Going global is inevitable for Chinese companies - EHang
With the rapid economic and technological progress that China has made over recent years, especially regarding the development of Belt and Road Initiative, more and more Chinese businesses are proving their worth in the international arena with their core technology.
As far as Derrick is concerned, the increasing pace of going global for Chinese companies is also an inevitable trend.
“There are two advantages for startup businesses to go global,” Derrick indicated. “One is that China has a good environment for people to start a business or do technological innovation, while the other is cost advantages.”
Furthermore, the progress of the Belt and Road Initiative has enhanced mutual understanding between Chinese companies and western countries and resulted in more cooperation.
In July this year, EHang signed letter of intent with Limburg Province (Belgium), one of the sister provinces of Guangdong.
EHang signed a cooperation agreement with Lieven De Jonge of Made in Limburg in July this year.
“We went to Limburg twice in order to visit a valley in Hasselt, Limburg Province,” said Derrick. “We think that the drone valley not only represents a good place for testing EHang 184, but could also work as a hub for EHang 184 to enter European market in the future.”
Derrick told us the decision for the two to cooperate was decided in only two months.
“The Guangdong Government, Locate in Limburg and VOKA played an important role in the cooperation,” Derrick indicated. “Mutual trust will be gradually cultivated through official channels.”
Limburg is an important logistics hub in the heart of Europe. A canal directly connects Limburg with both the Port of Antwerp and the Port of Rotterdam, the two largest ports in Europe. Goods can be transported to these ports from Limburg and subsequently distributed to other European countries.
Derrick indicated that specific plans for further cooperation with Limburg would be launched step by step.
At present, EHang have already set up branches and agents in five continents, such as the U.S., Germany, Australia and Singapore.
“The drone market is still young,” Derrick told us. “What EHang is going to do is keep innovating. ”
Author: Steven Yuen & Abby Chen