01 Financial Data Overview

02 China's leading solution provider for industrial automation and new energy electric vehicle motor controller

V&T Company is certificated as a National Hi-tech enterprise and software enterprise, which has fully intellectual property rights and devotes to the R&D, manufacture, sales and technical service of Medium-low voltage Frequency Converter, Servo Drive, Electric Vehicle Motor Controller, Inverter, Integrated Elevator Controller, etc.

New Energy Electric Vehicle Motor Controller Business Part

Percentage of Total Revenue  69.22%           Compare with Same Time Last Year 57.42%

The company provides leading electric control system solutions for battery electric vehicles, hybrid electric vehicles and fuel cell vehicles. The products mainly involve main motor controller, auxiliary motor controller and all-in-one integrated electrical controller. The product power range from 1kW to 355KW. V&T company is the first new energy electric vehicle controller solution provider in China to develop, manufacture and sell "all-in-one integrated electrical controller ".

The company's products are leading the industry in terms of electric vehicle enterprise coverage, vehicle type coverage and market share. It has reached stable cooperative relations with many famous enterprises such as SANY, XCMG, CAMC, SHAANXI HEAVY DUTY AUTOMOBILE, KING LONG, HIGER BUS, ANKAI, ZOOMLION, FAST, TOP GEAR, LVKON, BIT Huachuang, and so on. It has sold more than 600,000 sets in the field of new energy buses, heavy trucks, logistics vehicles and special vehicles, and has become a leading brand of motor controller solutions for new energy commercial vehicles in China and continues to lead the development of the industry.

The application of V&T controllers on the roof of the world, and 5000-meters plateau has verified the reliability of the products

V&T high-power electric vehicle motor controller has successfully applied to the roof of the world in batches. Qinghai and Tibet Plateau mining truck have witnessed excellent quality of V&T controllers.

In Qinghai, Tibet and other mining areas with an average altitude of about 5000 meters, the traditional oil-fired mining truck are transported from the top of the mountain to the foot of the mountain. Due to high altitude and low air pressure, the engine intake will be reduced, and the fuel will not be fully burned, which will lead to the decline of vehicle power, high fuel consumption and environmental pollution.

The 90T battery electric mining truck is equipped with a V&T electric vehicle controller, which has the characteristics of energy saving and environmental protection, and solves this problem well. The mining truck runs intelligently according to the requirements of working conditions. The automatic control motor controller drives one single motor or two motors, which can solve the problem of insufficient vehicle power and high fuel transportation cost in the high altitude and low oxygen environment of the mining area.

The operation and use of the products in extreme harsh environments such as high altitude and steep slopes on plateau reflect the high reliability of the motor controllers, as well as Chinese scientific and technological progress and the spirit of continuous development.

We use practical actions to install a new engine for the development of the mining industry, and contribute to the realization of green, safe and efficient mining and transportation !

V&T works with Suzhou KING LONG to provide transportation support for the Beijing 2022 Olympic and Paralympic Winter Games

During the Beijing 2022 Winter Olympic Games and the winter Paralympic Games, nearly 500 Suzhou KING LONG buses (battery electric and hydrogen fuel vehicles types) equipped with V&T motor controllers provided strong transportation support for wonderful holding games under high quality and zero failure. These made positive contributions to the brand image of China new energy electric vehicles and Made-in-China.

V&T Electric Vehicle Motor Controllers have been approved by a famous European automobile enterprise and have begun to be supplied in batches.

Europe has strict requirements for electric vehicle parts, especially for foreign brands entering the local market. This European automobile manufacturing company had conducted a comprehensive research visit on the Chinese electric vehicle market, including strict factory review, technical exchange and product performance and functions test, and decided to entrust the motor controller supporting its new energy vehicle project to V&T for R&D and manufacturing. Several EV controllers were randomly selected and sent to a number of third-party professional laboratories in Europe for testing, and all performance indicators were fully verified.

Complete 500 cycles of high-intensity strict tests continuously. The excellent performance of V&T motor controller in the test are widely praised by customers.

Industrial Automation Business Part

The company's AC Drives include frequency converters and servo drives. The core team of the company has more than 20 years of R&D and production experience in the field of industrial automation control, with deep theoretical foundation and rich practical experience.

V5 and V6 series products have become domestic technology benchmark products since their debut, with advanced vector algorithm, reliable performance and excellent quality, also has been verified by the market.

Through continuous innovation, improvement and technical iteration, the V9 and VTS series launched by the company are also widely praised.

The company's AC drives series include V9, VTS, V5, V6, E5, etc. The voltage levels are 3AC200V, 3AC400V, 4AC690V, and the power range from 0.4kW to 3000kW. It is applicable to control synchronous motor and asynchronous motor, realizing speed control, torque control or position control with or without encoder, multiple control modes and functions meeting the various application requirements of high, medium and low end markets.

With a total sale of more than several millions sets, V&T AC Drives have been widely used in many industries such as crane, mining, metallurgy, petroleum, chemical industry, elevators, machine tools, electric vehicles, printing machines, metal processing, construction industry, ceramics, plastics, air compressors, air conditioners, municipal engineering, textiles, etc.

03 Company R&D Strength and Results

The founding team has more than 20 years of software development, hardware development and management experience in the field of electric electronics. With 100% independent intellectual property rights, the software code, hardware topology and product modeling design are all independently developed and designed.

The whole series of products adopt platform development

The company has mastered the core technology of motor controller for new energy vehicles, and our products are compatible with all mainstream gearbox brands in the market. With its excellent software performance, V&T controller has passed the application tests of various types commercial vehicle in the market.

The company has two R&D centers in Shenzhen and Wuxi. V&T is also research center of Guangdong new energy vehicle drive and control engineering technology, postdoctoral innovation practice base, and joint innovation laboratory of BYD semiconductor.

Patents: 101

Participate in Making Standards:11

Software Copyrights: 51,

Software Registration Certificates:18

04 Industrial Chain Layout

Invest in BASiC Semiconductor and lay out third-generation silicon carbide

During the reporting period, the company strategically invested in the Shenzhen BASiC Semiconductor LTD., a third generation semiconductor silicon carbide power device enterprises in China.

The basic semiconductor plans to use the funds to further promote the R&D progress of silicon carbide power devices and the construction of manufacturing bases, and focus on strengthening the market expansion in the field of new energy vehicles and photovoltaic power generation.

V&T company has laid out basic semiconductors in advance, which will further strengthen the upstream and downstream linkage and help the company maintain a sustainable market leading edge in the field of new energy vehicle electronic control business.

05 Honors and Certifications

Top 10 China frequency Inverter Enterprise, National High-tech Enterprise, Key Enterprise of Strategic Emerging Industries in Guangdong Province, Direct-service Enterprise and Large Enterprise of Shenzhen Municipal People's Government, Technology center of Shenzhen Enterprise, Leading Enterprises in Nanshan District and Top 100 Tax Paying Enterprises in Shenzhen.

V&T has passed IATF16949, ISO9001, ISO14001, ISO45001, GB / T28001 and other quality management certifications, and also obtained CE, SGS certificates.