Day: 25 October 2022

BANGKOK, Oct. 25, 2022 /PRNewswire/ —

• SCG International has launched a business model to help bolster the international trade potential, both offline and online. The Dubai Hub is in process of development as a supply chain hub from 21 company offices across the world, as part of a plan to penetrate new markets with high potential in the SAMEA group covering South Asia, the Middle East, and Africa.
• The mission is to survive the global disruption and crisis in 2022. SCG International aims to become a leading trusted international supply chain partner with an average long-term growth of sales are expected to total 54 billion baht in 2022.

Mr. Abhijit Datta, Managing Director of SCG International Corporation Co. Ltd., points out that

The three growth strategies that help SCG International to achieve its role as a trusted international supply chain partner are:

1. End-to-End Supply Chain Solutions: This is due to a strong network of 21 branches across the world, over 4 0 years of experience, and its own marketing platform. With a financial support system that helps maintain cash flow and supply volume.
   “We aim at the SAMEA countries —new markets in South Asia, Middle East states in the Gulf Cooperation Council, as well as African nations. The SAMEA group’s economic growth is among the world’s highest and their population accounts for over 45 per cent of the world’s total, we building its Dubai Hub product management centre in the UAE’s Dubai city, to help reduce the transport time and product costs within the SAMEA countries. We view Dubai as a city that can connect with China and India, that are the world’s production hubs,” Mr. Datta said.
2. B2B ASEAN E-Marketplace: SCG International helps its business partners access their target groups with the online platform BIG Thailand, the virtual marketplace focuses on agricultural and automotive products targeting market expansion in ASEAN countries.
3. Green Business: Smart Clean Mobility service solutions are available for the battery electric vehicle (BEV) business which integrating various services to help transform mobility fleets of all types of enterprise users to be electric vehicles. Also, SCG International has procurement solutions for the solar business, with a focus on imports and services related to the solar business.

For more information, visit the website www.scginternational.com

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VIENNA, Oct. 25, 2022 /PRNewswire/ — AUSTRIACARD HOLDINGS AG (“ACAG”), an Austrian Group with an international presence and one of the leading providers of Secure Digital Technology Solutions in Europe, announces that it will apply for listing on the Vienna and Athens Stock Exchanges and merge through a cross border transaction with its 70.79% subsidiary INFORM P. LYKOS HOLDINGS S.A. (“INFORM LYKOS”), a company listed on the Athens Stock Exchange (Bloomberg code LYK:GA, Reuters code LYKr.AT). Subject to approval by the relevant competent authorities and shareholders’ general meetings of both companies, ACAG will absorb INFORM LYKOS and will be listed on the Vienna and Athens Stock Exchanges. This process is expected to be completed by the end of March 2023.

ACAG and its subsidiaries, including AUSTRIA CARD GmbH, INFORM LYKOS and TAG SYSTEMS, provide Secure Digital Technology Solutions and Secure End Products & Services, in two broad categories:

• Secure Digital Technology Solutions, such as Hardware Embedded Security (Internationally Certified Chip Platforms), high added value Payment Solutions, Authentication, Data Capture, Data Mining, Process Automation, AI, Digitalisation Solutions, IoT platforms, etc.
• Secure End Products and Services, such as Banking Smart Cards & Associated Services, Secure Smart Cards for Identification, Health, Driving, Transportation, Billing / Statements, Secure Ballots, Secure Medicine and Alcohol Labels, Electronic Book Publishing and many others, representing a combination of our Secure Digital Technology Solutions, with cutting edge Secure End Products and Services, either in physical or in digital forms.

In 2021, ACAG, on a consolidated basis, had €178.0m revenues and €26.8m EBITDA, while in the first half of 2022 revenue reached €137.1m (69% year-on-year increase) and adjusted EBITDA €19.8m (137% year-on-year increase).

The merger is expected to contribute to an improved group profile with increased geographical and product reach, broader cross selling opportunities and increased economies of scale. The more than 1,400 people employed within the Group today, will benefit from an international, closer knit working environment, which will stimulate knowledge, enhance experience sharing, provide international development opportunities and accelerate group-wide adoption of best practices.

Mr. Panagiotis Spyropoulos, Vice Chairman of the Management Board of ACAG and Group CEO, stated: “Having successfully completed the onboarding of the recently added in the Group talented new team members that joined us from the acquired companies, now it is the right time to fully leverage our global footprint, by making available to our clients the full spectrum of the highly Secure Digital Technology Solutions we have already developed and the ones to come, being yet at an R&D phase. Additionally, our listing on both the Vienna and the Athens Stock Exchange, will provide to the investment community the ability to share into our success.”.

Mr. Manolis Kontos, Executive Vice President, stated: “By implementing this merger, the new group will have a strong portfolio of seamless solutions that are focused in serving our B2B clients which are active in the Banking, Energy, Telcos and Retail in both the Private and Public sectors. With extensive experience of over 125 years in the fields of Information Management & Data Encryption for high-end Secure Communications and with a very customer centric approach, the Group is well positioned to grow its footprint both horizontally and vertically by maximizing internal talent and attracting new.”.

Mr. Jon Neeraas, Executive Vice President, stated: “Through this merger, our market leading position in the Challenger Banking Segment and our market leading position in key European Banking markets, will be underpinned by award winning digital solutions offerings. Our Banking customers, in Regions such as Scandinavia, Austria, Central Eastern and Southeastern Europe, where we are market leaders today, will be able to access products and solutions complementary to the payment card, whilst we enable our Global Challenger Banking customers to procure digital technology platforms, in order to future proof the value which we provide to this fast paced, high tech segment. Our market share will increase in markets such as the United Kingdom, Spain, Germany, Turkey, Middle East and Africa. Additionally, our operation in the USA will be further strengthened with significant upside potential. Sustainability is crucial to our future and essentially, our road map will serve the next generation of Fintechs and Traditional Banks. By utilizing more efficiently the Group’s resources, we shall be able to offer a more solutions-oriented portfolio with end-to-end solutions and services, from card issuance, to payment processing/clearing and advanced high added value payment related solutions. This Embedded Finance model will be a game changer, the first of its kind in our industry”.

Mr. Nikolaos Lykos, Chairman of the Management Board of ACAG and major shareholder, stated: “This merger is a pivotal point in the Group’s history as it is the culmination of a 40-year-old effort to steer the Company from a world, where people were communicating and thinking through ink and paper, to a world, where communication is a pack of bits, instantaneous, global and elusive.

Over the past 125 years our ethos has been hammered to developing the best-in-class solutions and today, we pride ourselves in helping our customers to seamlessly connect to the Digital Era.”

Contact:
Tel: +43161065-352
marketing@austriacard.at
www.austriacard.com

JAKARTA, Indonesia, Oct. 25, 2022 /PRNewswire/ — PT PLN (Persero) today outlined its focus on providing infrastructure to accelerate Indonesia’s electric vehicle ecosystem, aimed to reduce the carbon emission on transportation.

Minister of State-Owned Enterprises (BUMN) Erick Thohir said the government is fully committed to develop the electric vehicle ecosystem, mainly after President Joko Widodo released Presidential Regulation Number 55 of 2019 on the Acceleration of the Battery Electric Vehicle Program for Road Transportation.

For this reason, the Ministry of State-Owned Enterprises (BUMN) is in full support by assigning a number of SOEs, including PLN, to accelerate the electric vehicle ecosystem in Indonesia. “We all should keep national energy security in appropriate condition, which at this time we import 1.5 million barrels per day for fuel-oil based (BBM) or the equivalent of Rp 200 trillion per year. Electric vehicles are the solution to reduce the foreign exchange abroad,” he said.

Minister Thohir explained that the transition of electric vehicles has many benefits, both for the economy and the environment. This is in line with the national goal to continue to encourage sustainable economic development. “Electric vehicles are more eco-friendly transportation. The emissions produced are lower than fuel-oil based vehicles, so it will reduce air pollution as well as noise pollution,” said Minister Thohir.

Moving quickly, the Ministry of SOEs has also assigned a number of SOEs, including PLN, to collaborate on accelerating the electric vehicle ecosystem in Indonesia. President Director of PLN Darmawan Prasodjo stated that PLN is ready to support the acceleration of the electric vehicle ecosystem from upstream to downstream. Besides securing power supply for charging electric vehicles, PLN has also prepared supporting infrastructure and services to facilitate users towards switching to electric vehicles.

Currently, PLN has developed 150 units of Public Electric Vehicle Charging Stations (SPKLU) spread over 120 locations. PLN plans to expand 110 units more of SPKLU in 2022. Darmawan said that PLN is pleased to welcome business entities to collaborate in partnerships to provide SPKLU. A new scheme for the provision of SPKLU is the Partnership Investor Own Investor Operate (IO2) in which the Partner prepares investment funds according to the type of SPKLU service, land provision and operation and maintenance. “PLN also cooperates with state-owned banks or Himbara for EV banking service products, car installments and the SPKLU franchise,” he said.

In addition, for electric motor vehicles, PLN has also provided a General Electric Vehicle Battery Exchange Station (SPBKLU). Currently there are 16 units installed in Jakarta, and 2 units in Surabaya. In 2022, it is planned that 70 SPBKLU units will be expanded with a total of about 300 batteries and locations spread across Java and Bali.

“Considering the experience of electric vehicle users, charging is mostly done at home when the vehicle is not in use. Usually at night. For this reason, PLN has also collaborated with ATPM or electric vehicle distributors,” he said.

Through this collaboration, PLN customers who purchase electric vehicles will immediately be assisted with the installation of home charging and discounts fee on new installation for electric vehicles, namely the ‘Super EVeryday’ promo. “PLN also provides a 30 percent discount fee for use from home charging electricity from 22.00 WIB to 05.00 WIB,” he said.

Electric vehicle users are also facilitated, Darmawan said, by Electric Vehicle Digital Services (EVDS). The EVDS is a platform for complete electric vehicle services. “EVDS will improve customer experience by digitizing and integrating all customer service systems for users or potential users of electric vehicles,” he explained.

PLN is also actively collaborating with other SOEs institutions to scale up an end-to-end EV Battery supply chain through the Indonesia Battery Corporation (IBC). Darmawan explained, the potential for nickel in Indonesia will be able to support the acceleration of EV in Indonesia, because the battery component is the most expensive component in an electric vehicle.

Therefore, PLN has joined the IBC, a consortium of 4 SOEs, which consists of PLN, Antam, Pertamina and Mind ID, that will engage the mining and energy sectors. “In 2022, PLN will increase the fund up to IDR 513 billion to IBC to develop the battery industry,” said Darmawan.

BANGKOK, Oct. 25, 2022 /PRNewswire/ — Huawei’s 13th Global Mobile Broadband Forum (MBBF) kicked off in Bangkok today with a keynote from the company’s Rotating Chairman, Ken Hu.

“5G has grown faster than any previous generation of mobile technology,” began Hu. “In just three years, we’ve seen solid progress in network deployment, consumer services, and industry applications.”

“5G is in the fast lane,” he continued, “and we should all be proud of the progress we’ve made. But there’s more we can do to maximize its value. We need to work together to fully unleash the power of 5G networks and expand into services like cloud and system integration. Together, we can drive leapfrog development in 5G networks, applications, and the industry as a whole.”

As of October 2022, more than 230 carriers around the world have launched commercial 5G services. In total, the industry has set up over three million 5G base stations, serving more than 700 million subscribers.

In telecoms, consumer services still account for the bulk of carrier revenue. As 5G becomes more prevalent, its vastly superior experience is driving new shifts in consumer behavior, including a sharp rise in high-definition video traffic. New mobile applications that take advantage of 5G’s greater speeds and lower latency have doubled average user data consumption (DOU) and are increasing average revenue per user (ARPU) by 20%–40%, contributing to steady growth in carrier revenue from connectivity.

At the same time, B2B 5G applications are also becoming a new engine for carrier revenue growth, producing considerable value in industries like oil and gas, manufacturing, and transportation.

These applications are not only innovative – they’re generating real commercial value for carriers. In 2021, for example, Chinese carriers brought in over CNY3.4 billion (roughly USD500 million) in new revenue from more than 3,000 industrial 5G projects. What’s more, these projects also generated 10 times that amount from related data and integrated ICT services.

B2B 5G applications are poised to become the fastest growing revenue stream for carriers. 5G is enabling new service scenarios, applications, and business models, paving the way for unprecedented growth opportunities in the industry.

“To seize these opportunities,” said Hu, “there are a few things we need to do.”

Building out networks for better user experience

Beyond expanding coverage, networks should be built in a way that optimizes different types of user experience. For example, Chinese carriers have optimized their networks for TikTok and other popular video services, reducing first input delay by 50% and frame freeze by 90%. This much smoother video experience has doubled data consumption and is attracting new users to 5G services.

Driving the development of 5.5G

To push 5G to the next level, Huawei worked with carriers and industry partners to propose four features for 5.5G, the next evolution of 5G technology: 10 Gbps downlink, 1 Gbps uplink, support for 100 billion connections, and native intelligence.

“The industry needs to come together to define standards, prepare the spectrum, and build out the ecosystem,” said Hu.

Driving service innovation to maximize the value of 5G

With large bandwidth and low latency, 5G can be integrated with cloud and AI to provide entirely new services for consumers and businesses alike. Carriers can deliver new experiences like extended reality (XR), cloud gaming, and enriched calling services for individual consumers, and provide enterprises with more comprehensive digital transformation solutions. These open up new revenue streams, presenting an opportunity for carriers to go beyond connectivity and move into cloud services and system integration.

Industry digitalization is the next wave of global economic development. As a key enabler of digital transformation, 5G opens up a world of new opportunities. But the ICT ecosystem needs to work together to make the most of them. “If we work together, we can drive leapfrog development in 5G networks, applications, and the industry as a whole,” Hu concluded.

The Global Mobile Broadband Forum 2022 is hosted by Huawei, together with its industry partners GSMA and GTI. This annual forum gathers mobile network carriers, vertical industry leaders, and ecosystem partners from around the world to discuss how to make 5G a commercial success, as well as other high-priority industry topics like green development, intelligence, and 5G evolution. For more information, please visit:

https://www.huawei.com/en/events/mbbf2022.

–End–

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TAIPEI, Oct. 25, 2022 /PRNewswire/ — Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, debuts HA (high availability) Service on their EonStor GS unified storage solutions. The new feature significantly improves storage redundancy, ensures continuous operations, and minimizes service disruption in unforeseen events.

EonStor GS is a unified storage system with dual redundant controllers designed for enterprises. Companies using the storage solutions can enjoy nonstop services when a single PSU/controller fails. However, continuous services are hardly guaranteed when encountering unforeseen locality events such as power outages and network disruptions. Planned events like system update may still lead to operation downtime and revenue loss.

To help enterprises overcome these issues, Infortrend offers HA service on EonStor GS to deliver uninterrupted operations with site resilience, realizing near-zero Recovery Time Objective (RTO) and zero Recovery Point Objective (RPO).

To implement the HA Service, an enterprise deploys two storage systems at near sites. When one of them fails or malfunctions, the other immediately takes over all services. This operation is based on the “Auto failover / Auto failback” mechanism where it constantly monitors the status of these two systems to ensure an automated, swift service transition. Besides, identical copies of data are stored on both systems, so that the high avaliability mechanism ensures the services are take over seamlessly without users noticing.

“EonStor GS coupled with HA Service brings great benefits to operations requiring continuous services, such as finance, telecommunication, government and public sectors, energy, high-tech manufacturing, medical industry, etc.,” said Frank Lee, Senior Director of Product Planning at Infortrend. “Additionally, HA Service is also available on EonStor GSe single-controller unified storage to help SMBs provide continuous service even when one site malfunctions”

Learn more about EonStor GS and EonStor GSe

Contact Infortrend to Make an Inquiry

About Infortrend

Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user friendly data services, personal after-sales support, and unrivaled value. For more information, please visit www.infortrend.com

Infortrend® and EonStor® are trademarks or registered trademarks of Infortrend Technology, Inc.; other trademarks are the property of their respective owners.

• $50 million USD plus in training and salary support assistance
• 1,000 plus employees trained across USA, Europe, and Saudi Arabia
• Training to concentrate on manufacturing, sales, marketing, and engineering

RIYADH, Saudi Arabia, Oct. 25, 2022 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced the signing of a Memorandum of Understanding (MoU) with the Human Resources Development Fund (HRDF) in Saudi Arabia. The MoU will facilitate agreements between Lucid and HRDF to source Saudi talent and provide them with the appropriate skill development opportunities through training programs and on the job training.

“The agreement with HRDF will help achieve our people strategy in Saudi Arabia,” said Faisal Sultan, Vice President and Managing Director of Lucid Middle East. “With the right training and skills provided, we can enrich the local talent, preparing them to fill the thousands of future job opportunities in this project. We are keen on achieving high and sustainable human capital localization in line with Vision 2030 objectives”

HRDF, which is part of the National Development Fund, will contribute 75% of the training costs and salary support for more than 1,000 employees, resulting in an estimated contribution of more than $50 million USD (SARs 187.5 million) over a 5-year period.

“This collaboration and investment from HRDF will allow Lucid to provide essential and meaningful training opportunities for Saudi nationals, many of whom may not have worked in the EV space previously, and will be instrumental in making sure we have well-trained professionals in Saudi Arabia,” said Sherry House, Lucid’s CFO.

As part of Vision 2030, Saudi Arabia set a goal to lower unemployment and HRDF is a leading government entity tasked to enable the private sector to achieve this goal. Turki bin Abdullah Al-Jaweni, Director General at HRDF said, “Since the launch of the national transformation agenda in 2016, Saudi Arabia has been making positive progress towards achieving our unemployment goal. Partnerships such as the one we launched today with Lucid, will help us in getting closer to the national target achieving sustainable economy and will open new quality jobs for our National talents.”

The announcement of the HRDF MoU comes on the back of Lucid opening their first Studio in Saudi Arabia, located in the capital in Riyadh, at a high-profile event hosted by Peter Rawlinson, CEO and CTO of Lucid Motors, and attended by H.E. Bandar Al Khoreyf, and several other Lucid executives. Earlier in the year, Lucid announced plans for a full production factory at King Abdullah Economic City (“KAEC”) in Saudi Arabia which at its peak, is expected to manufacture up to 155,000 vehicles per year. And in April 2022, Lucid announced an agreement with the Government of Saudi Arabia, under which the Government will purchase up to 100,000 vehicles over a ten-year period, with an initial commitment to purchase 50,000 vehicles and an option to purchase up to an additional 50,000 vehicles over the same period.

About Lucid Group
Lucid’s mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The company’s first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. The Lucid Air Grand Touring features 819 horsepower and an estimated 830 kilometers of range. Customer deliveries of Lucid Air, which is produced at Lucid’s factory in Casa Grande, Arizona, are currently underway to U.S. customers.

Media Contact
International: media@lucidmotors.com

Regional:
Ibrahim Anabtawi, Brunswick Group: LucidKSA@brunswickgroup.com

Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

Forward-Looking Statements
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations with respect to the MoU with HDRF in Saudi Arabia, including the potential future impact and effects of the MoU, Lucid’s people strategy in Saudi Arabia, Lucid’s plans regarding its Riyadh studio, Lucid’s plans, strategies, and expectations regarding its future manufacturing capabilities and facilities in Saudi Arabia, including future production capacity, Lucid’s expectations regarding the Government of Saudi Arabia’s commitment to purchase vehicles, and the promise of Lucid’s technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid’s management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading “Risk Factors” in Part II, Item 1A of Lucid’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, as well as other documents Lucid has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Lucid’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid’s expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid’s assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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SHANGHAI, Oct. 25, 2022 /PRNewswire/ — Shanghai Electric‘s Go! 0 Carbon Walker public service campaign launched on World Walking Day has recently come to a successful conclusion.

The campaign encouraged the public to walk rather than drive and, by doing so, help to make a low-carbon future a possibility. Every 2,000 steps completed by a participant represented one of the firm’s zero-carbon projects, turning on a light on a designated signboard. Once every one of the lights had been turned on, a lucky draw was held, with one participant receiving a complimentary prize.

Another feature of the campaign was that the first 1,200 attendees who completed 20,000 steps during the event will be joining Shanghai Electric in Yan’an, a city in China’s Shaanxi province. Here, they will witness the value of the online environmental initiative when they plant the exclusive Zero-Carbon Tree as a genuine opportunity to participate in low-carbon practices.

As an inseparable part of what it means to adhere to ESG principles, efforts in the public sector are key to social progress, with a broad and profound impact on both nature and society.

Responding to the Chinese government’s mission to reach the carbon peak by 2030 and carbon neutrality by 2060 (referred to as the 30-60 dual carbon goals), Shanghai Electric has added to the robustness of its own business through a range of best practices and strong capabilities.

In the energy and manufacturing sectors, the two areas most responsible for  the country’s energy consumption, Shanghai Electric has been building new, comprehensive power systems and a complete solution for futuristic zero-carbon industrial parks in a move to take the lead in helping the Chinese government achieve its decarbonization goals.

Making going green a vital part of its mission, Shanghai Electric has already taken many steps to vastly reduce its impact as much as possible on the ecological environment. The firm’s 44-square kilometer 700MW thermal power and 250MW photovoltaic solar power facility in Dubai is currently the world’s largest solar thermal project in terms of installed capacity, investment scale and molten salt energy storage.

During the construction of the facility, Shanghai Electric made environmental protection a key priority, appointing a local professional animal welfare agency to undertake an on-site survey and organize the safe transfer of local fauna, including lizards, camels, antelopes and red foxes. The effort also included the relocation of over 200 precious trees that had been growing on the site for years. The Dubai project has not only become a new benchmark for global solar power generation under the umbrella of the Belt and Road initiative but also demonstrated the actions taken by Chinese companies in protecting the environment and benefiting people’s livelihoods during their involvement in overseas projects.

The company has also extended its going green initiative to the public sector. In 2022, Shanghai Electric and Green Carbon Foundation undertook a green public service project whereby 1,200 trees were planted on the west bank of the Yellow River in Yan’an, a city in Shaanxi Province, in order to create a low-carbon forest to protect the river, as well as to assist the country in meeting the 30-60 dual carbon goals through practical actions. Shanghai Electric is committed to preserving the planet and advocating eco-friendly ideas throughout the whole company.

In April 2021, Shanghai Electric made a one-time donation of 700,000 yuan to support an economic development project in Shanghai’s Fengxian District, in addition to providing marketing support to Zhuangxing Town in Fengxian District to help in the sale of produce worth more than 1.3204 million yuan.

The firm also played a role in promoting cooperation between the country’s western and eastern regions, as well as revitalizing rural areas. In 2021, Shanghai Electric Power Generation Group, Shanghai Mitsubishi Elevator, and Shanghai Electric Wind Power Group, three subsidiaries of Shanghai Electric, partnered with three villages in Fuyuan County, Qujing, Yunnan Province, where each one of the subsidiaries furnished support to one of the villages.

Over the course of 2021, Shanghai Electric provided 450,000 yuan in assistance funds to deal with identified practical issues, while helping to solve logistics issues in terms of getting more than 9.0516 million yuan worth of produce into the hands of consumers. These actions went a long way in helping accelerate the revitalization of rural areas.

As early as 2017, Shanghai Electric started to build the first rural distributed water treatment demonstration project in Huapiao Village, Chenjia Town, Chongming District. Without emitting any odor or noise, the compact 10-square meter integrated domestic sewage treatment station specially designed for the district was able to easily treat some 30 tons of domestic sewage discharged daily by over 100 farming households living in the proximity of the village.

In 2020, Shanghai Electric put together a package that included its proprietary integrated intelligent sewage treatment equipment, prefabricated facilities, sewage treatment technologies, river and lake dredging techniques, as well as digital intelligence and eco-friendly information technology, to build a comprehensive water environment management solution in its rural sewage treatment PPP project in Huaiyuan County, Bengbu, Anhui Province.

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