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HKSTP Partners for Innovation and Sustainability

Image Credits: HKSTP, Press Release
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The Hong Kong Science and Technology Park Corporation (HKSTP) and a Chinese all-electric car brand inked a Memorandum of Understanding (MoU) aimed at establishing operations within the Science Park. This partnership signifies a step towards integrating the firm into Hong Kong’s dynamic innovation ecosystem, with a shared vision of advancing the new energy vehicle industry and working towards the ambitious goal of achieving Net-Zero emissions.

At the heart of this collaboration lies the “Hong Kong Innovation and Technology Development Blueprint” announced by the Innovation, Technology and Industry Bureau (ITIB). This blueprint outlines a strategic roadmap for Hong Kong, encompassing the development of new energy vehicles as a key component.

The government’s strategic plan is clear: foster emerging industries like advanced manufacturing and attract prominent enterprises, both from overseas and mainland China, to establish a presence in Hong Kong. In this context, the company stands out as a strategic representative in the innovation and technology sector, and its proactive engagement in Hong Kong underscores the city’s role in facilitating the global expansion of Chinese enterprises.

This MoU enjoys full support and endorsement from various quarters, including the ITIB, other HKSAR Government departments, and the Office for Attracting Strategic Enterprises (OASES). The latter is tasked with drawing in companies that are pivotal in advancing strategic sectors, including advanced manufacturing.

The formalisation of this partnership was witnessed by distinguished figures, including the Secretary for Innovation, Technology, and Industry; the Under Secretary for Innovation, Technology, and Industry; the Director-General of the Office for Attracting Strategic Enterprises; the Chairman of HKSTP; the Member of the Standing Committee of the Chinese People’s Political Consultative Conference (CPPCC), Academician with the Chinese Academy of Sciences, Professor at Tsinghua University, and Deputy Director of the Academic Committee of Tsinghua University; and the Founder and Chairman of the company. The MoU was formally signed by the Chief Executive Officer of HKSTP and the Chief Investment Officer of the company.

The electric car brand, seizing upon Hong Kong’s strategic advantages such as access to capital, favourable tax policies, a rich talent pool, and robust scientific and technological infrastructure, is set to establish its international headquarters in Hong Kong by year-end.

The company plans to make substantial investments ranging from hundreds of millions to billions in RMB and hire 600 research talents over the next five years. Furthermore, the creation of a state-of-the-art smart research and development (R&D) centre spanning over 40,000 square feet is also envisioned. This R&D centre will serve as a magnet for tech ventures and talent within the automotive industry, bolstering Science Park’s innovation ecosystem and fostering collaboration across key industries in Hong Kong and mainland China.

HKSTP has already carved out a thriving innovation and technology ecosystem, boasting a community of over 13,000 research professionals, more than 1,400 technology companies, and a network of over 300 partners. The organisation is poised to offer comprehensive support and infrastructure to facilitate collaboration among stakeholders across academia, industry, and research. Notably, HKSTP’s track record includes nurturing ten unicorn companies within its ecosystem, offering a valuable experience that will aid NETA Auto on its path to innovation and success.

This effort aims to unlock investment potential, tap into the global market, and showcase cutting-edge technology internationally. Simultaneously, it provides support to the firm in its transformation from a domestic Chinese automobile brand to a global technology powerhouse.

The Secretary for Innovation, Technology, and Industry underscored the prominence of new energy vehicles as a burgeoning, world-leading technology industry. By integrating the upstream, midstream, and downstream sectors, new energy vehicles promise to stimulate economic development and create employment opportunities. The Hong Kong Innovation and Technology Development Blueprint earmarks new energy vehicles as a vital area for development, aligning with the government’s vision of establishing Hong Kong as a global innovation and technology hub.

The Chairman of HKSTP articulated the organisation’s role as Hong Kong’s premier research and development hub. HKSTP stands ready to provide top-notch infrastructure and facilities, coupled with an extensive partner network, fostering deeper collaboration between the company and tertiary and research institutions. This collaboration aims to harness Hong Kong’s world-class research, academic expertise, and industry potential, seizing the opportunities presented by the new energy vehicle industry.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com