Shanghai Electric signs strategic cooperation agreement with SKF at CIIE 2021

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Source: Shanghai Electric

The collaboration will draw on the combined strength of the two companies to advance global green initiatives

November 2021: Shanghai Electric has entered a strategic partnership with Svenska Kullagerfabriken AB (SKF) after the two companies signed an agreement aimed at harnessing their respective technology and business advantages to bring more value to global customers at China International Import Expo 2021 (CIIE). Leng Weiqing, Chairman of Shanghai Electric Group signed the agreement, alongside Vice President Jin Xiaolong.

The partnership will allow the two companies to benefit from Shanghai Electric’s rich experience in infrastructure construction as well as SKF’s comprehensive global supply chain and innovation capacity to boost their R&D capacity, leveraging the combined strength of both companies to enhance their competitive advantages and boost business value.

Over the past four years, CIIE has provided a platform on which Shanghai Electric has been able to expand its cooperation with global investors and companies for the development of new energy and advanced manufacturing.