Toshiba highlights its green innovations at CIIE

In light of China's goal of achieving carbon neutrality by 2060, Toshiba is showing off its latest breakthroughs in sustainable technologies at the ongoing China International Import Expo, which is into its fourth edition this year.

Among the exhibits put up by the Japanese technology giant is a pure hydrogen fuel cell system called H2Rex, which according to the company's China Chairman Yoichi Miyazaki can improve generating efficiency by up to 55 percent while producing no carbon dioxide.

Toshiba had in October 2019 signed an agreement to supply Guangzhou-based startup More Hydrogen Energy Technology Co Ltd with up to 300 sets of fuel cell stacks by 2022.

Toshiba is also exhibiting its SCiB lithium battery, which can retain more than 90 percent of its capacity after more than 20,000 charges and discharges. The long lifespan of the battery, said Miyazaki, can significantly reduce the burden on environment, he added.

Next year will mark the 50th anniversary of Toshiba's entry into China, which is presently Toshiba's largest overseas market and accounts for 15 percent of the company's annual sales revenue. Toshiba's semiconductor and air-conditioning business units have become major income drivers for the company in China, with the latter registering positive growth for 17 consecutive years, said Miyazaki.

Over the past five decades, Toshiba has witnessed a significant improvement in China's business environment, and foreign companies are now able to compete equally with domestic players. The implementation of the Foreign Investment Law at the beginning of 2020 has also aided this cause, said Miyazaki.

By introducing more favorable tax policies, providing complete supply chains and enhancing its infrastructure, China will attract even more foreign investment in the coming years, he added.