Recently, Tan Wen, President of Pylon Technologies Co., Ltd. (Pylontech), took an interview with Xinmin Evening News, telling the company's rags-to-riches story to becoming the leading energy storage system provider with dedication.

Established in 2009, Pylontech delivered its first energy storage system in 2013, officially embarking on the green journey in the global energy transformation. The past 10 years of reliable delivery have witnessed its rapid development. Up to now, the company has delivered more than 1,000,000 sets of energy storage systems worldwide, which demonstrates its leading technological advantages.

A sustained high proportion of R&D investment guarantees Pylontech’s outstanding technological advantages in cell development and manufacturing. Whether in its initial stage or after the listing, Pylontech has always invested "considerably" in R&D. In 2022, the company's investment in scientific research accounts for nearly 7%, staying far ahead in the industry.

"When the company's annual revenue hits 100 million yuan, we spend 20 to 30 million yuan on R&D." Tan said frankly that even with the rapid growth of the company's sales, its R&D investment ratio has remained at a high level, with an annual increase by more than 100% year on year. "It has become a long-standing practice to invest 300 to 400 million yuan each year in upgrading new products and reserving cutting-edge technologies."

Pylontech always believes that only by taking the lead in new technologies and constantly solving the pain points of the industry can it drive the industry to continue growing. Recently, the company has obtained the world's first TÜV Rheinland sodium ion battery certificate, assuming its responsibility as a global energy storage "pathfinder".

"Pylontech has always been committed to helping develop the industry by utilizing advanced technology. In the future, we will continue to dedicate ourselves to technology innovation, bringing safer and more reliable options for customers, so as to promote the green transformation of global energy and create a more low-carbon and sustainable future," said Tan.

About Xinmin Evening News

Xinmin Evening News is a Chinese daily newspaper in Shanghai, China. It was started in the year 1929 and is owned by Wenhui-xinmin United Press Group. Xinmin Evening News is widely circulated with a circulation of 1,700,000 copies in China.