German industrial giant Siemens (NYSE:SI) is in talks with a potential partner to set up its first wind power turbine manufacturing joint venture in mainland China as part of efforts to expand sales of green products. It is speculated that the potential partner would be its strategic partner, Shanghai Electric (SHA:601727)(HKG:2727). Siemens has a 5 per cent stake in Shanghai and Hong Kong-listed Shanghai Electric.
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German industrial giant Siemens (NYSE:SI) is in talks with a potential partner to set up its first wind power turbine manufacturing joint venture in mainland China as part of efforts to expand sales of green products. It is speculated that the potential partner would be its strategic partner, Shanghai Electric (SHA:601727)(HKG:2727). Siemens has a 5 per cent stake in Shanghai and Hong Kong-listed Shanghai Electric.