Young Energy Was Awarded National “Specialized, Specialized, New” Little Giant Enterprise

Recently, the Ministry of Industry and Information Technology of the People’s Republic of China announced the list of the fourth batch of national specialized, sophisticated, distinctive, and innovative “Little Giant” enterprises that are recommended to be supported. Zhejiang Young Energy Technology Co., Ltd (Young Energy) was successfully selected for the national “Little Giant” enterprise.

“Specialized, Special, New” Little Giant Enterprise is a leader in specialized, special new enterprise, is a pioneer enterprise focusing on market segmentation, strong innovation ability, high market share, mastering key core technologies, and excellent quality and efficiency.

According to the data, the average R&D expenditure on research and development of specialized, sophisticated, distinctive, and innovative “little giant” enterprises take more than 7% of their business income, the average R&D staff accounts for 25% of all employees, and the average number of effective patents is more than 50. These promising enterprises play a prominent role in tackling areas of weakness, stepping up efforts to improve advantageous areas, and accumulating strength.

This award is the recognition and affirmation by the Ministry of Industry and Information Technology for the independent R&D, innovation, and comprehensive strength of Young Energy, which has been focusing on the field of EVs and medical charging solutions for many years. Young Energy is the global leader in EV charger manufacturing. Excellent performance indicators and advanced technologies make our products attractive to domestic and foreign customers.

In the future, Young Energy will continue to increase R&D investment, strengthen independent innovation and manufacturing,  and enhance the company’s core competitiveness to become an advanced charging technology product and solution provider.