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As an important part of new infrastructure, 5G networks, with superfast speed and low latency, will be the backbone for powering the internet of things, autonomous vehicles and smart cities.

As for EPS' expansion in the Asia-Pacific region, he stressed the importance and potential of the Chinese market. "It is a vast country with huge opportunities, and we have entered this market with a long-term view as we focus on quality above all," said Feldman.

As a result, the company's sales have fallen drastically. Last year, it sold just 230 ATMs, a year-on-year decline of 89 percent.

As for the scrapped cars, 75 percent of their parts are recycled in the United States, Europe and other developed countries, while the proportion of scrapped cars that entered the regular dismantling enterprises in China is 10 percent. So there is huge potential to recycle and reutilize used cars and household appliances.

As a result, Europe now is a leading player, producing more than one-fourth of the world's industrial robots and is home to three of the world's largest producers of industrial robots, said Gambardella.