# Pinggao Electric to invest $1.26B in two new subsidiaries in Henan

Pinggao Electric announced it will invest 5 billion yuan (2 billion cash + 3 billion non-cash) to establish a wholly owned subsidiary, Pinggao Electric (Henan) High-Voltage Switch Co., and 4 billion yuan (1.5 billion cash + 2.5 billion non-cash) for another subsidiary, Pinggao Electric (Henan) Power Equipment Technology Co., both in Pingdingshan, Henan. The board approved the plan on September 10, 2025.

- Type: Investment
- Announced: 2025-09-10
- Where: Pingdingshan, Henan, China
- Value: $1.26B (9.00B CNY)
- Status: announced
- Products: high-voltage switchgear, power equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Pinggao Electric](https://endata.com/companies/15879.md)

## Sources

- [paper.cnstock.com](https://paper.cnstock.com/html/2025-09/11/content_2119986.htm), 2025-09-11: "本次对外投资设立全资子公司是实施发展战略的重要举措，对公司未来发展具有积极意义"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.