CHILWEE POWER HOLDINGS CO., LTD

Company Description

Setting the Pace for Environment-friendly TransportationEstablished in 1998 and headquartered in Changxing County, Zhejiang Province, Chaowei Power Holdings Limited is a leading motive battery manufacturer operating in the fast growing electric bike market in China. Since our founding, the Company has been able to create a strong presence in the market. According to the Frost & Sullivan Report, in 2011, our market share by revenue in the ebike motive battery market reached 24.5%, making us a market leader. Leveraging our top position in the lead-acid battery industry, we have commenced production of lead-acid motive batteries for electric cars and storage batteries for wind and solar energy.Our motive battery products are sold under the "CHILWEE (è¶å¨)" brand, which has been recognized as a "Brand with the Strongest Influence in the Electrical Equipment Industry of China" by China Electrical Equipment Industrial Association, and a "Well-known Trademark of China" by relevant PRC authorities.We have established a nationwide sales and distribution network that covers both our primary market, focusing on the supply of products to electric bike manufacturers, and secondary market, which taps the replacement battery market for electric bikes. Our extensive sales and distribution network allows us to distribute our products and provide strong after-sales services, including recycling, repairing and maintenance of batteries and the provision of spare parts for electric bikes, differentiating us from the majority of our competitors.Based on such factors as increasing concern for environmental protection; rapid urbanization; rising disposable income; and the Home Appliance Subsidy Program in Rural Areas launched by the central government to stimulate consumption, demand for our products is expected to continue growing.