The Inovance Group was founded in 2003 in Shenzhen, a city in one of China's most successful Special Economic Zones. It made its initial public offering on the Shenzhen Stock Exchange in 2010(Stock name : 300124) and has since been tracked by Forbes as an SME with most potential. Rapid growth in sales revenues and staff numbers led to the Group's selection for the Forbes 2016 Best under a Billion list, which highlights Asia-Pacific companies with less than $1bn in sales but consistently high top and bottom line gains. The Inovance Group continues to move forward and in 2017 achieved sales revenues of USD 710M, a year-on-year growth of 30%. Through sustained innovation, the Group delivers new technology products for the industrial automation market and pursues new opportunities in the New Energy sectors of Electric Vehicle and Light Rail Transit inverters. Since its foundation in 2003, Inovance has delivered several millions of power inverters to a wide spectrum of industries and has made significant progress in delivering cost-competitive control solutions.