On April 7, the list of the "1st Forbes China Top 100 Startups with Investment Value Series Selection" was released. Zhejiang Hanwei Technology Co., Ltd. (hereinafter referred to as "VASTECH Technology") was selected for the list for its innovative technological breakthroughs in the field of new energy storage and the commercialization potential of its products.

The inaugural Forbes China Top 100 Startups with Investment Value selection is jointly launched by Forbes China and Westden. It focuses on cutting-edge sectors including new energy, intelligent manufacturing, dual-carbon environmental protection, aerospace and others. The selection conducts comprehensive evaluation from dimensions such as revenue growth, financing capacity, R&D investment and intellectual property rights, to identify Chinese sci-tech enterprises with the greatest growth potential. With original technologies and commercialization capabilities, these enterprises demonstrate the "Chinese solution" for industrial upgrading.

At present, China’s innovation breakthroughs in artificial intelligence, quantum computing, new energy and other fields are advancing the implementation of the strategy of "achieving greater self-reliance and strength in science and technology". China’s sci-tech innovation force is emerging in global competition and has become a vital engine driving scientific and technological development.

Since its establishment, VASTECH Technology has been deeply engaged in the field of aqueous energy storage, committed to developing innovative integrated energy storage solutions that are safer, more efficient and lower-cost. The company continues to increase investment in technological innovation and research and development. By optimizing product design and improving production processes, it has significantly reduced overall costs and promoted the simultaneous upgrading of the performance and industrial value of energy storage products. Meanwhile, the company actively builds an industrial ecosystem and has established in-depth strategic cooperation with many central and state-owned enterprises as well as leading listed companies in the industry to accelerate technology implementation and market expansion.

In terms of industrial application, VASTECH Technology has realized large-scale product development for multiple application scenarios including power peak shaving and frequency regulation, industrial and commercial energy storage, and confined-space energy storage, and successfully advanced the implementation of multiple commercial projects ranging from hundreds of kilowatts to several megawatts.

In the future, VASTECH Technology will keep forging ahead, consolidate its foundation, adhere to customer demand orientation, base itself on customers' energy storage requirements, further deepen industry-university-research cooperation, build a global open innovation ecosystem network, and create more benchmark demonstration cases for the high-quality development of the new energy storage market.