# Wetown Electric and ABB to form joint venture for low-voltage busway

Wetown Electric (威腾电气) announced it will form a joint venture with ABB to develop, produce and sell low-voltage busway products. The JV will have registered capital of CNY 80 million, with Wetown holding 51% and ABB 49%.

- Type: Partnership
- Announced: 2024-09-19
- Where: China
- Value: $11.3M (80.0M CNY)
- Status: announced
- Products: low-voltage busway products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Wetown Electric Group](https://endata.com/companies/56655.md)
- [ABB](https://endata.com/companies/1547.md) (partner)

## Sources

- [finance.sina.com.cn](https://finance.sina.com.cn/roll/2024-09-19/doc-incpsxxn8042753.shtml), 2024-09-19: "本次设立合资公司，经过长期审慎评估。"

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