SMT Scharf AG Advances Strategic Business Development with Planned Majority Stake in Xinsha, Joint Development of Light Electric Vehicles in China, and Suspension of Canadian Operations

SMT Scharf AG has announced several strategic initiatives aimed at expanding its presence in the field of electromobility and intelligent transport solutions for underground mining. The company has signed two non-binding memorandums of understanding with Chinese suppliers, Delta Industrial Intelligent Electric Vehicle Co., Ltd. and Shanxi Tiandi Coal Mining Machinery Equipment Co., Ltd., to jointly develop light electric vehicles (LEVs) for underground mining and tunnel logistics. SMT Scharf AG also plans to increase its stake in the joint venture Shandong Xinsha Equipment Monorail Co., Ltd. from 50% to 51%, renaming it SMT Scharf (China) Co., Ltd., to strengthen brand positioning and operational integration in the Chinese market. Additionally, the company is pursuing the European ATEX certification for its lithium battery-powered monorail product and is seeking strategic investors for the remaining 49% stake in Xinsha. These measures are intended to address evolving customer needs for emission reduction and efficiency in underground mining transport solutions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SMT Scharf AG published the original content used to generate this news brief on February 12, 2026, and is solely responsible for the information contained therein.