Cosco accelerates open innovation in China.

Continue to deepen cooperation with Tongji University
materials research in areas such as electric vehicle batteries and robotics
Cosco Hasten has accelerated its open innovation projects in China through its cooperation with Tongji University in Shanghai. Recently, the tongji-Costro Innovation Institute announced positive progress in a number of joint materials research projects in the field of electric vehicles aimed at helping to reduce the weight of battery packs, increase the capacity of electrode materials, or enhance the safety performance of batteries.
the past year, we have made very positive progress in our cooperation with Tongji University at the Innovation Research Institute

. Together, we have launched projects that will drive the industry as a whole and society towards a more sustainable direction, particularly the transition to a circular economy on a global scale. "Dr. Xervon, Chief Executive Officer of Cosco Ventures, "In China, we are committed to promoting open innovation, and we will continue to work closely with our partners to continue to drive projects," Markus Steilemann said as he attended the annual meeting of the Institute's Steering Committee via video link. For
, for example, the Institute has been exploring battery thermal management systems for electric vehicles and energy storage that not only reduce CO2 emissions, but are also more cost-competitive. Other projects include the development of new materials for the next generation of lithium-ion batteries and the manufacture of special components that absorb shock energy through 3D printing technology to improve the safety performance of electric vehicle batteries. In addition, the Institute is exploring the development of flexible sensor materials for robotic skins to help address china's demand for bionic robots in an aging trend.
, the Institute will also hold a student competition in China on the theme of circular economy to encourage people to continue on the path of sustainable development. The competition, which will focus on the recycling of polyurethane foam from mattresses, aims to encourage students to be creative in business and technology and to explore innovative solutions. Experts from Cosco and Tongji University will support the team. The eventual winner is expected to be a practical research project at Tongji-Cosco Innovation Institute in 2021.Professor Wu Jiang, Executive Vice President of Tongji University, said:
I am pleased to see that our partnership with leading materials company Cosco has made significant progress in these emerging areas, which will help drive sustainable development in the future." Tongji-Costro Innovation Research Institute has set an example for exploring the mode of production, research and development. We believe that more and more good ideas will be transformed from research institutes into truly innovative and business models, and applied to downstream businesses. "
" we see open innovation as the key to success, which includes promoting communication and cooperation at all levels of the value chain. I am pleased to see the Institute's solid progress and achievements in the areas of market-driven innovation, digitalization and sustainability, which will help us turn our ideas into promising business models. "Dr. Schmako, Head of Innovation, Asia Pacific and President of Tongji Cosco Innovation Institute, "We are building a strong industrial, academic and research ecosystem that empowers companies, industries and society as a whole to grow in the future by combining complementary expertise," says Michael Schmidt. "
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