Shvabe Holding to Strengthen Cooperation with China

Shvabe Holding to Strengthen Cooperation with China

The Research Institute of Shvabe Holding and Shenzhen Kaifa Technology have signed a memorandum on manufacturing of smart electricity meters in Russia. 

Silk Road Chinese-Russian Innovation Park initiated this cooperation and will support technology exchange between the two countries. 

“This collaboration will boost the volume of modern electricity meters in the Russian market. First, the partner will adapt the technical solutions to Russian standards. Next, the smart electricity meters will be manufactured in our enterprise”, stated Evgeny Kuznetsov, the CEO of the Polyus Research Institute named after M.F. Stelmakh. 

Smart electricity meters have been in great demand since 2020 due to modernization of the Russian energy sector. Old electricity meters must now be replaced with new "smart" devices offering remote transfer of readings. 

Shenzhen Kaifa Technology is a manufacturing leader of electricity meters worldwide. Shvabe holding has developed a strong technical base to produce electricity meters in Russia.