On August 12, the annual list of China’s 50 Most Innovative Companies was published by Forbes China, the Chinese-language edition of Forbes.

SVOLT Energy Technology Co., Ltd., headquartered in the Jintan district of Changzhou, made the cut on this year’s list. As a global high-tech company and spin-off of the Chinese automobile manufacturer Great Wall Motors, SVOLT develops and produces lithium-ion batteries and battery systems for electric vehicles and energy storage.

The list highlights innovative business approaches in 14 fields: new energy, software services, semiconductor, AI services, and hardware. The list was compiled in cooperation with Beijing-headquartered data firm Analysis.