Zhejiang Chaowei Power Co., Ltd.

Company Overview Chaowei Power Co., Ltd. (Briefly named "Chilwee" hereinafter) was established in 1998, and headquarter is located in Changxing County, Zhejiang Province, China. Chilwee is the industry&＃39;s leading company who are engaged in researching & developing, manufacturing and sales of new energy motive power batteries and energy storage solutions. Chilwee was listed on the main Board of The Stock Exchange of Hong Kong in July 2010, and is now one of the 500 largest enterprises in China. Chilwee is also a National Key High-Tech Enterprise, and we have been successfully awarded as the "Top 50 Comprehensive Competitiveness in Private Enterprises in China" and ranked No.1. Chilwee has 18 Subsidiaries in 7 Provinces in China, including 9 of these companies are National High-Tech Enterprises. The number of staff is over 22000 up to date. Chilwee has invested a huge number of fund on technology innovation, production equipment innovation, environmental protection equipment innovation, and Chilwee was one of the first batch of battery manufacturers who had been passed the national environmental protection inspection in 2011. Products & Technologies The product portfolio of Chilwee covers motive power batteries and energy storage batteries including electric bicycle/tricycle batteries, electric vehicles batteries and solar/wind power energy storage batteries with the technologies of Valve Regulated Lead Acid (VRLA) Gel type and Lithium Ion Type. Chilwee is also developing Automobile Start-Stop batteries through the cooperation with the industry-leading company, Moll Batteries, Germany. Additionally, Chilwee is also developing many new technologies, i.e. super capacitor, lead carbon batteries, etc. Market Performance In recent years, Chilwee has been keeping a rapid growth. In 2013, the total sale revenue has broken through 50 Billion CNY, and the annual rate of growth has reached 48.5%. Now Chilwee is the largest company in battery industry in China, and is No. 4 in the World. Chilwee&＃39;s products have already been distributed all over China and have also exported to overseas markets including Asia, Europe, Latin America, Africa, etc. Research & Development Capability Innovation is always the genes of Chilwee Culture. Chilwee has established National Post-Doctor Scientific Research Workstation, National Key Laboratory, Provincial Key Enterprise Research Institute, and Provincial High & New Technology Development Center, and Chilwee also strengthen the development progress of another three National Scientific Research institutions, i.e. National Enterprise Technology Center, National Enterprise Key Laboratory, and Environment Protection Engineering Technology Research Center. Currently, Chilwee scientific research institutions have already had 1850 sets advanced equipment and devices including XRD Diffractometer, Scanning Electron Microscope, Direct Reading Spectrometer, and Laser Particle Analyzer, etc. Till 2014, Chilwee possesses 678 authorized patents, including 49 invention patents, 475 utility patents and 154 appearance patents, and 2 of them have been awarded as "National Patent Excellent Medal". HonorIn 2005, Chilwee has been awarded as "China Top 100 Potential Enterprises" by Forbes;In 2009, the leader of China&＃39;s Battery Industry in the world&＃39;s environmental and new energy industry;In 2009, top 100 China&＃39;s influence in the world&＃39;s environmental and new energy industry;In 2010, UN International Green Environment Protection Award; In 2012, Chilwee has been awarded as "Global Leader in Battery Industry Award", "Excellent Innovation Award", and "Excellent in Growth Award" by Frost & Sullivan, an international recognized rating agency; In 2012, Top 50 in China&＃39;s Private Enterprises, and ranked No.1;In 2013, Top 500 in China&＃39;s Enterprises, and ranked No. 300;