Recently, Science Technology Department of Zhejiang Province issued the list of Innovation Type Leading Enterprises of Zhejiang Province (a total of nine enterprises) and Innovation Type Cultivation Leading Enterprises of Zhejiang Province in 2019 (a total of 80 enterprises), among which, Huayou Cobalt was listed in Innovation Type Leading Enterprises of Zhejiang Province in 2019. The subsidiary Huayou New Energy Technology (Quzhou) Co., Ltd. was listed in Innovation Type Cultivation Leading Enterprises of Zhejiang Province in 2019.
Being listed in Innovation Type Leading Enterprises is the very approval for innovation capability and development level of Huayou Cobalt. Huayou Cobalt shall take it as an opportunity to make more efforts and progress by investing more funds in research and development, striving to make core technological breakthrough and innovation, strengthening core enterprise competitiveness, and therefore grow stronger and larger enough to lead and drive the high-quality industry development of new energy Li-ion battery materials.
Innovation Type Leading Enterprises of Zhejiang Province aims to select key new high-tech enterprises equipped with strong innovation ability, powerful leading role, high research and development level and vast development potential. Moreover it aims to create over 100 innovation type leading enterprises well known worldwide and influential at home through five-year efforts by means of gathering resources, increasing support for research and development platform construction, major technological breakthrough application, high-end talents introduction and cultivation, as well as enhancing services for implementation of innovation policies, combination involving production, teaching and research and intellectual property management.
Build a team of science and technology with innovation spirit. Without innovation, there would no transformation and upgrading of Huayou, not to mention starting a new undertaking. Team of science and technology shoulders significant mission of innovation, therefore Huayou shall build an innovative team of science and technology on the premise that the company has increased investment in scientific research and improved scientific research facilities as well as perfecting incentive mechanism and scientific innovation system. Current science and technology system shall target the mainstream clients in the mainstream markets and the mainstream types of the mainstream products in terms of new products research and development, focus on energy conservation and emission reduction, security and environmental protection, quality cost and production line equipment in terms of technical skill research so as to provide technical support for leadership in product and leadership in cost. We shall build a team of science and technology that is able to lead the future of the company, support the development of the industry and with the first class level in the industry in a long term. (From the address of Chairman Chen Xuehua at the 2020 Work Conference of Huayou Cobalt)