Wuxi Mayor Wang Quan met with Shanghai Electric's CEO Zheng Jianhua on August 12 to discuss the company's manufacturing projects in Wuxi.
Both sides had already agreed at the beginning of the year to develop hand in hand.
Shanghai Electric plans to settle its manufacturing projects for engines, turbines, 3D printing and thin-film solar batteries in Wuxi due to the city's location, preferential policies and resources. These projects all conform with the development direction of Wuxi's manufacturing industry.
Shanghai Electric is a multinational power generation and electrical equipment company headquartered in Shanghai. It has a long history and one of its subsidiaries was established before 1880.
Shanghai Electric is engaged in the design and manufacture of electrical equipment, including generators, transformers, and environmental protection equipment. It is listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.
