As the National People’s Congress and the Chinese People’s Political Consultative Conference drew to a successful close, ‘high-quality development’ and ‘new-quality productive forces’ emerged as key policy themes. As a leading enterprise in the field of new energy vehicle drive systems, Zhejiang Oswell Electric Technology Co., Ltd. has capitalised on these policy tailwinds, utilising a dual-drive strategy of ‘technological innovation’ and ‘cost optimisation’ to accelerate its expansion within the new energy vehicle industry chain, thereby injecting strong momentum into the sector’s progress.

The 2025 Government Work Report explicitly calls for “accelerating the development of new-quality productive forces”, focusing on cutting-edge fields such as green and low-carbon technologies and intelligent connectivity, to drive the new energy vehicle industry chain towards high-end and intelligent upgrades. As a national-level high-tech enterprise and the Zhejiang Provincial Research Institute for New Energy Vehicle Drive Systems, Oswell Co., Ltd. has actively responded to the policy call. Centring on the “Big Three Electric Systems” (battery, motor and control system) as the core of its electric drive integration, the company is deepening research and development into key technologies such as on-board drive modules and intelligent connectivity, thereby contributing to the self-reliance and controllability of the “heart” of China’s new energy vehicles.

Recently, Oswell Co., Ltd. has achieved a series of landmark results in core technology areas:

Faced with industry-wide cost pressures and supply chain security requirements, Oswell Co., Ltd. launched the “Electronic Control System Cost Reduction Development Plan”. Adopting a core strategy of “phased domestic substitution and technical adaptation optimisation”, the company is steadily advancing the diversification of its supply chain:

Breakthroughs in the localisation of key materials: whilst ensuring performance and reliability, the company has collaborated with domestic semiconductor firms to develop cost-effective alternatives for non-core chips and electronic components, gradually increasing the proportion of domestically sourced materials and reducing reliance on a single import source.

Technical Adaptation and Upgrades for Imported Components: For core components—which are currently dominated by imported chips—the company has optimised circuit design and software adaptation to fully harness the potential of these chips, thereby extending the lifecycle of existing solutions and achieving a ‘dual balance’ of cost reduction and performance optimisation.

Standardised Supply Chain Management: By harmonising component specifications and streamlining redundant designs, we are promoting bulk procurement and enhancing production process efficiency. This reduces the overall cost of the electronic control system and creates scope for further cost optimisation in subsequent localisation efforts.

This series of measures not only responds to the call for ‘self-reliance and self-strengthening in science and technology’ issued at the Two Sessions, but also drives the localisation of core components for new energy vehicles, providing a model for the industry’s sustainable development.

Oswell Co., Ltd.’s new energy vehicle electric drive system headquarters base, with a total investment of 5.5 billion yuan, is currently under full-scale construction in the Zhuji Economic Development Zone, Zhejiang Province. The project is planned to be commissioned in two phases; once Phase I reaches full production capacity, its annual output value will exceed 3 billion yuan, covering the production of electric motors, individual electronic control units and ‘Big Three Electric’ assemblies, whilst extending into upstream supporting sectors. Upon completion, the base will become the leading electric drive industry cluster in the Yangtze River Delta region in terms of scale, helping China secure a leading position in global smart electric vehicle technology.

The signals of ‘stabilising growth’ and the support policies for green industries released at the Two Sessions have provided a significant boost to the new energy vehicle sector. Leveraging its technological advantages and production capacity layout, Oswell Co., Ltd. has been recognised as one of ‘China’s Top 100 Powertrain Enterprises’ and has joined the ranks of ‘pre-unicorn companies’. As the A-share market’s focus on core assets intensifies, the electric drive sector in which Oswell Co., Ltd. operates is expected to become a key target for capital investment, further driving growth in both the company’s valuation and market share.

“Amid these dual opportunities presented by policy and the market, Oswell Co., Ltd. will continue to deepen its expertise in core electric drive technologies, empowering global green mobility through ‘China Smart Manufacturing’,” stated Cao Guanhui, Chairman of Oswell Co., Ltd. Looking ahead, Oswell Co., Ltd. will capitalise on the policy dividends from the National People’s Congress and the Chinese People’s Political Consultative Conference to accelerate technological iteration and industrial synergy, working alongside partners to chart a new course for the high-quality development of the new energy vehicle sector.