Having started commercial production in April last year, Hung estimated that its maiden factory in Zhejiang province might have generated sales of about US$8 million last year, mainly from batteries for electric bikes.
The firm, which is based in Hong Kong Science and Technology Parks (HKSTP), last November became the first company from Hong Kong or China to win Prince William’s Earthshot Prize. The prize supports the scaling up of the most innovative solutions to the world’s biggest environmental challenges with a £1 million (US$1.2 million) cash award.
More than 100 greentech ventures are now supported by HKSTP, according to Barry Kwong, its director of sustainability.
Around half of these specialise in green and smart-city solutions, while 20 per cent focus on sustainable building technology. Another 20 per cent are dedicated to new energy and energy efficiency, with the remainder…
