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CIIE 2024: Shanghai Electric Strengthens Global Partnerships, Driving Sustainable Advancements in Industrial Solutions

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Shanghai Electric (SEHK:2727, SSE:601727) has signed new strategic cooperation agreements with Carrier Group and SKF China Sales at CIIE 2024. The partnerships aim to enhance Shanghai Electric's R&D capabilities in energy and industrial solutions, focusing on developing and upgrading offerings to support global decarbonization efforts. These collaborations will strengthen the company's innovation in advanced and efficient energy technologies.

Shanghai Electric (SEHK:2727, SSE:601727) ha firmato nuovi accordi di cooperazione strategica con Carrier Group e SKF China Sales durante il CIIE 2024. Le partnership mirano a potenziare le capacità di R&D di Shanghai Electric nelle soluzioni energetiche e industriali, concentrandosi sullo sviluppo e l'aggiornamento delle offerte per supportare gli sforzi globali di decarbonizzazione. Queste collaborazioni rafforzeranno l'innovazione dell'azienda nelle tecnologie energetiche avanzate ed efficienti.

Shanghai Electric (SEHK:2727, SSE:601727) ha firmado nuevos acuerdos de cooperación estratégica con Carrier Group y SKF China Sales en CIIE 2024. Las asociaciones tienen como objetivo mejorar las capacidades de I+D de Shanghai Electric en soluciones energéticas e industriales, centrándose en desarrollar y actualizar ofertas para apoyar los esfuerzos globales de descarbonización. Estas colaboraciones fortalecerán la innovación de la empresa en tecnologías energéticas avanzadas y eficientes.

상하이 전기(상하이증권거래소: 2727, 상하이주식시장: 601727)는 CIIE 2024에서 Carrier GroupSKF China Sales와 새로운 전략적 협력 협약을 체결했습니다. 이러한 파트너십은 에너지 및 산업 솔루션에서 상하이 전기의 연구 개발 능력을 강화하고, 글로벌 탈탄소화 노력을 지원하기 위해 제품 개발 및 업그레이드에 집중하는 것을 목표로 하고 있습니다. 이러한 협업은 첨단 효율적인 에너지 기술에 대한 회사의 혁신을 강화할 것입니다.

Shanghai Electric (SEHK:2727, SSE:601727) a signé de nouveaux accords de coopération stratégique avec Carrier Group et SKF China Sales lors du CIIE 2024. Les partenariats visent à renforcer les capacités de R&D de Shanghai Electric dans les solutions énergétiques et industrielles, en mettant l'accent sur le développement et la mise à niveau des offres pour soutenir les efforts mondiaux de décarbonisation. Ces collaborations renforceront l'innovation de l'entreprise dans les technologies énergétiques avancées et efficaces.

Shanghai Electric (SEHK:2727, SSE:601727) hat auf der CIIE 2024 neue strategische Kooperationsvereinbarungen mit Carrier Group und SKF China Sales unterzeichnet. Die Partnerschaften zielen darauf ab, die F&E-Kapazitäten von Shanghai Electric im Bereich Energie- und Industrielösungen zu verbessern, mit Schwerpunkt auf der Entwicklung und Verbesserung von Angeboten zur Unterstützung globaler Dekarbonisierungsbemühungen. Diese Kooperationen werden die Innovation des Unternehmens in fortschrittlichen und effizienten Energietechnologien stärken.

Positive
  • Strategic partnerships established with major industrial players Carrier Group and SKF
  • Enhanced R&D capabilities through new collaborations
  • Expansion of technological capabilities in energy solutions
Negative
  • None.

Shanghai Electric signed new memoranda of cooperation and strategic agreements with Carrier Group and Svenska Kullagerfabriken AB (SKF) China Sales Co., Ltd. at CIIE 2024

SHANGHAI, Nov. 11, 2024 /PRNewswire/ -- Shanghai Electric  (SEHK:2727, SSE:601727) has ushered in a new chapter for its global cooperation at this year's China International Import Expo (CIIE 2024) by signing new agreements with its partners, advancing its strategic partnerships worldwide as the company sharpens its R&D capabilities to pioneer next-generation energy and industrial solutions.

The new business alliances with Carrier Group and SKF (China) Sales Co., Ltd ("SKF"), which further synergize their innovation in advanced and efficient energy technologies, will allow Shanghai Electric to leverage the partnership to develop and upgrade its offerings designed to empower global decarbonization efforts.

Shanghai Electric signed new memoranda of cooperation and strategic agreements with Carrier Group and Svenska Kullagerfabriken AB (SKF) China Sales Co., Ltd. at CIIE 2024.

"Shanghai Electric remains dedicated to forging meaningful, forward-looking partnerships globally, sharing in the limitless possibilities of technological progress," said Wu Lei, Chairman of Shanghai Electric. "We are committed to exploring new opportunities and deepening ties with partners to collectively address emerging industry challenges and explore the frontiers of sustainable technology."

The strategic agreement with Carrier Group marks the 37th year of collaboration between the two industry leaders. Under the new framework, Shanghai Electric and Carrier will unite their expertise to advance solutions that align with China's carbon neutral and carbon peak goals, focusing on indoor environmental control, industrial heat pump applications, and sustainable development.

Recognizing the strategic moment to accelerate environmental progress, both companies aim to harness their respective strengths to propel their partnership into new areas of energy-efficient infrastructure and low-carbon initiatives.

Meanwhile, Shanghai Electric's collaboration with SKF will broaden the scope and depth of both companies' contributions to industrial innovation. Harnessing SKF's cutting-edge capabilities in bearings, seals, and lubrication systems, the partnership aims to optimize Shanghai Electric's product structure and improve competitiveness in an increasingly dynamic market.

The collaboration will also include initiatives in comprehensive energy and medical equipment, where both companies will work to provide tailored solutions that support China's national goals in new energy and high-end manufacturing.

By reinforcing partnerships with organizations across its supply chain, Shanghai Electric continues to prioritize technological innovation and remains dedicated to innovations that enhance and optimize industrial solutions. Through ongoing commitment and strategic collaboration, the company aims to be at the forefront of fostering a resilient, sustainable, and advanced industrial landscape for future generations.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ciie-2024-shanghai-electric-strengthens-global-partnerships-driving-sustainable-advancements-in-industrial-solutions-302300935.html

SOURCE Shanghai Electric

FAQ

What partnerships did Shanghai Electric announce at CIIE 2024?

At CIIE 2024, Shanghai Electric announced new strategic partnerships with Carrier Group and SKF China Sales Co., , focusing on energy and industrial solutions development.

What is the purpose of Shanghai Electric's new partnerships announced at CIIE 2024?

The partnerships aim to enhance Shanghai Electric's R&D capabilities and develop advanced energy solutions to support global decarbonization efforts.

Which stock exchanges is Shanghai Electric listed on?

Shanghai Electric is listed on the Hong Kong Stock Exchange (SEHK:2727) and Shanghai Stock Exchange (SSE:601727).

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