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Samsung Electric: The company is preliminarily awarded the State Grid project with a total amount of approximately 349 million yuan.
Samsung Electric announced that the company and its wholly owned subsidiaries Samsung Intelligent and Aux Intelligent Technology have recently been recommended as the winning candidate in the first measurement equipment and charging/discharging equipment public tender procurement for the 2026 marketing project of State Grid Corporation of China, as well as in the second and first substation equipment (including cables) public tender procurement projects for transmission and transformation projects. The total estimated winning bid amount is approximately 349 million yuan. Among them, the company is the candidate for the first measurement equipment public tender procurement for the 2026 marketing project, with an estimated total winning bid amount of about 239 million yuan; Samsung Intelligent is the candidate for the first charging/discharging equipment public tender procurement for the 2026 marketing project, with an estimated total winning bid amount of about 25.1528 million yuan; Aux Intelligent Technology is the candidate for the second and first substation equipment (including cables) public tender procurement for the 2026 transmission and transformation projects, with estimated total winning bid amounts of 59.2035 million yuan and 26.0773 million yuan, respectively.