On August 13, the Shaoxing Good Project 2024 SME Innovation and Entrepreneurship Competition with the theme of "Entrepreneurship across the State · Outsmarting the Future" came to a successful end. After intense competition, Zhejiang Vastech Technology won the third prize for its innovative project "Intrinsically Safe high-power Energy storage Solution".

Since its inception, the competition has attracted more than 300 entries. After several rounds of rigorous screening, 20 projects finally stood out and entered the final. The participating projects of Zhejiang Vastech Technology stand out among many excellent projects, and have won high evaluation and recognition from expert judges for their unique technological innovation and excellent market application prospects.

The participating projects of Zhejiang Vastech Technology focus on the inherently safe high-power energy storage field, and develop a series of products using unique electrolyte technology, with non-combustible and non-explosive characteristics, achieving a double breakthrough in safety and environmental protection. At the same time, the product supports high rate charge and discharge and has a long service life, fully demonstrating its great potential in market applications.

Winning the third prize in the competition is not only a high affirmation of Zhejiang Vastech Technology in product technology innovation, but also lays a solid foundation for the further development of the company in the industry. The company will continue to uphold the concept of "accelerating the era of energy security and inclusive benefits", give full play to its platform advantages, and continue to develop more innovative products to contribute to the sustainable development of the energy industry.