Wetown Electric(688226)2024-09-30 09:11Group 1: Company Collaboration and Business Strategy - The company has established a joint venture with ABB to leverage mutual strengths in the research, production, and sales of low-voltage bus products [2][3] - The company aims to maintain bus products as the core of its distribution equipment business while targeting global markets for steady growth and increased market share [3] Group 2: Customer Base and Industry Focus - The main downstream customers for the company's bus business are in industries such as industrial manufacturing, data communication, and renewable energy, including power grids, municipal engineering, and rail transportation [3] Group 3: Business Growth and Product Development - The company reports stable growth in bus product revenue, with strong momentum in the complete equipment and transformer sectors, showcasing continuous innovation and sales breakthroughs [3] - The strategy for the energy storage business focuses on a comprehensive product line and industry chain development, enhancing manufacturing and cost advantages while expanding overseas markets through strategic cooperation with Westinghouse [3]