On November 7, the Shanghai Trading Group of the 8th CIIE hosted a signing ceremony and the Shanghai SOE High-Level Open Cooperation Summit Dialogue at the National Exhibition and Convention Center (Shanghai). Executive Vice Mayor Wu Wei attended and delivered remarks, with He Qing, Director of the Shanghai SASAC, presiding. Zhu Zhaokai, Deputy Party Secretary and President of Shanghai Electric Group, attended the meeting.

During the signing ceremony, Shanghai Electric Power Transmission & Distribution Group and Siemens AG signed a framework agreement for the “Smart Grid Blueprint — Procurement Project for Medium- and Low-Voltage New Power System Equipment.” Under the agreement, both sides will focus on next-generation medium- and low-voltage power system equipment, strengthening collaborative innovation and exploring new opportunities in digitalization and the low-carbon economy. They will leverage complementary strengths to achieve win-win outcomes in market expansion, green and low-carbon transition, and digital transformation.

Shanghai Electric and Siemens China have enjoyed more than 30 years of close cooperation, achieving major milestones and setting industry benchmarks in China’s power transmission and distribution sector. Today, against the backdrop of global carbon-neutrality goals and energy transformation, Shanghai Electric is accelerating its transition from a traditional equipment manufacturer to a green, intelligent energy system provider, while Siemens China continues to serve as a strategic pillar of Siemens’ global layout. Going forward, both companies will actively support China’s dual-carbon goals, deepen integration across industry application scenarios, and unlock further cooperation potential in high-end equipment, contributing to global green development.

According to reports, 12 projects from 11 major state-owned enterprise groups, including Shanghai Electric, SAIC, Shanghai Industrial Investment, Bright Food Group, Bailian Group, Donghao Lansheng Group, Orient International, Bank of Shanghai, Airport Group, Lingang Group, and Greenland Group, were signed during the ceremony. The total value of the agreements reached approximately RMB 2.99 billion. These signings deepen strategic partnerships between global enterprises and Shanghai’s SOEs, expanding cooperation into broader dimensions, deeper industrial coordination, and shared innovation ecosystems.