During CIIE 2024, Shanghai Electric reaped great benefits by joining hands with Carrier Group, SKF Group and other industry giants to create a blueprint for strategic cooperation. Shanghai Electric embraces this global event with open arms, and through this high-level international exchange platform, it continues to deepen its cooperation with global partners and share the infinite possibilities of development.

On the afternoon of November 7, under the joint witness of Wu Lei, Secretary of the Party Committee and Chairman of Shanghai Electric Group, and Shi Shiru, President of Carrier HVAC Asia-Pacific, Shanghai Electric signed a comprehensive strategic cooperation memorandum with Carrier Group.

According to the agreement, the two sides will closely center around the "dual-carbon" goal, focusing on indoor environmental control of buildings, industrial heat pump application, low-carbon emission reduction, sustainable development and other areas. They will seize the current important strategic opportunity, make full use of their respective advantages, and work together to promote deeper and broader cooperation.

The cooperation started in 1987, resulting in one of the first joint ventures in the field of industrial and commercial air conditioning after China's reform and opening up. It is an important milestone in the history of Shanghai Electric's joint ventures. Over the years, the joint venture has become a market leader thanks to its advanced technology, excellent quality and great service. Today, the two companies are not only able to produce world-leading refrigeration and air-conditioning products in China, but also expand their business to the Asia-Pacific, European and American markets, becoming an important link in the global HVAC industry chain. Since 2023, the two sides have joined hands to upgrade strategic cooperation, with a broader vision, more diversified areas, deeper efforts, and significant progress in a number of areas.

In the face of the ever-changing market and technological development, the two sides will take this comprehensive strategic cooperation as a new starting point, carry out the details of cooperation, drive the project implementation, and keep up with the pace of the times, and continue to explore new cooperation opportunities and technological frontiers.

In the afternoon, the signing ceremony of the strategic cooperation agreement between Shanghai Electric and SKF (China) Sales Company was held.

As one of the leading comprehensive high-end equipment manufacturing enterprises in China, Shanghai Electric has established a profound relationship with SKF, a globally renowned provider of bearings, seals and lubrication solutions, since 2010. Over the past fourteen years, the two sides have established extensive and in-depth cooperation in many areas, including bearing procurement, technical support and new product development, and have achieved fruitful results.

Under the agreement, the two sides will continue to expand and deepen cooperation. Shanghai Electric will rely on SKF's world-leading technology in bearings, seals, lubrication systems, etc. to jointly optimize the product structure and enhance market competitiveness. Both sides will also take the pulse of the market, strengthen the sense of crisis and innovation, while making full use of Internet technology to launch more high-end support services and lead the innovation of service mode in the industry.

In the new journey, the two sides will also actively respond to the national new energy and "dual carbon" strategic goals, provide customized support solutions in the field of electrical integrated energy and medical equipment*, and work together to promote the prosperous development of the country's new energy and high-end manufacturing industry.