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What is the relationship between Schneider Baoguang and Schneider?

Jointly formed Schneider Baoguang.

According to the inquiry of Schneider Baoguang official website, Schneider (Shaanxi) Baoguang Electric Appliance Co., Ltd. (hereinafter referred to as Schneider Baoguang) is a company jointly invested by Schneider Electric (China) Co., Ltd. and Shaanxi Baoguang Group Co., Ltd., specializing in the production of medium and high voltage vacuum circuit breakers.