Recently, the "2024 Zhejiang Province Entrepreneurship Day," hosted by the Zhejiang Provincial Federation of Industrial Economy, the Zhejiang Provincial Enterprise Confederation, and the Zhejiang Provincial Entrepreneurs Association, was held in Hangzhou. At the conference, the highly anticipated list of the "Zhejiang Province Industrial Awards" was unveiled, and Wanxiang Qianchao Co., Ltd. was honored with the "Zhejiang Province Industrial Award."

The “Zhejiang Province Industrial Award” is presented to entities that represent the highest level of industrial development in Zhejiang Province. These entities have achieved outstanding results in areas such as independent innovation, transformation and upgrading, product quality, and social responsibility. They adhere to the new development philosophy, foster a new development pattern, and follow a new path of industrialization with Chinese characteristics. They lead the direction, path, and spirit of developing new-quality productive forces in our province’s industry, making significant contributions to promoting the development of Zhejiang Province’s national economy and the construction of an ecological civilization.

Wanxiang Qianchao is deeply committed to the field of scientific research, consistently at the forefront of innovation and R&D, driving breakthroughs in critical core technologies and continuously translating scientific and technological innovations into practical applications. The company continually increases its R&D investment to enhance product quality and core competitiveness; the total amount of R&D funds, the intensity of R&D investment, and the number and proportion of personnel engaged in research and experimental development have all grown year by year. Upholding innovation-driven development, Wanxiang Qianchao focuses its efforts on tackling key products such as intelligent chassis and bottleneck-bearing components. A number of core technologies with independent intellectual property rights have filled gaps in both domestic and international industries, and the company has spearheaded and participated in the formulation of international and national standards.

The company is comprehensively promoting digital and intelligent engineering centered around digitization, intelligence, and automation. It is facilitating data integration across the upstream and downstream segments of the industrial chain and supply chain, thereby driving industrial transformation and upgrading. By building an enterprise industrial internet platform based on advanced technologies such as the Internet of Things, cloud computing, big data, artificial intelligence, and 5G, the company is achieving deep integration between information technology and industrialization. This has elevated the sophistication, intelligence, and greenness of smart manufacturing, and has fostered a digitally-driven industrial chain collaboration ecosystem and a smart service system that are both industry-leading and highly influential, with significant potential for wider adoption.

The company adheres to the philosophy of “strengthening enterprises through standards and boosting the industry,” consistently prioritizing quality first and efficiency above all else. It is committed to solidifying the foundation of quality and expanding the effectiveness of standardization. The company continues to develop a uniquely distinctive Wanxiang Qianchao quality management system, ensuring that this system guides business processes at all levels. Currently, the system has been implemented in approximately 30 factories within Wanxiang Qianchao and among 300 key suppliers. Additionally, the company has independently developed a digital system audit platform to continuously monitor, evaluate, and improve the compliance of organizational quality systems and procedures, as well as to track rectification efforts in real time.

Guided by its mission of “Making Air Fresher,” the company actively embraces a green and low-carbon development philosophy. It has incorporated green sustainability into its corporate strategy and listed the “dual-carbon” strategy as a key innovation initiative in its annual work plan. The company promotes green procurement and a green supply chain, giving priority to suppliers who use environmentally friendly materials and renewable resources, as well as those offering goods, products, and services with green certifications. In 2019, Wanxiang Zhizao was recognized as a national-level green factory; in 2022, Wanxiang Qianchao received the Zhejiang Province Green Factory designation; and in 2023, Wanxiang Jinggong was also awarded the Zhejiang Province Green Factory certification.

Wanxiang Qianchao will continue to carry forward the industrial spirit—being self-reliant, striving for strength, and pioneering innovation—while accelerating the upgrading of its industries, thus contributing to the establishment of a new development pattern and promoting high-quality development of the industrial economy.