Otis Forges Deeper Cooperative Intentions with Lujiazui Group, Shandong Mingde, China State Construction Engineering Corporation and Other Stakeholders to Advance Urban Revitalization
2026-10-15 9:28:42
Otis Forges Deeper Cooperative Intentions with Lujiazui Group, Shandong Mingde, China State Construction Engineering Corporation and Other Stakeholders to Advance Urban Revitalization
Otis made its official debut at the 8th China International Import Expo. Capitalizing on its proven innovative prowess in elevator technology and digital solution domains, Otis has formalized deeper cooperative intentions with a cohort of leading enterprises, namely Lujiazui Group, Shandong Mingde, and China State Construction Engineering Corporation (CSCEC), to collectively catalyze sustainable high-quality development underpinned by urban revitalization.
During the expo, Otis entered into an all-dimensional integrated strategic cooperation agreement with Lujiazui Group, with a dedicated focus on aged building renewal and green low-carbon retrofitting to underpin sustainable development. Otis will deploy cutting-edge innovations including the ReGen™ Energy Regeneration Technology, Compass Infinity™ Smart Dispatching System, digital ecosystem and AI-powered intelligent solutions, to empower Lujiazui Group to pioneer new pathways for urban revitalization. The two parties will deepen collaborative innovation across digitalization, Internet of Things and other frontier domains, to drive the comprehensive upgrading of intelligent building systems and smart elevator ecosystems. In the cultural, sports and tourism sectors, the two sides will capitalize on business integration as a strategic catalyst to expand diversified commercial opportunities via resource sharing and value co-creation, and jointly launch social public welfare initiatives, proactively fulfill corporate social responsibilities, and co-establish an ecological community for urban sustainable development.
Concurrently, Otis announced the official establishment of a strategic procurement partnership for elevator modernization and renewal with Shandong Mingde Better Life, a wholly-owned subsidiary of Shandong Mingde Property Group. Leveraging its comprehensive product architecture, mature modernization renewal solutions and industry-leading intelligent operation and maintenance capabilities, Otis will collaborate with Mingde Property in the elevator retrofitting and renewal segment to elevate service professionalism and management safety standards.
Furthermore, Otis has consolidated strategic partnerships with China Construction Eighth Bureau, China Construction Second Bureau, China Construction Third Bureau, and the Third Construction Co., Ltd. of China Construction Fifth Engineering Bureau. By leveraging respective core advantages in their specialized domains, the parties will foster an all-dimensional, deep-tiered collaborative ecosystem to co-create shared future value.
Otis articulated its corporate vision as "Innovation Converges, Cities Ascend". Anchored on the open platform of the CIIE, the corporation will continue to leverage its global innovation network and localized service capabilities, collaborate closely with all partners, and consistently contribute to the safe, green and intelligent development of urban built environments.
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