Wetown and ABB Form Strategic Joint Venture to Advance Power Distribution Solutions
Wetown Electric and ABB Establish Joint Venture to Accelerate Technological Innovation and Drive Busbar Industry Development
· A powerful partnership to provide complete busbar solutions and enhance customer value
· Enhancing manufacturing capabilities to meet growing market demand
· Building on decades of collaboration to accelerate technological innovation and product development
On September 19, 2024, Wetown Electric and ABB, a leader in the electrical sector, reached an agreement to establish a new joint venture in China. The collaboration encompasses the research, development, production, and sales of ABB’s low-voltage busbar products in China, aiming to further enhance the competitiveness of ABB’s busbar offerings and continuously expand market share both domestically and internationally. This marks a significant strategic move and development for both companies in the field of low-voltage power distribution. The new joint venture will provide industry-leading ABB busbar solutions to customers at home and abroad, focusing on key industries and priority markets. By leveraging Wetown Electric and ABB’s technological innovation, global sales, and service support networks, the partnership will continuously create value for customers.
Mr. Jiang Wengong, Chairman of Wetown Electric, stated: “As a well-known enterprise in China’s busway industry, Wetown shares ABB’s passion for innovation in the field of electrification. This closer collaboration between our two companies will drive business growth across the region, deliver superior services to our customers, and open new pathways for the sustained growth of both companies.”
Nicole Koeppen, Global Product Manager for ABB Electrification’s Smart Power Low Voltage Systems, commented: “This is not only a realization of our ongoing investment strategy in China but also a firm commitment to all electrical customers in the country. ABB boasts industry-leading technical expertise in the low-voltage power distribution market, and with Wetown as our long-term partner, we believe this collaboration will bring tremendous opportunities for both parties. Together, we will expand the market coverage of busbar products and low-voltage power distribution systems to meet customer needs.”
Wetown Electric possesses a robust busbar industry chain advantage and outstanding delivery capabilities. This powerful alliance with ABB will fully leverage the strengths of both parties, fostering technological innovation, resource integration, and accelerated team synergy. It will comprehensively enhance core competitiveness, expand the busbar product line, and provide customers with complete solutions, empowering high-quality development through high-level cooperation.
About ABB
ABB is a technology leader in electrification and automation, dedicated to enabling a more sustainable and efficient future. By integrating engineering expertise with software technology, ABB delivers solutions that optimize manufacturing, transportation, energy, and operations. With over 140 years of excellence, ABB’s approximately 105,000 employees worldwide are committed to driving innovation and accelerating industrial transformation.