# Pinggao Electric wins State Grid substation equipment bids worth RMB 998 million

Pinggao Electric and its subsidiaries won bids from State Grid Corporation of China for substation equipment, with a total bid amount of approximately RMB 998 million.

- Type: Contract
- Announced: 2026-11-03
- Where: China
- Value: $138.0M (998.0M CNY)
- Status: announced
- Products: combination apparatus, circuit breakers, disconnectors, mutual inductors, switchgear, lightning arresters
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Pinggao Electric](https://endata.com/companies/15879.md)
- [General Electric](https://endata.com/companies/1262.md) (partner)
- [State Grid Corporation of China](https://endata.com/companies/4270.md) (customer)
- [Pingzhi Company](https://endata.com/companies/15880.md) (partner)
- [Tianjin Pinggao](https://endata.com/companies/15881.md) (partner)
- [Shanghai Pinggao](https://endata.com/companies/15882.md) (partner)
- [Pinggao Weihai](https://endata.com/companies/15883.md) (partner)
- [Pinggao Toshiba (Langfang)](https://endata.com/companies/15884.md) (partner)

## Sources

- [finance.sina.com.cn](https://finance.sina.com.cn/jjxw/2026-11-03/doc-inixmxcy2301738.shtml), 2026-11-03: "公司及子公司平芝公司、天津平高、上海平高、通用电气、平高威海以及合营公司平高东芝（廊坊）为相关项目中标单位，中标金额合计约9.98亿元"

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