On June 3, Zhu Zhaokai, Deputy Secretary of the Party Committee and President of Shanghai Electric Group, held talks with Kei Urushima, Representative Executive Officer and President of Mitsubishi Electric Corporation (hereinafter referred to as "Mitsubishi Electric"), who was visiting China for exchanges. The two sides had in-depth exchanges on topics such as deepening cooperation in the field of smart buildings, expanding overseas markets and technological innovation.

Zhu Zhaokai said that Shanghai Electric has always adhered to the development concept of "open collaboration, win-win cooperation" and is committed to working with international partners to promote mutually beneficial cooperation. At present, China is actively creating a market-oriented, rule-of-law and internationalized first-class business environment, which provides a stable and predictable macro environment for the future joint venture cooperation between the two sides. It is expected that both parties can give full play to their respective strengths, especially in the emerging field of smart buildings, and further deepen cooperation through innovative operation models, strengthening technology research and development and market promotion. At the same time, it is hoped that both parties can combine the expansion of overseas markets to jointly explore new growth points and achieve win-win cooperation and common development.

Qi Jianqi reviewed the cooperation between Mitsubishi Electric and Shanghai Electric over the years and highly appreciated the fruitful cooperation achieved by both parties. He said that in the face of the current complex and changing market situation, the two sides should further strengthen communication and cooperation, and promote the application and innovation of the joint venture in cutting-edge technology fields such as artificial intelligence through in-depth discussions and sharing of resources. At the same time, it is also hoped that both parties can take more flexible and effective cost control measures, optimize product structure and supply chain management, meet customer needs with more efficient and high-quality services, further expand overseas business territory, and achieve steady improvement in operating performance.

Relevant leaders from both sides were present at the meeting.