Wuxi Lead Intelligent Equipment Co is the world's largest producer of lithium batteries. [Photo/wxrb.com]
Wuxi Lead Intelligent Equipment Co, a lithium battery intelligent equipment manufacturer based in the Wuxi National Hi-tech District, is prospering despite the COVID-19 epidemic.
In the first quarter of the year, the company achieved revenue of nearly 3 billion yuan ($445.45 million), a year-on-year increase of 142 percent. It has also received 20 billion yuan in orders.
With over 20 years of development in WND, the company occupies the largest market share of lithium battery intelligent equipment in the world. It is involved in lithium battery intelligent equipment, photovoltaic intelligent equipment, 3C intelligent equipment, intelligent logistics system, automobile intelligent production line, hydrogen energy intelligent equipment, laser precision machining, and machine vision.
The company values technological research and development and product quality. It spends over 10 percent of its annual sales on research and development, and the proportion has now reached 15 percent, or over 1 billion yuan. The company has built three provincial R&D and innovation platforms, owns more than 1,600 authorized patents, and develops over 60 new products annually.
Its self-developed intelligent warehousing and logistics system can not only improve production efficiency, but also make its warehouses easy to manage with low labor costs.
In light of the COVID-19 epidemic, the company has been taking strict prevention and control measures to ensure the safety of its employees. The local government also works to guarantee raw material supplies for the company.
The company is serious about technological research and development. [Photo/wxrb.com]