Shanghai Electric and Siemens Sign Framework Agreement to Accelerate Green and Digital Power Grid Transformation [Yahoo! Finance]
SHANGHAI ELEC GP UNSP/ADR (SIELY)
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Source: Yahoo! Finance
SHANGHAI Nov. 14, 2025 /PRNewswire/ -- Shanghai Electric (SEHK: 2727, SSE: 601727) and Siemens AG signed a framework agreement for the "Intelligent Grid – Medium-Low Voltage New-Type Power System Equipment Procurement Project, " during the 8th China International Import Expo (CIIE). The collaboration aims to deepen innovation in medium- and low-voltage power system equipment, driving progress in digitalization and decarbonization to support China's dual-carbon targets. (PRNewsfoto/Shanghai Electric) Under the agreement, both companies will leverage complementary strengths to accelerate market expansion, green transformation, and intelligent upgrades, delivering mutual benefits and creating benchmark projects for a sustainable power grid. The signing highlights Shanghai Electric's proactive role in the global energy transition and reflects the shared strategic vision of both companies in advancing low-carbon and digital development. "Shanghai Electric and Siemens share a long-st
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