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In November 1996, People Electric Zhejiang Branch was established.
In June 1997, People Electric became a large cross-regional group.
In November 1998, People Electric carried out shareholding reform of more than 60
subordinate enterprises, and established seven major holding subsidiaries.
In April 1999, People Electric officially formally built its High-Tech Industrial Park,
which covers an area of 75 mu.
In November 1999, leaders of People Electric went to Shanghai for investigation and
established a subsidiary there in January 2000.
In May 2000, People Electric was awarded the title of Zhejiang Provincial High-tech
Enterprise.
In June 2001, People Electric successfully merged with Jiangxi Transformer
Equipment General Factory, the second largest state-owned enterprise in the domestic
power transmission and transformation equipment industry, and realized its expansion
into the power transmission and transformation equipment industry.
In August 2002, People Electric ranked 11th on the list of China's Top 500 Private
Enterprises released by the the All-China Federation of Industry and Commerce in
2001.
In January 2003, the People Electric Committee of the Communist Party of China was
established.
In August 2003, People Electric ranked 228th on the list of China's Top 500
Enterprises released in 2003.
In April 2004, People Electric Hebei Xingang International Logistics Co., Ltd. was
officially listed, which covers an area of 1,277 mu with a total investment of 5 billion
yuan.
In June 2004, the World Brand Congress 2004 and China's 500 Most Valuable Brands
Conference was held in Beijing, and People Electric was ranked 185th on the list with
a brand value of 3.239 billion yuan.
In July 2004, People Electric ranked 32nd on China's Top 500 Machinery Enterprises
List released in 2003.
In October 2004, People Electric became one of the first batch of enterprises that was
awarded the title of China's Outstanding Private Enterprises.
In January 2005, People Electric invested 800 million yuan to set up a high-voltage