Groundbreaking Ceremony Held for INCREASE’s Intelligent High-Frequency Switching Power Supply Industrialization Project

March 15, 2021, marked a significant milestone for Shenzhen Increase Technology Co., Ltd. ("INCREASE") as it held the groundbreaking ceremony for its new industrialization project in the Xinzhuang Industrial Zone of Minhang District, Shanghai. The project is led by INCREASE’s subsidiary, Shanghai Ruixing Intelligent Technology Co., Ltd.

Ceremony Highlights The event was attended by distinguished guests, including Mr. Yin Wei, Chairman of INCREASE; Mr. Ni Yaoming, Secretary of the CPC Minhang District Committee; Mr. Liu Jian, Director of the District Planning and Natural Resources Bureau; Mr. Tang Weiqun, Deputy Director of the Xinzhuang Industrial Zone Administrative Committee; and Mr. Zhao Chunhui, Chairman of Shaanxi Construction Engineering Sixth Construction Group. Representatives from various partner organizations also joined to witness this strategic development.

Project Overview

Designed as an integrated regional hub for R&D, sales, and manufacturing in the Yangtze River Delta, the facility will focus on the production of 100,000 units of various industrial power supplies annually. Spanning approximately 14,500 square meters with a total floor area of 38,920 square meters, the project is scheduled for completion in the first quarter of 2023.

Yin Wei, Chairman of Yingkerui, delivered a speech

Deputy Director Tang Weiqun of the Xinzhuang Industrial Zone Management Committee delivered a speech

Keynote Addresses During the ceremony, Deputy Director Tang Weiqun and Chairman Yin Wei delivered keynote speeches. Chairman Yin expressed his heartfelt gratitude to the local government and partners for their continued support. He emphasized that for nearly two decades, INCREASE has remained committed to independent R&D and technological innovation within the power electronics sector, establishing a formidable market presence.

"This project is a cornerstone in INCREASE's history," stated Chairman Yin. "By aligning with market opportunities and expanding our R&D investment, we are proactively planning for future capacity. Once operational, this facility will significantly boost our total output, ensuring a rapid and agile response to our customers' evolving needs."

Chairman Yin Wei and other leaders jointly laid the foundation by shoveling soil

Official Groundbreaking In the vibrant atmosphere of early spring, Chairman Yin Wei and the attending dignitaries performed the traditional groundbreaking rite, symbolically shoveling soil to lay the foundation for the new facility. The ceremony concludes a successful start to a project that promises to drive technological advancement and industrial upgrading for INCREASE in the years to come.