to read news about Huawei.

The Western media will only report bad news, which is confined to the phones.

Please, Log in or Register to view URLs content!
 
Top