Last year, the annual output value of China's electrical machinery and its systems exceeded 1 trillion yuan, and the energy efficiency levels of various types of energy-saving equipment continued to improve.

The Ministry of Industry and Information Technology held a press conference today and released the "Implementation Plan for High-Quality Development of Energy-Saving Equipment." The plan specifies that by 2028, breakthroughs will be made in key materials and components of energy-saving equipment, and the energy efficiency levels of motors, transformers, and other equipment will reach international leading levels. It is understood that currently, China has made significant advancements in the field of energy-saving motors, transformers, and other equipment in terms of technology and scale.