CHINT Electric
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 | |
| Co., Ltd. | |
| ISIN | 🆔 |
| Founded 📆 | 1984 |
| Founder 👔 | Nan Cunhui |
| Headquarters 🏙️ | Wenzhou, Zhejiang Province, China |
Area served 🗺️ | |
| Products 📟 | Electrical products, power production and transmission |
| Revenue🤑 | $5.1 billion (USD) 2020 |
| Members | |
Number of employees | 32000 |
| 🌐 Website | chintglobal.com |
| 📇 Address | |
| 📞 telephone | |
CHINT is a Chinese electrical company mainly known for selling electrical components including batteries, circuit breakers, contactors, frequency converters and other low-voltage electrical equipment.[1][2][3][4] The company also manufactures photovoltaic components and invests in solar power production and transmission.[5][not in citation given][6][7][8][9][10]
History[edit]
Chint Electric was founded in 1984 in Liushi, Yueqing in the Zhejiang province of China.[11][12][13][14] In its early years, the company mainly produced low-voltage electrical products.[15]
In 2006, Chint started investing in photovoltaic energy.[16] The company started producing photovoltaic equipment and setting up photovoltaic power stations.[17][18][19][20][21][22][23] As of 2020, it owned 5.485 GW of domestic photovoltaic power plants.[24]
During 2006, Chint sued Schneider Electric in the Intermediate People's Court in Wenzhou, claiming that the French company's Chinese subsidiary had infringed on Chint's patents.[25] In 2007, the lower court ordered Schneider to pay 335 million yuan as compensation.[26] The dispute was settled after Schneider agreed to pay 157.5 million yuan ($23.05 million USD) in damages.[27][28]
In 2010, CHINT was listed on the Shanghai Stock Exchange.[29][30]
References[edit]
- ↑ "Zhejiang Chint Electrics". Forbes. Retrieved 2022-02-22.
- ↑ "Wenzhou's Yueqing: China's 'electrical town' powers low-carbon growth". news.cgtn.com. Retrieved 2022-02-22.
- ↑ "Chint Electric Co Ltd - Company Profile and News". Bloomberg.com. Retrieved 2022-09-17.
- ↑ "601877.CN | Zhejiang Chint Electrics Co. Ltd. Company Profile & Executives - WSJ". www.wsj.com. Retrieved 2022-09-17.
- ↑ "IFC and China's Chint Group Commit to Bringing Sustainable Power to Emerging Markets". IFC. Retrieved 2022-09-17.
- ↑ "More (solar) power to the people of Limpopo". The Mail & Guardian. 2012-11-28. Retrieved 2022-09-17.
- ↑ "中国个股：正泰电器拟收购大股东94亿元光伏资产，并募集45亿配套资金". Reuters. 2015-11-10. Retrieved 2022-09-17.
- ↑ 管理员. "Chint Group eyeing overseas expansion". govt.chinadaily.com.cn. Retrieved 2022-02-22.
- ↑ "Economic development of Chinese private enterprises". news.cgtn.com. Retrieved 2022-02-22.
- ↑ Bungane, Babalwa (2018-05-08). "AfDB debars CHINT Electric for 36 months for fraudulent practices". ESI-Africa.com. Retrieved 2022-09-17.
- ↑ "Chint an eager new energy investor in Egypt". www.ezhejiang.gov.cn. Retrieved 2022-09-17.
- ↑ "正泰电器成为温州首家市值超千亿元上市公司". www.wenzhou.gov.cn. Retrieved 2022-09-17.
- ↑ "正泰集团股份有限公司". www.yueqing.gov.cn. Retrieved 2022-09-17.
- ↑ "Zhejiang Chint Electrics Co Ltd, 601877:SHH profile - FT.com". markets.ft.com. Retrieved 2022-09-17.
- ↑ "China's 'electrical town' powers low-carbon growth". english.www.gov.cn. Retrieved 2022-09-17.
- ↑ "Story of CHINT Group in Transformation". www.ezhejiang.gov.cn. Retrieved 2022-02-22.
- ↑ Frangoul, Anmar. "Saudi and Chinese businesses join forces on Egyptian solar projects". CNBC. Retrieved 2022-09-17.
- ↑ "FDD | All Over the Map". FDD. 2021-11-15. Retrieved 2022-02-22.
- ↑ am, Geoffrey Lutta on 26 January 2022-11:16. "China Launches Multi-Billion Power Company in Kenya". Kenyans.co.ke. Retrieved 2022-02-22.
- ↑ "Egenco signs contract with Chinese electrical company to construct 10 megawatts solar power in Salima – Malawi Nyasa Times – News from Malawi about Malawi". www.nyasatimes.com. 2021-11-01. Retrieved 2022-02-22.
- ↑ "MALAWI: EGENCO chooses Chint to build Salima solar power plant". Afrik 21. 2021-11-08. Retrieved 2022-02-22.
- ↑ "CHINT Electric Officially Launches in Nigeria". Businessday NG. 2021-12-14. Retrieved 2022-02-22.
- ↑ "CHINT to empower Nigerians through innovative electrical solutions". Vanguard News. 2021-12-14. Retrieved 2022-02-22.
- ↑ "CHINT Group". www.ezhejiang.gov.cn. Retrieved 2022-09-17.
- ↑ "Schneider settles Chint case for 150m yuan". South China Morning Post. 16 April 2009. Retrieved 2022-09-17.
- ↑ "CHINT v. SCHNEIDER on Patent Infringement --- China Intellectual Property". www.chinaipmagazine.com. Retrieved 2022-09-17.
- ↑ "Schneider settles 3-yr Chint patent suit -Xinhua". Reuters. 2009-04-15. Retrieved 2022-09-17.
- ↑ "The Chint V. Schneider Settlement: 157 Million Reasons to Believe Chinese Patent Holder's Rights Have Muscle | Newsletters | Foley & Lardner LLP". www.foley.com. Retrieved 2022-02-22.
- ↑ Group, Chint. "Chint Electric presents IPO on Shanghai Stock Exchange". www.prnewswire.com. Retrieved 2022-09-17.
- ↑ "Chint: Complete Manufacturer Overview | LED Controls Blog". www.ledcontrols.co.uk. Retrieved 2022-09-17.
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