Leading automobile manufacturer Zhuhai Yinlong New Energy placed 114th on the list of 2017 Global Top 500 New Energy Enterprises on Dec 12, moving up 31 spots from last year.
With a pioneering spirit and outstanding market performance, the company also garnered 2017's Global Top 500 New Energy Technology Innovation Enterprises Award.
The lists were released during the Belt & Road Initiative International Energy Summit & 7th Global Top 500 New Energy Enterprises Summit held at China's State-run People's Daily in Beijing.
China Energy News and the China Institute of Energy Economics Research, which are affiliated with People's Daily and supported by the National Energy Commission & National Energy Administration, joined with People.cn in sponsoring the summit and rankings.
Yinlong New Energy buses [Photo courtesy Zhuhai Daily]
Yinlong Energy is a large modern high-tech enterprise in the new-energy industry. Since its establishment in Jinwan District in 2009, Yinlong has been dedicated to the R&D of core technologies. A closed-loop industrial chain has been created from materials to batteries, electronic control, charging equipment, energy storage, and complete vehicle production.
According to statistics, Yinlong electric vehicles are serving many bus routes in cities countrywide and have become the first choice. Analysis shows that green-energy buses meet environmental protection needs required for sustainable development.
For example, a fleet of 10 electric buses produced by Yinlong New Energy went into operation along one of Beijing's busiest transit lines, Chang'an Avenue 1, on Oct 22. Another 80 have been ordered for that bus route.
This year's list registered 198 Chinese new-energy enterprises, up five from last year, accounts for 39.6 percent of the total, outnumbering other countries. Worth mentioning is that all the entries recorded sales revenue of 1 billion yuan ($151 million) or more, an indication of rapid growth in the new-energy industry globally.
Initiated in 2011, the selection has witnessed an increasing number of competitive businesses rising with relatively complete industrial chains. The burgeoning market was almost nonexistent just a decade ago.
