Eaton Honored for Best Innovation Practices of Multinational Companies in Shanghai

Date: 2015/10/29

SHANGHAI … Power management company Eaton has been honored with the “Top 40 Most Innovative Practices Award” at the “Innovation and Development: Multinational Companies in Shanghai” Innovation Forum and Awards Ceremony recently.  Eaton’s “Power Unit for China Electric Vehicle Bus” project, which was launched by the Corporate Research and Technology (CRT) team in China, won the award in the category of “Collaborative Innovation” for leading the way in adopting innovative practices and promoting local cooperation.
 
“We’re pleased to receive this recognition for our long-term efforts in innovation and sustainability. China is a strategic pillar for Eaton’s global growth and investment in emerging markets. We’ve put significant emphasis on innovation and localization of R&D capabilities that are driving our growth in China,” said Joe-Tao Zhou, president for Eaton in China. 
 
The “Best Innovation Practices of Multinational Companies in Shanghai” award, which was jointly organized by Shanghai Daily and online news provider Eastday.com, honors multinational companies that contributed to Shanghai’s development as a global innovation center.  The event was also supported by the Information Office of Shanghai city government and the Shanghai Commission of Commerce. The organizers said they received 81 applications from multinational companies since the competition was launched in June. The panel of judges included renowned scientists, scholars and the general public who were given the rights to vote. The activity obtained more than 5.7 million online views and votes.  
 
Eaton’s CRT team in China has successfully developed and deployed from global CRT two key technologies for new energy vehicle, including EV drive unit and intelligent high voltage power distribution box for new energy bus market. The EV drive unit for the large transit bus is designed with improved shifting by using 4-spd AMT transmission with 10 to 15 percent energy savings.  The intelligent high voltage power distribution box is designed to ensure a stable and safe electrical power management of new energy vehicle. These two  technologies are combined to provide easier and safer operations, helping owners minimalize the operation cost. 
 
This is the second recognition the team has received for its advanced new energy powertrain and leading new energy vehicle technologies. Prior to this, the China CRT team was recognized by the local government of Changning district, Shanghai, with the award of “Innovation Team (2014-2016)” for their contributions to the development of the cutting-edge technologies for new energy vehicles.
 
The Corporate Research and Technology (CRT) organization is Eaton’s most forward-looking research and development and technological innovation organization, committed to providing the most advanced technology innovation for the company's global business. Eaton currently has global CRT centers in the United States, China, India, and the Czech Republic. 
 
Established in September 2010, Eaton’s China CRT is focused on developing advanced technologies and solutions, such as next generation power converters, safe solutions for alternative energy, digital and green hydraulics, energy-efficient vehicle powertrains, electrical vehicle and high-efficiency charging technology.  It also launched three education centers in 2014 in partnership with Shanghai Changning Government, Harbin Institute of Technology (HIT), and Southwest Jiaotong University (SWJTU) to serve as a unique platform for scientific technology exchange with local governments, universities and institutions, providing remarkable opportunities for Chinese students.
 
Eaton is a power management company with 2014 sales of $22.6 billion. Eaton provides energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton has approximately 99,000 employees and sells products to customers in more than 175 countries. For more information, visit www.eaton.com