# Jiezou Power, Hengtong Electric and PE Transformer form joint venture Eco Electric Technology

Jiezou Power, Hengtong Electric and PE Transformer signed a strategic cooperation agreement to form a joint venture, Eco Electric Technology Co., Ltd., with a $20 million investment to manufacture IEEE/ANSI standard transformers from 480V to 220KV, 10KVA to 120MVA.

- Type: Partnership
- Announced: 2023-08-25
- Value: $20.0M
- Status: announced
- Products: IEEE/ANSI standard transformers, 480V to 220KV transformers, 10KVA to 120MVA transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Eco Electric Technology Co., Ltd.](https://endata.com/companies/72248.md)
- [Jiezou Power](https://endata.com/companies/72245.md) (partner)
- [Hengtong Electric](https://endata.com/companies/72246.md) (partner)
- [PE Transformer](https://endata.com/companies/72247.md) (partner)

## Sources

- [jiezoupower.com](https://www.jiezoupower.com/news/jiezou-power-hengtong-electric-pe-transformerstrategic-cooperation-signing-ceremony/), 2023-08-25: "JZP,HT and PE joint venture ECO ELECTRIC TECHNOLOGY CO.,LTD. with support from government and investment of 20 millions dollars ,will mainly manufacture IEEE/ANSI standard transformers from 480V to 220KV,10KVA to 120MVA."

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