Industry News|China’s October PMI Rebounds to Expansion, Signaling Manufacturing Recovery!

Estun Automation Wins Mechanical Industry Science and Technology Award

Estun Automation received the second prize in the “Mechanical Industry Science and Technology Award” at the National Mechanical Safety Standardization Committee conference. As a key contributor to drafting the “Mechanical Safety – Safety Relay Technical Specifications” standard, Estun helped improve machinery safety, underscoring its commitment to safe, reliable equipment for industry growth.

China’s October PMI Rebounds to Expansion, Signaling Manufacturing Recovery

China’s Manufacturing PMI reached 50.1 in October, signaling expansion for the first time in six months, driven by increased production and orders alongside optimism for economic policies. However, small and private enterprises face uncertain outlooks. The PMI data includes key indicators like production and inventory.

Schneider Electric Sets Record Q3 Revenue, Led by Energy Management Growth

Schneider Electric reported record Q3 sales of 9.3 billion euros, an 8% increase, with energy management up 12%. While North America led growth with 15%, Asia-Pacific saw a modest 2% rise, with strong demand in China’s data centers. Discrete automation’s weakness resulted in a 6% decline in industrial automation.

WAGO Launches New IO-Link Device Module for Industrial Intelligence

WAGO’s new 8000 series IO-Link module offers efficient, bidirectional data transmission, simplifying connectivity between industrial equipment and control systems. This series supports Industry 4.0 by streamlining installation and enabling smarter, more flexible manufacturing.

Bosch and CATL Deepen Skateboard Chassis Technology Partnership

Bosch and CATL have strengthened their partnership to develop 48V battery and skateboard chassis technology, targeting efficient, sustainable solutions for electric vehicles. Their collaboration promotes modular, high-integration designs seen as the future of electric vehicles.

Hithium Energy Leads First Long-Duration Energy Storage Industrial Park

Hithium Energy has launched a zero-carbon industrial park in Heze, Shandong, focusing on long-term energy storage and covering the full industry chain. With over 13 billion RMB in planned investment, it supports Hithium’s energy storage goals and contributes to green development in Shandong.

Panasonic Electronic Materials (Suzhou) Begins New Plant Construction

Panasonic Electronic Materials (Suzhou) broke ground on a new factory while celebrating its 30th anniversary. This facility will focus on high-demand advanced materials, reinforcing Panasonic’s global position in multi-layer circuit board materials.