Chongqing Machinery & Electric Co., Ltd. is engaged in designing, manufacturing and sales of commercial vehicle parts and components, power equipment, general machinery and CNC machine tools. It operates in seven segments: engines, gear boxes, hydroelectric generation equipment, electrical wires and cables, general machinery, machinery tools and high-voltage transformers. Its subsidiaries include Holroyd Precision Limited, Precision Components Limited, PTG Heavy Industries Limited, Milnrow Investments Limited, PTG Advanced Developments Limited, PTG Deutschland Gmb H, Chongqing ABB Power Transformer Co. Ltd., Chongqing Pigeon Electric Wires & Cables Co., Ltd., Chongqing Cummins Engine Co., Ltd., Chongqing Machine Tool (Group) Co., Ltd. and Qijiang Gear Transmission Co.,Ltd. As of December 2010, the Company implemented a total of 108 key new product projects with a completion rate at 98.1%, among which 27 were recognized as new products of Chongqing City during 2010.