2023-07-11 15:46:51
Shanghai Electric (SEHK:2727, SSE:601727) (“the Company”), during a recent visit by Siemens Healthineers and Siemens Energy executives, discussed the possibility of a long-term collaboration with Siemens to advance technological innovation in the The two energy and health companies are aiming for closer cooperation to create a healthier and greener China, capitalizing on the close bilateral ties between China and Germany and stepping up cooperation on climate protection to achieve sustainability and to promote innovation in different sectors.
On July 5, Elisabeth Staudinger, Member of the Management Board of Siemens Healthineers, visited Shanghai Electric’s headquarters, where she was received by Leng Weiqing, CEO of Shanghai Electric. A visit from Karim Amin, Executive Vice President of Siemens Energy, followed on the same day. During the meetings, Shanghai Electric held talks with senior officials from Siemens, its long-time partner in new energy and high-end medical equipment, to discuss the fruitful results of their collaboration that have driven innovation in China’s healthcare sector and explore opportunities improve their synergies in the development of greener solutions for energy storage and new energy sources.
“The collaboration between Shanghai Electric and Siemens has enabled us to leverage our expertise and capabilities across industries, markets and technologies to enhance our product research and development, with teams from both companies achieving numerous impressive achievements over the past few decades have. We look forward to further deepening our partnership with Siemens to spur domestic innovation in medical devices, improve China’s grassroots public health facilities, and enable China to build a safe, low-carbon and efficient energy system that can do more Chinese citizens will benefit by offering more quality healthcare and sustainable energy solutions together,” said Leng Weiqing.
Highlighting the growing demand for healthcare services in China, Elisabeth Staudinger stressed that China’s 14th Five-Year Plan, which outlines a strategy to promote domestic production of medical devices and technological innovation, will provide the two companies with more cooperation opportunities. “Siemens Healthineers would like to work hand-in-hand with Shanghai Electric to accelerate the development of China’s medical sector, improve China’s health and hygiene standards, and contribute to the realization of the ‘Healthy China 2030’ vision,” she said.
Karim Amin acknowledged the remarkable achievements of the cooperation between Shanghai Electric and Siemens and gave insights into the business development of Siemens Energy. “Siemens Energy is committed to deepening strategic cooperation with Shanghai Electric to support China’s efforts to achieve the energy transition. This means that we will increase investment in R&D, actively explore new applications of new technologies, and provide better quality products and services. We bring more technical support to help China achieve the ‘Dual Carbon’ target faster, and we also expect to make more breakthroughs in new energy together with Shanghai Electric,” he said.
The visit comes following the first face-to-face government talks between the Chinese Premier and German Chancellor Olaf Scholz since the COVID-19 outbreak in June, during which the two countries’ representatives expressed their willingness to strengthen cooperation on low-carbon development and the transition to accelerating towards a more climate-friendly economy. As Beijing and Berlin continue to work together on issues such as reducing industrial carbon emissions, doubling down on efforts to shift to climate-friendly mobility and building a circular economy, there will be new opportunities for the two companies to build on their twenty-year partnership, to drive innovation in renewable technologies and healthcare.
Since acquiring Westinghouse Electric more than two decades ago, Siemens has been a key partner of Shanghai Electric in the energy sector. The two companies are jointly developing clean, efficient power solutions in a joint venture, Shanghai Electric Power Generation Equipment. With a market share of 40 percent, the company has generated sales of over CNY 150 billion with its coal-fired power generation plants, which have set numerous records in terms of output, capacity and low carbon emissions.
2022 marks the start of a new partnership between Shanghai Electric and Siemens Healthineers, which the two companies will use to foster medical device innovation in China and improve access to quality medical resources for healthcare facilities across the country. The two companies have agreed on wide-ranging cooperation in various fields under an agreement covering business systems, product development and customer service to support Shanghai Electric’s growth in China’s booming medical sector.
About Shanghai Electric
Shanghai Electric Group Company Limited (SEHK:2727, SSE:601727), a leading global provider of industry-standard green and intelligent system solutions, is dedicated to intelligent power supply, intelligent manufacturing and digital intelligence integration. With a focus on low-carbon development and digital transformation by opening up new areas and fostering new growth drivers, Shanghai Electric aims to be a leader in achieving peak carbon emissions by 2030 and carbon neutrality by 2060 new energy equipment manufacturing and high-end equipment localization, leveraging the limitless possibilities of an innovative industrial ecosystem together with global partners.
You can find more information on:
Questions & contact:
1689090661
#Shanghai #Electric #longterm #cooperation #Siemens #strengthening #innovation #energy #healthcare #fields
