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Shanghai Electric and Siemens Forge a Progressive Partnership

On November 16, 2025, Shanghai Electric (SEHK: 2727, SSE: 601727) and Siemens AG officially entered into a framework agreement aimed at enhancing the development of smart electrical systems through innovative low and medium voltage equipment. This collaboration was formalized during the 8th China International Import Expo, signifying a significant step towards supporting China's ambitious 'dual carbon' strategy, which targets peak carbon emissions and carbon neutrality.

Objectives of the Partnership

The primary goal of this partnership is to accelerate the digital and green transformation of electrical infrastructure that aligns with China's environmental sustainability targets. The joint initiative will focus on revolutionizing low- and medium-voltage electrical systems to foster a more resilient and environmentally-friendly energy landscape. By leveraging both companies' complementary strengths, the agreement aims to capitalize on emerging market opportunities, streamline green transitions, and enhance the sophistication of smart grids.

The strategic collaboration is designed not only to deliver measurable advantages to both parties but also to serve as a stepping stone for creating benchmark projects that highlight the capabilities of sustainable energy networks. Zhu Zhaokai, President of Shanghai Electric, emphasized the historical trust and collaboration between the two companies, stating that this partnership represents an important milestone in building smart and green energy systems. Zhu looks forward to deepening cooperation with Siemens to demonstrate innovative solutions that empower a cleaner energy future.

Commitment to Innovation

Siemens Energy has recognized China's significant role in global energy transition efforts and reaffirmed its commitment to the partnership with Shanghai Electric. According to the company, the shared vision includes designing cutting-edge equipment and integrated solutions that will lead to the development of pilot projects showcasing Chinese innovation in sustainable energy. The collaboration between Shanghai Electric and Siemens has spanned over three decades, during which both companies have established pivotal benchmarks in the fields of electrical transport and distribution throughout China.

Some notable milestones from this partnership include:

• - April 2025: The signing of a strategic cooperation agreement aimed at promoting the transport and distribution of electricity, advancing digital transitions, and supporting low-carbon initiatives.
• - July 2025: A visit from Karim Amin, a board member of Siemens Energy, focused on exploring energy technology synergies, system integration, and global market development.

Future Prospects

The recent agreement is expected to significantly boost the ecological transformation of the electric systems sector and strengthen Shanghai Electric's leadership in the development of transport and distribution equipment. Moreover, it will open new avenues for international collaboration, paving the way for further integrated applications in diverse industrial scenarios.

By building on the foundation laid by this agreement, both parties plan to enhance their strategic collaboration, exploring advanced equipment partnerships that yield pilot projects committed to sustainable low-carbon development. Together, Shanghai Electric and Siemens aim to provide innovative and reliable 'Shanghai Electric Solutions' that will help support the energy transition both in China and worldwide.

This partnership reflects a proactive stance by Shanghai Electric in the global energy transformation narrative, showcasing a mutual commitment to digital and low-carbon development initiatives that are crucial for a sustainable future.