Siemens to Enter Chinese Smart Cars Market Among Other Energy Tie-Ups
Xu Wei
/SOURCE : Yicai
Siemens to Enter Chinese Smart Cars Market Among Other Energy Tie-Ups

(Yicai Global) Nov. 7 -- Siemens has penned various contracts, including one that marks the German home appliances firm's first step toward developing autonomous cars, at the ongoing import fair in Shanghai.

Siemens inked a cooperation agreement with China-Singapore Suzhou Industrial Park, a joint project with the two regional governments, to build a pilot zone for connected vehicles, state-backed The Paper reported today. The deal involves the design and construction of the infrastructure for such car development.

Other partnerships mostly involve energy. The Munich-based firm signed a cooperation agreement with state-owned China Southern Power Grid to make equipment, such as transformers and DC arresters, as well as offer related services, for the hydroelectric Wudongde Dam in southern China.

Siemens signed a letter of intent with State Grid to take an active part in the extra-high voltage projects to be built in China from next year to 2021. Siemens also penned a purchase agreement on gas turbine equipment and services with state-owned China Huaneng Group. The German firm will provide China Huadian with advanced gas turbines to a power plant in southern Guangdong province and help provide enough clean energy for the Guangdong-Hong Kong-Macao Greater Bay Area.

Siemens also plans to join hands with industrial partners on fields including factory automation, tools manufacturing, and metal cutting, as well as purchasing electric dump trucks.

The first China International Import Expo is being held at the National Convention & Exhibition Center in Shanghai till Nov. 10.

Editor: Emmi Laine

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Keywords: Germany , Siemens , Automated Cars , AutoPilot , Smart Cars , Connected Vehicles , China-Singapore Suzhou Industrial Park , CIIE , China Imports , Trade