Recently, CCTV News launched its special report titled Advancing the High-quality Development of the Industry of New Energy Vehicles with Multiple Measures, where VREMT’s factory and its comprehensive energy demonstration station of wind, light, loading, storage and charging were covered. As one of the representatives of the new energy vehicle power batteries, electric drive system, charging system, and fundamental storage and charging facilities of domestic new energy vehicles (NEVs), VREMT drew extensive attention with its innovative practices in the field.
NEVs are increasingly growing into a pillar of China’s economic development. In 2022, China’s NEVs achieved an output of 7,058,000, among which 6,887,000 were sold, accounting for 64.66% of the whole sales around the world. A further higher rate is expected to be realized in the future. In addition, CPCA data shows that the penetration rate of China’s new energy passenger vehicles reached 27.6% in 2022, and will hit 36.6% in 2023 as expected. Facing the unprecedented changes in a century, upstream enterprises in the industrial chain witness more prominence of their edge in value as the penetration rate goes higher year by year.
VREMT has taken the opportunity to grow rapidly in the last decade when China developed its NEV industry at a fast pace. Since its founding in 2013, the company has been committed to the fields of new energy vehicle power batteries, electric drive system and charging system unswervingly and made continuous efforts to innovate and upgrade its core technologies.
As a result, VREMT realized independent research and production of battery, electric drive system, and battery management system (BMS) based on sustainable experience architecture (SEA). It also has set foot in battery-related fields for more than ten years and can satisfy the requirements of diverse vehicle models with a wide range of batteries for hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), electric vehicles (EVs), etc. Moreover, the company can fulfill the requirements of various functions of vehicles with its industry-leading SiC and disconnect technologies.
VREMT ranked in the top ten on several capacity lists of pack system, electric drive system and BMS released in recent days, with a year-on-year growth rate over the market index. And it harvested a business revenue of nearly RMB 15 billion in 2022, and aims for exceeding RMB 30 billion in 2023.
Behind the Technological Breakthroughs and Rapid Revenue Growth is VREMT Corporation's Strong Investment in Research and Development. Currently, VREMT Corporation possesses three major R&D & production bases, bringing together over 3500 cutting-edge talents. With more than 1150 core technology patents, it has taken the lead in achieving full-stack independent research of the core technology for new energy vehicle power batteries, electric drive system, charging system. VREMT has not only participated in and witnessed the most crucial decade of China's new energy vehicle development but also provided robust technological support for the advancement of national brands.
The special report also points out that China will accelerate the construction of charging infrastructure. This move serves not only to drive the high-quality development of the new energy vehicle industry but also as an essential pathway toward achieving the “Carbon Peak” & “Carbon Neutrality“ goals. Over the past decade, VREMT, in addition to its continuous focus on the three core electric systems, has expanded from cutting-edge battery technology to energy storage technology, offering a comprehensive one-stop solution for software and hardware integrated energy services across the entire industry chain
In the field of charging, VREMT offers a comprehensive range of charging replenishment services including alternating current (AC) charging, direct current (DC) charging, and supercharging. The company has also developed the world's first mass-produced charging station with the highest power output – the 600 kW Super Charger. This product can achieve a maximum range of 300 kilometers with just 5 minutes of charging.
In terms of energy storage, VREMT creates the cutting-edge security system involving four-in-one safety design of "predict, prevent, resist and improve" to optimize security control. It also self-developed and established a comprehensive energy demonstration station of wind, light, loading, storage and charging, through which, it won the award of the Best Annual Energy Storage Demonstration Project on the 9th Global Solar + Energy Storage Conference & Expo, and set a superior technological example for the industry.
On the occasion of its tenth anniversary, VREMT's re-appearance on CCTV News not only showcases the company's steadfast commitment to national policies but also its continuous dedication to cutting-edge technologies. In the future, VREMT will uphold its corporate vision of 'cleaner energy, healthier world,' intensifying innovative practices in the new energy vehicle's three core electric systems and energy storage and charging sectors. This commitment will drive the high-quality development of the new energy vehicle industry.