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Forbes China’s new unicorn: Yida Xinneng is strongly selected!

Forbes China’s new unicorn: Yida Xinneng is strongly selected!

July 09, 2024

Recently, Forbes China announced the list of new unicorns in 2023, with a total of 51 Chinese companies selected. With its leading advantages in the N-type track in the photovoltaic field and its stable and sustainable business operations, Yida Xinneng was successfully selected as one of Forbes China's new unicorns in 2023.

 

  Forbes China's 2023 New Unicorn List focuses on the technological innovation, business model innovation and financing capability innovation of enterprises, and pays attention to the high-growth performance and industry-leading innovation capabilities of emerging entrepreneurial enterprises in the past year. It is screened through data review, questionnaire surveys and other methods.

  From the industry distribution of China's new unicorns, it can be seen that clean technology and new energy companies account for 23%. Chinese companies in the clean technology and new energy sectors have continued their advantages in 2022, and the number of new unicorn companies accounts for nearly half of the global growth in this field.

  As the world accelerates the process of promoting the "dual carbon" goals, industries such as photovoltaics, wind power, hydrogen energy, and new energy vehicles have become the backbone of achieving the "dual carbon" goals, leading the new trend of China's economic and energy industry transformation.

  Against this background, the size of the new energy market has further increased, and the clean energy segment has a good development momentum. Yida Xinneng has firmly chosen the green and low-carbon photovoltaic track. As a young company that has been established for only more than 5 years, it stands out with its industry-leading N-type technology, and its photovoltaic module shipments have been ranked among the top ten in the world for many years.

 

  Photovoltaic, as one of the green energy industries, is the mainstay of developing new quality productivity. As a leader in N-type technology, Yidaxinneng continues to deepen its research and development in the field of N-type TOPCon. By continuously increasing its technology investment in R&D, the average efficiency of TOPCon 4.0 Plus batteries in mass production has reached 26.55%, and the open circuit voltage has reached 742mV, setting world records many times.

  At the same time, the company has also proactively laid out various technical routes such as TBC, SCPC, TSiP and SFOS. Through R&D projects in cooperation with Martin Green's team at the University of New South Wales, the battery efficiency will exceed 40%.

 

  Relying on its leading position in the field of N-type technology, Yidaxinneng has laid the foundation for high growth in the photovoltaic industry. At the same time, it combines full-scenario solutions to consolidate differentiated competitive advantages and compose a "photovoltaic +" green picture in the fields of ecology, cities, and offshore photovoltaics.

  While taking root in the domestic market, the company actively implements the international development strategy, has established subsidiaries in Germany, Australia, and Japan, and improved the localized sales and service network system, serving global customers at zero distance with leading technology, high efficiency and reliability, and illuminating every corner of the world with a ray of sunshine.

  With the continuous emergence of energy crises and ecological and environmental problems, actively responding to global climate change has become a consensus of all mankind. As a green and sustainable development field, the photovoltaic industry is also widely favored by investors. With five consecutive years of double growth in shipments and revenue, high-precision N-type technology, a stable decentralized industrial layout, and high-quality customer reputation, Yidaxinneng has won multiple rounds of support from many investment institutions, injecting strong momentum into the company's healthy development. For several consecutive years, it has been selected into the Venture 50 investment community carbon neutrality list and won awards such as PV Tech's best ESG performance photovoltaic company, demonstrating the investment value and development potential of Yidaxinneng.

  The "dual carbon" goal is leading a new round of energy revolution. Unicorn companies are the main force in opening up new fields, new tracks, and new models. They represent the new economy and new formats and lead social innovation. In the future, Yidaxinneng will shoulder the vision of zero-carbon goals, consolidate the driving force of scientific and technological innovation with a global vision, help the cluster effect of the industrial chain, accelerate the transformation of the energy structure, and shine the light of green and low-carbon with a steady and high-quality development!

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