Siemens' Guangdong JV to aid mainland's energy goals

Germany's Siemens AG announced on Thursday the establishment of a new joint venture with Guangzhou Suikai Power Co Ltd in the capital of Guangdong province, aiming to further increase its presence in the mainland market.

Markus Mildner, executive vice-president of Siemens Ltd China, said the German company is China's best partner in the transformation of the energy sector.

"The cooperation between Siemens and Suikai will give full play to our respective advantages in facilitating our offering of innovative energy solutions to local commercial buildings, industrial parks, public utilities and residential properties. Siemens hopes to continue to work with customers in the future to create a new era of intelligent and digital electrification in China," Mildner said.