• Powerful cooperation to provide complete busbar solutions to enhance customer value
• Improve manufacturing capabilities to match the growth of market demand
• Accelerate technological innovation and product development based on decades of collaborative cooperation

ABB, a technology leader in the field of electrical and automation, and Weiteng Electric Group Co., Ltd. (hereinafter referred to as "Weiteng Electric"), an outstanding company in China's busbar industry, have reached an agreement to establish a new joint venture in China. The cooperation covers the research and development, production and sales of ABB's low-voltage busbar products in China, aiming to further enhance the competitiveness of ABB's busbar products and continuously expand its domestic and international market share.

China's busbar market will grow rapidly in the next few years. Busbars are widely used in various electrical systems to distribute electrical energy loads and provide reliable power for heavy equipment, lighting, air conditioning, etc. They are generally more efficient than cables and bridge components and are easier to install or replace.

As China's electrification and energy transformation process continues to accelerate, ABB and Weiteng Electric will use automation and sustainable production processes, combined with the expertise of both parties, to expand market coverage.

Nicole Koeppen, global product manager of ABB's electrical smart power low-voltage system, said: "This is not only the implementation of our continued investment in China, but also a firm commitment to all electrical customers in China. ABB has industry-leading technical expertise in the low-voltage distribution market. As a long-term partner of ABB, we believe that this cooperation will bring huge opportunities for both parties to jointly expand the market coverage of busbar products and low-voltage distribution system products to meet customer needs."

Mr. Jiang Wengong, Chairman of Weiteng Electric, said: "As a well-known company in China's busbar industry, Weiteng is as passionate about innovation in the field of electrification as ABB. Our closer cooperation this time will promote business growth in the entire region and provide better services to our customers, while also opening up new channels for the continued growth of both companies."

ABB is a technology leader in the field of electrical and automation, committed to enabling a more sustainable and efficient future. ABB integrates engineering experience and software technology into solutions to optimize manufacturing, transportation, energy and operations. Adhering to more than 140 years of excellence, ABB's approximately 105,000 employees around the world are fully committed to promoting innovation and accelerating industrial transformation.

As a leading busbar enterprise and distribution system solution service provider, Weiteng Electric covers three major businesses: distribution equipment, new photovoltaic materials, and energy storage systems. After years of market development and cultivation, it has continuously improved product quality and service levels, and established a brand image of reliable quality and perfect service in the industry. It has a high reputation and brand influence in the domestic busbar industry.