
Chaowei Group
Power and energy storage battery solutions provider.
Date | Investors | Amount | Round |
---|---|---|---|
$3.1m | Angel | ||
Total Funding | 000k |
Chaowei Group, also known as Chilwee, is a manufacturer of power and energy storage batteries, founded in 1998. The company is headquartered in Changxing County, Zhejiang Province, China, and its holding company, Chaowei Power Holdings Limited, was listed on the Hong Kong Main Board on July 7, 2010.
The group's principal activities involve the manufacturing and sales of lead-acid motive batteries and lithium-ion batteries. These products are primarily used in electric bicycles, electric tricycles, and special-purpose electric vehicles. The company's product portfolio also extends to energy storage solutions for solar and wind power, as well as batteries for motorcycles and forklifts. Chaowei serves both the primary market, supplying original batteries to major electric bike manufacturers in China, and the secondary market, through an extensive distribution network across all provinces and regions of the country. Revenue is generated from the sale of these battery products to its customers.
Chaowei has established multiple production bases in key Chinese provinces like Zhejiang, Shandong, Jiangsu, and Henan to be close to regions with high demand. The company emphasizes technological innovation, operating provincial-level high-tech R&D centers and post-doctoral scientific research workstations. By the end of 2013, the company achieved total cadmium-free production. Its products are sold under the "CHILWEE" brand. The group has grown significantly, ranking among the "Top 500 Chinese Enterprises" and employing over 20,000 people across its subsidiaries.
Keywords: lead-acid batteries, lithium-ion batteries, motive power, energy storage solutions, electric vehicles, electric bicycles, new energy, battery manufacturing, VRLA batteries, renewable energy storage, power supply, automotive batteries, industrial batteries, solar energy storage, wind energy storage, e-bike batteries, EV batteries, battery technology, green energy, circular economy