# Končar and China XD Electric form joint venture for high-voltage switchgear

Končar and China XD Electric have signed an agreement to form a joint venture, KONČAR-XD High Voltage Switchgear, in Zagreb, Croatia. The $21.5 million investment will manufacture high-voltage equipment up to 550 kV for European markets.

- Type: Partnership
- Announced: 2018-12-17
- Where: Zagreb, Croatia, Croatia
- Value: $21.5M
- Status: announced
- Products: high-voltage switchgear, high-voltage equipment up to 550 kV
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [China XD Electric](https://endata.com/companies/15369.md) (partner)
- [KONČAR](https://endata.com/companies/16085.md) (partner)

## Sources

- [transformer-magazine.com](https://transformer-magazine.com/news/6128-koncar-and-china-xd-electric-form-joint-venture-for-high-voltage-equipment/), 2018-12-17: "The production range of this $21.5 million investment will supplement the existing products of KONČAR – Switchgear, and it will be primarily intended for European markets."

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