Global EditionASIA 中文雙語Fran?ais
    Business

    Kone bets big on China's urban renewal effort, eyes wider market

    By WANG XIN in Shanghai | China Daily | Updated: 2025-07-29 00:00
    Share
    Share - WeChat

    Ye Zhengyan, a 63-year-old resident of Kunshan, Jiangsu province, could hardly hide his excitement when all the renovated elevators in his community became operational recently, offering a stable and smooth ride.

    Ye and his family members, who have been living in the residential building for over 10 years, used to dread the noise and vibration of the aging elevators each time they walked out the door. The elevators, which were in use for the last 15 years, also used to be halted frequently for maintenance, forcing the older residents to take the stairs.

    Fortunately, Ye and some 850 other families in the community had a chance last year to upgrade the elevators for free, as part of the city's move aligned with China's accelerating urban renewal efforts.

    Supported by the nation's ultra-long-term special treasury bonds fund, a first batch of 2,196 aging elevators in Kunshan's residential buildings were approved for upgrade last November.

    Among these, Finnish elevator and escalator company Kone completed the renovation of 2,106 elevators in eight months, covering 142 communities across the city and benefiting over 50,000 families.

    Carmen Zhou, vice-president of modernization at Kone Greater China, said that the aging elevators were in diverse conditions. In addition to high failure rates, they were hard to maintain as each brand or type needed different spare parts, many of which were no longer in production.

    Prioritizing safety and highlighting digital, intelligent and green features, the company has launched a new modernization department to come up with customized upgrade solutions for the elevators, as well as flexible production lines at its Kone Kunshan Park.

    The upgraded elevators are all connected to the city's smart elevator management platform. With control systems meeting the highest industry standards, the renovated elevators can cut the failure rate by up to 55 percent and reduce the risk of trapping riders by up to 40 percent, with predictive maintenance services based on big data and artificial intelligence. Each upgraded elevator can also effectively reduce energy consumption by up to 50 percent, saving about 3,653 kilowatt-hours of electricity per year, according to the company.

    Kone, which entered the Chinese market and set up base in Kunshan in 1996, has grown alongside the nation's rapid urban expansion. Over the past three decades, it has delivered more than 1.6 million units and maintained over 600,000 lifts in service across the nation.

    Currently, its largest production base, Kone Kunshan Park, not only serves the domestic market but also exports products to over 100 countries and regions globally. Its largest overseas R&D center, owning over 230 valid patents and serving global markets, is also located at the park.

    Last year, Kone Group saw its revenue reach 11 billion euros ($12.79 billion) globally, with Kone Greater China contributing 23 percent to the total. As China ramps up efforts in urban renewal, the company is betting boldly on in its modernization sector.

    "Our modernization department has seen double-digit growth in orders in the past three years, which makes us fully confident in the Chinese market. We are set to stay committed to this sector and seize a second booming chance for growth," said Zhou.

    China had over 11.53 million elevators by the end of 2024, official data released in May show. Of these, 900,000 are aging units that have been in use for over 15 years. Moreover, the number of such aging elevators is expected to increase quickly, as the building construction and urbanization of 15-20 years ago was one of China's fastest such expansions, Zhou added.

    Following the success in Kunshan, the company is fixing its eyes on the wider Chinese market, with future projects set in other cities and provinces, as well as investment plans in Shenzhen, Guangdong province.

     

    Today's Top News

    Editor's picks

    Most Viewed

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    AV无码免费永久在线观看| 中文字幕精品久久| 亚洲熟妇无码另类久久久| 久久中文字幕人妻熟av女| 无码GOGO大胆啪啪艺术| 亚洲精品无码AV中文字幕电影网站 | 亚洲AV综合色区无码一区| 最近中文字幕mv免费高清视频8| 国产麻豆天美果冻无码视频| 亚洲va无码va在线va天堂| 中文字幕无码高清晰 | 亚洲精品无码不卡在线播HE| 台湾佬中文娱乐中文| 亚洲国产精品成人AV无码久久综合影院 | 911国产免费无码专区| 午夜无码伦费影视在线观看| 日韩人妻无码一区二区三区久久99| 中文字幕在线精品视频入口一区| 国产高清无码毛片| 精品无码久久久久久尤物| 无码人妻精品一区二区三区66| 久久久久久国产精品无码下载| 线中文在线资源 官网| 区三区激情福利综合中文字幕在线一区亚洲视频1 | 久久中文娱乐网| 精品久久久无码人妻中文字幕豆芽| 亚洲精品人成无码中文毛片 | 中文字幕在线观看有码| 人妻系列无码专区久久五月天| 国产无码区| 一本大道无码日韩精品影视 | 国内精品久久久人妻中文字幕| 超清中文乱码字幕在线观看 | 日日摸夜夜添无码AVA片| 一二三四在线观看免费中文在线观看| 无码内射中文字幕岛国片| 最好看的中文字幕2019免费 | 亚洲AV无码久久精品蜜桃| 午夜不卡久久精品无码免费| 无码精品久久久久久人妻中字 | 亚洲成a人无码av波多野按摩|