SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Siemens, Shanghai Electric to set up JV for Chinese wind power market

10 Dec 2011 Evaluate

Siemens and Shanghai Electric are aiming to set up two new joint ventures for the Chinese wind power market. In each of the joint venture, Siemens will have a 49% stake and Shanghai Electric will have 51%.

The company will form the joint venture to engage in research and development and the production of wind turbines for the Chinese market as also for Siemens' global supply network, while the second joint venture will be for wind turbine equipment sales, marketing, project management and execution. This was in continuance of regionalization of its wind power business in key markets. The agreements are subject to the approval of the antitrust authorities.

The entity has 16 research and development centers, 69 operating companies and 64 regional offices in China. At present, Siemens has a workforce of over 25,000 in China. For almost 15 years, Siemens and Shanghai Electric have been working together in six ongoing joint ventures in power generation and transmission. Since October, the business unit - Asia-Pacific - in the wind power division has been based in Shanghai.

Siemens Share Price

3538.10 -41.70 (-1.16%)
03-Jul-2026 11:01 View Price Chart
Peers
Company Name CMP
Havells India 1183.25
Siemens 3538.10
Apar Industries 14719.70
ABB India 6851.15
Waaree Energies 2848.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: