A provincial honor! Faraday Electric won the title of "Hidden Champion of Zhejiang Province"!
According to the requirements of the document "Notice of the Zhejiang Department of Economy and Information Technology to Conduct the Confirmation and Review of Hidden Champions Enterprises in Zhejiang Province in 2025," The Provincial Department of Economy and Information Technology has carried out the identification and review of hidden champion enterprises in 2025. The list of proposed identification and the review approved by our city is now publicly announced.
If you have objections to the disclosed enterprise, please return the real name to the Small and Medium Enterprise Development Branch of the Provincial Department of Economy and Information Technology, and provide supporting materials and contact information to verify and, verification. All sectors of society are welcome to participate in the oversight.
Availability: 9 January 2026 to 13 January 2027
Contact telephone: Municipal Economic and Information Bureau: 0577-8968039; Provincial Department of Economy and Information: 0571-87059133
Annex: 1. List of Hidden Champion Enterprises to be Recognized in 2025.
2. To review the approved list. xls
Wenzhou Bureau of Economy and Information Technology
January 9, 2026
Following the first provincial honor, Zhejiang Faraday Electric Co., Ltd. received another provincial honor as "the invisible champion enterprise in Zhejiang Province." This title is not only an honor, but also an authoritative certification of our nearly two decades of dedication and strength in the pressure control segment.
The criteria for identifying "invisible champions" are extremely rigorous, requiring the company to have the top market position in a specific segment. This is true of Faraday: our smart pressure products have a domestic market share of 21%, ranking first in the country. In the global market, we are also among the top five in the industry, competing with international giants such as Siemens and GE. From domestic smart grids to multinational energy projects under the Belt and Road Initiative, our products have reached more than 80 countries and regions around the world and participated in 17 national strategic projects, safeguarding the lifeblood of electricity around the world with a stable and reliable "Chinese core."
The name of the champion comes from the ongoing technical effort. The intelligent pressure converters we have developed have overcome many industry technical difficulties, and the in-depth cooperation with Western Jiaotong University, Hangzhou Electric Power, and other universities has promoted the technology to an internationally leading level. This heavy honour is a milestone and a new starting point. In the future, Faraday will continue to maintain the craftsmanship of "specializing and new" to make the championship power even more dazzling on the global electricity stage.