Otis Recovers Accident Hardware and Electrical Alarms Relying on Foreign Investment

The recent Otis fell overnight from heaven to hell. Originally the world’s largest elevator company, the inventory of warehouses is now overwhelmed and companies are in trouble. At this time, two elevator accidents were once again exposed, adding to the trough of the company that has already struggled at the edge of the cliff.

On the 13th, a man from Yanan, Shaanxi Province, suspected that Otis had died at the bottom of the elevator pit. At 11 o'clock in the morning on the 16th, he was in Unit 2 of the B building of the Urumqi district, and 18 people such as Mr. Wu and Wei Xiulan saw it. When the occupant was in the elevator, he encountered another problem. Between the 1st and 2nd floors, he froze up and down three times and stopped in the middle. About half an hour later, people inside and outside the elevator worked together to open the elevator door and walk out.

At around 3.30pm on the 16th, Ms. Shi’s history took a 4-year-old female child (a pseudonym) to a dance class on the third floor of the Star Avenue Shopping Mall in Lifu District. Unexpectedly, her daughter was trapped in the elevator for more than 20 minutes. "In addition to my daughter trapped in the elevator, there is also a big sister and a young guy who are trapped in the elevator."

Two accidents caused Otis Elevator to fall into a mass quagmire and could not withdraw. Otis Elevator Company is the world's largest elevator company. For 150 years, Tang Hewu Otis has been devoted to the research, development, manufacture, installation, maintenance, maintenance and updating of transportation systems such as elevators, escalators, and moving walkways. At present, Otis Elevator operates in more than 200 countries and regions. More than 100 years ago, China's first elevator was installed in Shanghai by Otis. At present, Otis Elevator (China) Investment Co., Ltd., the group's holding company, has eight joint ventures to produce, sell, install, repair and maintain elevators, escalators, walkways, screen doors and shuttle systems.

As the earliest industry to open to the outside world, China's elevator industry is almost divided by all foreign capitals. The original eight state-owned elevator brands have long disappeared, and the monopolistic market share of foreign brands was once over 95%. In recent years, although a group of national elevator companies have struggled to improve their internal strength and Jedi counterattack, they have not yet been able to break the monopoly position of foreign brands. Especially in some important public buildings, domestic elevator brand enterprises are very rare.

In recent years, the development trend of China's mechanical and electrical products has been very good, and the export rate has been continuously improved, but the pressure on the cost of capital has also continuously increased. In the context of economic globalization, some multinational corporations have entered the Chinese market, and local electromechanical products have often been counter-core competitiveness due to their anti-core competitiveness, resulting in the fierce elimination of the market competition. Many of the core technologies of hardware and electromechanical companies still rely on foreign countries. High-tech, local enterprises have experienced difficult development. Under the strong contrast between Chinese and foreign companies, consumers naturally choose foreign products, resulting in the entire market being controlled by foreign products. The operation of the market is entirely dependent on foreign capital, and national brands are eroded. The development of the Chinese hardware and electromechanical industry, based on the world, has always depended on its own development, and it cannot rely entirely on foreign capital.

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