Prnewswireยท2025-11-14 14:27Core Insights - Shanghai Electric and Siemens AG signed a framework agreement to enhance medium- and low-voltage power system equipment, supporting China's dual-carbon goals [1][2][3] Group 1: Partnership Objectives - The collaboration aims to leverage complementary strengths for market expansion, green transformation, and intelligent upgrades, creating benchmark projects for a sustainable power grid [2][5] - The agreement signifies Shanghai Electric's proactive role in the global energy transition and reflects a shared strategic vision for low-carbon and digital development [2][3] Group 2: Historical Context and Future Plans - Shanghai Electric and Siemens have a long-standing partnership, with over three decades of technological collaboration and market cooperation in China's power transmission and distribution sector [4] - The new agreement is expected to accelerate the green transformation of the power system industry and strengthen Shanghai Electric's leadership in transmission and distribution equipment, while opening new opportunities for international cooperation [4][5] Group 3: Strategic Vision - Both companies plan to deepen strategic collaboration, explore integrated applications across various industrial scenarios, and leverage high-end equipment partnerships to build benchmark projects for sustainable, low-carbon development [5] - The partnership aims to deliver reliable "Shanghai Electric Solutions" to support energy transitions in China and globally [5]