1994, Westinghouse Electric Company sold the power transmission and distribution and control department to Eaton Company.
1997, Westinghouse Electric Company sold its non-nuclear motor division to Siemens. 1999, Westinghouse Electric Company sold its nuclear energy division to British Nuclear Resources Limited.
In 2006, Toshiba acquired 77% equity of Westinghouse Electric Company from British Nuclear Fuel Co., Ltd. for US$ 465.438+0.8 billion, ShawGroup of the United States will invest US$ 654.38+0.8 billion to acquire 20% equity of Westinghouse Electric Company, and Ishikawa Island Broadcasting and Grinding Heavy Industry of Japan will acquire 3% equity for US$ 654.38+0.62 billion. Shortly thereafter, China and the United States signed the Memorandum of Understanding on Nuclear Power Technology Transfer in Beijing on June 5438+February, 2006, and China introduced Westinghouse's nuclear power technology to build four nuclear power units. In July 2007, China Nuclear Power Technology Co., Ltd. signed an $8 billion contract with Westinghouse Electric Consortium headed by Toshiba in the Great Hall of the People.