Global elevator giant KONE sees golden opportunities in China's massive urban renewal projects this year, CEO Henrik Ehrnrooth told CGTN at the 2026 China Development Forum. With cities across the Chinese mainland upgrading infrastructure, Ehrnrooth highlighted how digital innovation and sustainability are reshaping urban mobility.
🔑 Key Trends: – Smart elevator systems using AI predictive maintenance – Energy-efficient solutions cutting carbon footprints – Retrofitting older buildings with green tech
📈 "China's focus on high-quality development aligns perfectly with our 2030 sustainability goals," Ehrnrooth said, noting that 60% of KONE's R&D budget now targets eco-friendly innovations. The company recently launched solar-powered elevators in Chengdu's low-carbon pilot zone.
🌐 With over 1 billion urban residents needing smarter mobility solutions, analysts predict China's urban renewal market could hit $500B by 2028. KONE plans to expand its digital service network to 50 Chinese cities this year.
