Partnerships grow in China for Dassault Systemes
Alongside French President Emmanuel Macron’s first state visit to China and the moves to strengthen French and Chinese cooperation both technologically and economically, Dassault Systemes has signed a strategic cooperation agreement with China Aerospace and Technology Corporation (CASC).
Dassault Systemes who have had a foothold in China since 1986 have over 100 Chinese partners working together to help the growth of small and medium businesses using the 3DExperience platform.
CASC will use Dassault Systemes’ 3DExperience platform, a 3D design, analysis, simulation and intelligence software, for the digital transformation of CASC in an effort to accelerate efficiency and innovation across industry in China. The software will be involved in CASC in their role leading China’s space program’s roadmap to increase innovation in the realms of space exploration and transport and reduce the costs of both.
At the same time Dassault Systemes revealed its status as a founding member of the Francs-China Business Council, a new group of 30 companies from a range of industries whose mission is to foster cooperation between French and Chinese companies and to provide advice on innovation, industry and digitalisation to both governments. Other companies that hold membership on the council are Airbus, Alibaba, COMAC, Danone Group, Dongfeng Motor Corporation, Huawei, LVMH, Michelin and Sanofi. Both announcements were made in the context of two industrial initiatives the Chinese ‘Made in China 2025’ and the French ‘Industry of the Future’.
Sylvain Laurent, Executive Vice President, Global Field Operations (Asia-Oceania), Worldwide Business Transformation, Dassault Systèmes made this statement: “Dassault Systèmes’ partnership with CASC, signed in the presence of the Presidents of France and of China, as well as our participation in the France-China Business Council, will help drive cooperation between the two countries for industrial and societal transformation. After all, these milestones are rooted in a common commitment to nurture innovation for a more sustainable future.”
Dominion holds Dassault Systemes in its Global Trends Managed Fund.
If you would you like to receive the Newsfeeds daily, please click here to sign up now!Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
- Click here to print this story: Print
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.