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China Xidian announced that its 12 subsidiaries won a bid for State Grid Corporation's 2025 eighth procurement (transmission and transformation equipment) with a total value of 1.443 billion yuan.
The State Council approved the combination of China Xidian Group, Xuji Group, Pinggao Group and Shaanxi Baoguang Vacuum Electronic Apparatus to establish a new central government-owned enterprise, China Power Equipment Group. The new company will be registered in Xiong'an and headquartered in Shanghai.